Recently, the popular food chain Hooters filed for Chapter 11 bankruptcy. When the company initially filed, Hooters expressed intentions to keep its restaurants open and its infamous brand intact. Hooters also stated it would move to an exclusively franchise business model during the filing transition.
One of Dorsey's seasoned bankruptcy attorneys, Alessandra Glorioso, was an important resource for reporters across the country when news was first released about the Chapter 11 filing. She continued to provide thoughtful commentary as it developed and became more complex - all while being in the limelight.
Alessandra helps clients navigate and protect their rights in corporate reorganization and liquidation processes. She is able to break down what bankruptcy would look like for Hooters and offer insights on what might be needed to save the business through their franchisees.
Alessandra talked with reporter Emily Lever from Law360’s Bankruptcy Authority about the Hooters filing - the two had an engaging conversation about what could mean for other popular chain restaurants, among other things.
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