Hooters has filed for bankruptcy. The restaurant chain operates 400 stores, including four in Arizona. Will any stores close?

Here's what to know about how the filing will impact the restaurant chain ... deal with a a buyer group. There are 305 Hooters locations, including 151 owned and operated by the company itself ...

However, the filing will have no impact on the four Hooters operating in the state of Arizona. Restaurants of America, a Hooters franchisee, owns and operates the Hooters locations in Phoenix ...

TGI Fridays was the first bankruptcy of a restaurant chain that used a whole business securitization, and Hooters was the second. Fridays also has the distinction of having lost control of its assets, ...

intends to sell all corporate-owned locations to a buyer group comprised of two existing Hooters franchisees, who operate 30 high-performing Hooters locations in the U.S., mainly in Florida and ...

In the bankruptcy process, the company plans to sell all of its 100 company-owned restaurants to two franchisee groups that operate Hooters locations in the Tampa, Florida, and Chicago areas.