Red Lobster could file for Chapter 11 bankruptcy protection next week, per The Wall Street Journal. The restaurant chain, burdened with hundreds of millions in debt, recently shut down 52 stores.

Set out below are five key takeaways from the Red Lobster cross-border proceeding: At the outset of the Chapter 11 proceeding, the U.S. Bankruptcy Court approved debtor-in-possession (DIP ...

Discount retailer Big Lots will close between 35 and 40 stores this year as it mulls bankruptcy. Will any of Ohio's 102 ...

Red Lobster, the casual dining chain that won fans with inventions like popcorn shrimp and “endless” seafood deals, has filed for Chapter 11 bankruptcy protection. The 56-year-old chain made ...

After closing more than 100 locations, Red Lobster emerged from bankruptcy in September thanks to a new owner and leadership that’s already changing the menu. The yellow-hued budget carrier ...

Red Lobster, TGI Fridays and Buca di Beppo also filed for bankruptcy in the last year. Meanwhile, sales at Denny's, Applebee's, Outback Steakhouse, Bonefish Grill, Red Robin and Cracker Barrel's ...

Hooters filed for bankruptcy this week, the latest casual dining chain to go belly up. Red Lobster, TGI Fridays and Buca di Beppo also filed for bankruptcy in the last year. Meanwhile, sales at De ...

It has contributed to financial troubles at once-formidable TGI Friday rivals like Hooters, which recently filed for bankruptcy, and Red Lobster, which emerged from bankruptcy last fall.