Wait… Hardee’s Filed for Bankruptcy?!
If you saw headlines about Hardee’s filing for Chapter 11 and immediately thought, “Wait… are they closing?!” you’re definitely not alone. To be honest, I had to understand what Chapter 11 truly meant and if your like me let me explain what’s going on. Before you panic about losing your go-to biscuit spot, let’s clear something up.
First Things First, It’s Not What You Think
Yes, there has been a Chapter 11 bankruptcy filing connected to Hardee’s. But it’s not the entire brand going under.
What’s actually happening is that a franchise group that owns some Hardee’s locations has filed, not the Hardee’s company as a whole. Which is not the same thing, it’s actually a pretty big difference.
What Chapter 11 Really Means
Filing for Chapter 11 doesn’t mean a business is shutting down. It usually means they’re trying to reorganize their finances and figure out a way to keep things going.
So in a lot of cases, restaurants can stay open while everything gets sorted out.
What This Means for Us Here in Evansville
Right now, there’s no sign that all Hardee’s locations are closing, especially not across the board…