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.

Hooters would follow Red Lobster and TGI Friday’s in filing for bankruptcy and closing locations as America’s major chains face shifting diner preferences and spending behavio

The casual-dining chain has hired a law firm to prepare a filing, Bloomberg reported. The chain has been struggling for years.

No, there is no need to rush out and create a #SaveHooters grassroots campaign, yet, but Hooters of America is reportedly in the process of preparing a

Hooters is preparing for a bankruptcy filing to restructure its business amid industry challenges and closures.

A more than 40-year-old chain of "breastaurants" could be on the brink of bankruptcy, according to Bloomberg.

Hooters — famous for dressing its waitress in tight-fitting T-shirts to sling wings and beer — could be going belly-up. The casual dining chain is preparing for a potential bankruptcy filing as it works with creditors on a plan to restructure its operations,

Hooters of America is reportedly working with its creditors on restructuring its business via bankruptcy, according to a new report in Bloomberg. According to the report — which cites sources with knowledge of the proceedings — Hooters is working with the Ropes & Gray law firm to prepare a filing.

Hooters, famous for its hot wings and, well, “scenic views,” is reportedly gearing up to file for bankruptcy. It’s yet another American restaurant chain finding itself in hot financial water in recent months.