Hooters Owner Files for Bankruptcy

The owner of a dozen Hooters and Topeka's Steakhouse has reportedly decided to file for bankruptcy. According to reports, Cornett Hospitality LLC filed as it listed 287 creditors. In the filing, the business listed assets and liabilities in the range of $1 million to $10 million. While the business goes through the Chapter 11 process, it plans to keep the restaurants open and operating as normal.

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