{"id":6346,"date":"2025-01-10T00:23:34","date_gmt":"2025-01-10T00:23:34","guid":{"rendered":"https:\/\/xstorynews.com\/?p=6346"},"modified":"2025-01-10T00:23:34","modified_gmt":"2025-01-10T00:23:34","slug":"popular-burger-chain-files-for-bankruptcy-more-below","status":"publish","type":"post","link":"https:\/\/xstorynews.com\/?p=6346","title":{"rendered":"Popular Burger Chain Files For Bankruptcy More below!"},"content":{"rendered":"

Yet another burger fast food chain<\/a> in the US is about to go under as Hwy 55 Burgers, Shakes & Fries files for Chapter 11 Bankruptcy.<\/p>\n

 <\/p>\n

The popular southern burger joint, with around 83 total locations in the south, is facing ruin. The parent company, The Little Mint Inc. cites financial struggles and labor shortages following the pandemic. They have been unable to get numbers back to where they should be.<\/p>\n

Despite pulling in $24.4 million in 2023, it still took net losses that year and the previous. Due to this, the burger joint has declared Chapter 11 bankruptcy threatening its stores in North Carolina, South Carolina, Tennessee, Alabama, and Georgia. One new store, that opened in Tennessee recently, closed up shop after only one month.<\/p>\n

Hwy 55 speculates that it has around $11 million in secured debt and $5.8million in unsecured debt. This will all come under administration for Hwy55, Burgers, Shakes & Fries.\"Popular<\/picture>\n

\n