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Popular fast food restaurant closing dozens of locations in 9 states following bankruptcy [Yahoo! Finance]
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ARC Burger filed for Chapter 7 bankruptcy this week in Georgia, according to The Street The company already faced a lawsuit filed last year over missed franchisee payments and contract obligations ARC Burger was already $29 million in debt. It has one Hardee's location in Alabama - 1301 Maple Avenue in Geneva. ARC Burger also operated locations in Florida, Georgia, Illinois, Kansas, Missouri, Montana, South Carolina and Wyoming. However, not all locations will be closing. Hardee's, in a statement to T he Tallahassee Democrat , said it expects to assume ownership and resume operations for more than 40 Hardee's closed by ARC Burger. Restaurants in Georgia, Missouri, and South Carolina have already reopened, according to the company. “We continue to explore options to reopen additional closed locations, either as corporate or franchisee-owned restaurants,” the spokesperson said in an email. “We understand the important role these restaurants play in the neighborhoods they
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