84-year-old dining chain franchisee files Chapter 7 bankruptcy

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RegExp("[?&]notifications=1(&|#|$)");"desktop"===y&&i&&b.test(window.location.search)&&(i.checked=!0)};ge("ybar-mod-notification",(function(e){var t={isUH3:"crunch"===e.getConfig().ytheme,notifContainer:document.getElementById("notification-container"),notifBadge:document.getElementById("notif-badge"),notifMenu:document.getElementById("ybarNotificationMenu"),notifMenuOpener:document.querySelector("#ybarNotificationMenu + label"),notifDropdown:document.getElementById("notifDropdownContainer"),tooltipContainer:document.querySelector(".".concat($n)),notifLabel:document.querySelector(".".concat(Xn))};t.notifDropdown&&so(e,t)}))}()}};]]>Kirk O’NeilSat, December 13, 2025 at 8:50 PM GMT+1 3 min readRestaurant chains have faced hundreds of closings in 2025, with some operators forced to file Chapter 11 or Chapter 7 bankruptcy protection to liquidate assets.In some cases, restaurant chains shut down all locations without filing for bankruptcy. That was the case with 88-year-old casual dining chain K&W Cafeterias, which operated eight locations in North Carolina and one in Virginia.The restaurant chain, founded in 1937, had grown to 35 locations before it started downsizing after the Covid-19 pandemic in 2020.K&W Cafeterias, which was a popular Southern comfort-food, cafeteria-style restaurant chain for decades, closed all nine of its locations on Dec. 1, 2025, with a message on its Facebook page, which has since been disabled. The company's website has been disabled, as well.K&W Cafeterias founded 1937.Operates up to 35 locations before 2020.Closes remaining 9 restaurants on Dec. 1, 2025.The 88-year-old restaurant chain’s website had included a farewell message that it posted on its locations’ front doors.“We are sorry to announce that after proudly serving this and many other communities for years, K&W Holdings Group LLC will be closed permanently. All existing locations closed effective 12/1/2025. We thank you for your support throughout our years in business. K&W Holdings Management.”Several other casual restaurant chains have filed for bankruptcy and shuttered locations this year. Italian restaurant chain operator Bravo Brio Restaurants LLC, the parent company of popular upscale Italian restaurant chains Bravo Italian Kitchen and Brio Italian Grille, filed for Chapter 11 bankruptcy for the second time in five years on Aug. 18, 2025, to reorganize its businesses and restructure debt.Popular Mexican chain, Abuelo’s Mexican Restaurant, filed for Chapter 11 bankruptcy in September 2025, blaming rising costs, labor issues, and declining sales. The company had about 40 locations at its peak, but had diminished to 16 restaurants when it filed for bankruptcy.Dickey's Barbecue Pit dining chain has closed dozens of restaurants over the last two years.SAnd now a franchisee of the 84-year-old fast-casual restaurant chain Dickey's Barbecue Pit has filed for Chapter 7 bankruptcy liquidation to close down a California location.Elk Grove, Calif. franchisees Miguel Zarate Ortiz and Maria Zomeno Sevilla filed their petition in the U.S. Bankruptcy Court for the Eastern District of California on Dec. 8 listing only $17,987 in assets and about $1.04 million in liabilities, the Sacramento Business Journal reported.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,827.41 -73.59 (-1.07%)Dow 3048,458.05 -245.96 (-0.51%)Nasdaq23,195.17 -398.69 (-1.69%)Russell 20002,551.46 -39.15 (-1.51%)VIX15.74 +0.89 (+5.99%)Gold4,328.30 +15.30 (+0.35%)Trending tickersBTC-USD Bitcoin USD 90,223.63 +14.40 (+0.02%)RBLX Roblox Corporation 88.51 -5.83 (-6.18%)ETH-USD Ethereum USD 3,109.89 +36.46 (+1.19%)OKLO Oklo Inc. 87.42 -15.58 (-15.13%)XRP-USD XRP USD 2.02 +0.02 (+0.82%)PortfolioSign in to access your portfolioSign inTop gainersYOU Clear Secure, Inc. 41.08 +4.82 (+13.29%)RIVN Rivian Automotive, Inc. 18.42 +1.99 (+12.11%)EVCM EverCommerce Inc. 12.08 +1.19 (+10.93%)LULU lululemon athletica inc. 204.97 +17.96 (+9.60%)VERA Vera Therapeutics, Inc. 49.80 +3.78 (+8.21%)Top losersFRMI Fermi Inc. 10.09 -5.16 (-33.84%)MOD Modine Manufacturing Company 139.88 -25.31 (-15.32%)OKLO Oklo Inc. 87.42 -15.58 (-15.13%)SEI Solaris Energy Infrastructure, Inc. 46.07 -8.01 (-14.81%)SNDK Sandisk Corporation 206.18 -35.43 (-14.66%)Most activeNVDA NVIDIA Corporation 175.02 -5.91 (-3.27%)BBAI BigBear.ai Holdings, Inc. 6.38 -0.36 (-5.34%)PLUG Plug Power Inc. 2.3200 -0.0400 (-1.69%)RIVN Rivian Automotive, Inc. 18.42 +1.99 (+12.11%)TSLA Tesla, Inc. 458.96 +12.09 (+2.71%)Top economic eventsEarnings eventsMy earnings eventsEarnings events