The company and all involved parties agreed that Wiederhorn will step back until the bankruptcy proceedings and possible sale ...

Creditors are seeking a Chapter 7-style liquidation, putting some iconic restaurants at risk of closure during ongoing ...

The franchise operator’s board members will also resign while members of Wiederhorn’s family are leaving the company as part ...

From diminishing marketing support to a sale of assets, operators could see changes that impact operations as the Fatburger ...

From retail to restaurants, prices are rising, and it’s hard for customers to keep up. People are going out to eat less, or they’re choosing cheaper restaurants when they do. That’s taken a toll on ...

FAT Brands Inc. may soon be under new ownership as the company prepares to sell all or part of its assets following its ...

Spirit Airlines CEO Dave Davis was paid $2.9 million for agreeing to stay through the restructuring. Some flight attendants ...

Bankruptcy is a legal procedure that allows individuals or businesses unable to pay their debts to seek relief from some or all of them. In the U.S., bankruptcies are often categorized as Chapter 7, ...

Eddie Bauer plans to close 174 brick-and-mortar stores across the U.S. and Canada after failing to find a buyer during bankruptcy proceedings. The ...

LOS ANGELES, CA - Californians facing unmanageable debt may find relief through Chapter 7 bankruptcy, a legal process ...