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Hooters, the iconic restaurant chain known for its wings, beer, and waitresses in signature outfits, is reportedly preparing for a potential bankruptcy filing as it struggles with financial difficulties.
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According to reports, the company is working with creditors on a restructuring plan, and while no final decision has been made, a Chapter 11 filing could happen within the next two months. The chain has about 300 locations nationwide, but declining customer traffic and financial strain have led to closures.
