For decades, Hooters has been synonymous with wings, casual dining, and a distinct brand image. Now, that iconic identity faces an uncertain future as the restaurant chain reportedly prepares to file for bankruptcy.

Hooters of America is working with creditors on a plan to restructure the business through bankruptcy court in the coming months, according to people with knowledge of the arrangements.

The company saw over eight closures in Texas last year, though it still has dozens of locations across the state.

Bloomberg is reporter the casual restaurant chain Hooters is going to file for bankruptcy in the coming months due to rising costs of food and rent.

Bloomberg News cited sources claiming that the Atlanta-based chain is working with Ropes & Gray, a law firm, to prepare a bankruptcy filing. Although no final decision seeking Chapter 11 protection has been made,

Hooters iss working with law firm Ropes & Gray to file for bankruptcy. It also shuttered several locations and sold about $300 million in asset-backed bonds in 2021.

Hooters, the casual dining chain known for its sports bar atmosphere and chicken wings, may be on the brink of filing for bankruptcy. According to Blo