• Home
  • Politics
  • Health
  • World
  • Business
  • Finance
  • Tech
  • More
    • Sports
    • Entertainment
    • Lifestyle
What's Hot

How Greenbrier Companies (GBX) Is Growing Rail Earnings Through Margin Expansion, Record Lease Utilization, and a $2 Billion Backlog

July 12, 2026

How ICE melted from view at the World Cup

July 12, 2026

LAPD Cuts Ties with License-Plate Camera Vendor over ‘Who Owns the Data’

July 12, 2026
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Sunday, July 12
Patriot Now NewsPatriot Now News
  • Home
  • Politics

    How ICE melted from view at the World Cup

    July 12, 2026

    The secret to becoming a sporting superpower

    July 12, 2026

    Trump Is Fading Fast As President Takes Second Cognitive Test In 3 Months

    July 11, 2026

    Progressives say they’re done re-litigating old posts. Are their opponents?

    July 11, 2026

    New Footage Allegedly Shows Senator Mitch McConnell Loaded Into Ambulance

    July 11, 2026
  • Health

    Christian Pulisic Suffers Microfracture In World Cup Loss To Belgium

    July 11, 2026

    Kylian Mbappé Injury Update Before France’s World Cup Semi Vs. Spain

    July 11, 2026

    The Biggest AI Risk Isn’t Hallucinations. It’s Skill Decay.

    July 11, 2026

    Where Have You Gone, Health Equity?

    July 11, 2026

    ACA Premium Hikes Raise Questions On Affordability And `Death Spiral’

    July 11, 2026
  • World

    Germany Seals Deal with U.S. to Buy Tomahawk Missiles

    July 12, 2026

    James Carville Slams Democratic Socialists: ‘These People Are So F**king Stupid’

    July 12, 2026

    Cost of French Asylum System Rises to Nearly Two Billion Euros Per Year

    July 11, 2026

    MAGA Melts Down Over Justin Trudeau Cameo In New Katy Perry Video: ‘Pure Cringe’

    July 11, 2026

    U.S. Braces for Prolonged Iran Conflict, Weighs Naval Blockade

    July 11, 2026
  • Business

    ATF Rule Could Cause Classic Showdown Between Mom And Pop Shops Versus Online Retailers

    July 10, 2026

    Costco Shows That You Can Build A Thriving Business With One Simple Trick (Pay Your Workers)

    July 9, 2026

    The Agency Elizabeth Warren Built Now Advances Trump’s Agenda

    July 9, 2026

    Meta To Shell Out Billions For New AI Data Center Outside US

    July 9, 2026

    How Big Banks Are Scheming To Jack Up Your Fees

    July 8, 2026
  • Finance

    How Greenbrier Companies (GBX) Is Growing Rail Earnings Through Margin Expansion, Record Lease Utilization, and a $2 Billion Backlog

    July 12, 2026

    Big fast-food burger chain franchisee files Chapter 11 bankruptcy

    July 12, 2026

    A Look at Recent Revenue Trends for These Home Improvement Giants

    July 11, 2026

    Morgan Stanley drops timely Honeywell stock opinion

    July 11, 2026

    The AI Trade Is Rotating From Chips to Infrastructure. 2 Stocks Riding the Shift.

    July 11, 2026
  • Tech

    LAPD Cuts Ties with License-Plate Camera Vendor over ‘Who Owns the Data’

    July 12, 2026

    Apple Lawsuit Accuses OpenAI of Stealing Trade Secrets in Massive Scheme

    July 11, 2026

    Bloomberg Claims Startup Co-Founded by Bill Gates’ Daughter Cheats on Sales Credit

    July 11, 2026

    Nobel Prize-Winning Chemist Leaves U.S. to Join Chinese AI Project

    July 11, 2026

    European Commission Finds Meta Violated Digital Services Act with Addictive Design Features

    July 11, 2026
  • More
    • Sports
    • Entertainment
    • Lifestyle
Patriot Now NewsPatriot Now News
Home»Finance»Big fast-food burger chain franchisee files Chapter 11 bankruptcy
Finance

Big fast-food burger chain franchisee files Chapter 11 bankruptcy

July 12, 2026No Comments4 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Big fast-food burger chain franchisee files Chapter 11 bankruptcy
Share
Facebook Twitter LinkedIn Pinterest Email

A lender dispute over millions of dollars has led a Hardee’s restaurant franchisee to file for bankruptcy to invoke an automatic stay of all legal actions against the debtor.

Hardee’s restaurant franchisee Superior Star LLC filed for Chapter 11 bankruptcy protection, facing an alleged seller financing dispute, according to court papers.

Hardee’s franchisee Superior Star LLC files for Chapter 11 bankruptcy facing a lender dispute.Shutterstock

Hardee’s franchisee files for bankruptcy

The Phoenix-based franchisee filed its petition in the U.S. Bankruptcy Court for the Western District of Kentucky on July 9, listing $10 million to $50 million in assets and liabilities, according to PacerMonitor.

The debtor’s largest creditors include Starcorp LLC, owed $7.04 million in a disputed seller note subject to setoff; Lionsgate Investment, owed over $184,000 in terminated leases; Kosmides Family Trust, owed over $147,000 in a settlement; FJ Enterprises LLC, owed over $144,000 in a settlement agreement; McLane Company Inc., owed over $138,000 for food products; and MB2K LLC, owed over $123,000 in rent, according to court papers.

Superior Star, which purchased 93 Hardee’s locations in 10 states from Starcorp in 2023, currently operates 59 locations in Midwestern states. The company closed about 12 locations in 2025, according to Nation’s Restaurant News.

The debtor and Starcorp are entangled in a financing dispute over a $7.04 million seller note.

“We are aware that Hardee’s franchisee Superior Star, which independently owns and operates certain Hardee’s restaurants primarily in the Midwest region, has filed a voluntary petition for relief under Chapter 11 of the U.S. bankruptcy code,” franchisor Hardee’s said in a statement.

See also  Trump Threatens 'Big Tariff' Over London's Bid to Tax U.S. Tech Firms

Hardee’s comment on dispute

“Superior Star’s decision to file is based on its own specific financial and business circumstances. We remain focused on continuing to strengthen the Hardee’s system and deliver quality experiences for our guests,” Hardee’s said.

Burger chain franchisor CKE Restaurants Holdings, which franchises the 66-year-old Hardee’s and Carl’s Jr restaurants, has been in a battle with some of its franchisees as it tries to collect revenue, such as franchise fees, digital fees, advertising fees, and rent.

One such dispute led a franchisee to file for Chapter 7 bankruptcy liquidation.

CKE affiliate Hardee’s Restaurants LLC sued franchisee ARC Burger LLC for alleged breach of contract, seeking to recover over $6.5 million in unpaid franchise fees and other obligations, according to Law.com.

ARC Burger LLC, closed all 77 of its locations after Hardee’s Restaurants LLC filed a lawsuit against the franchisee in November 2025, for alleged failure to pay franchise fees and other obligations.

ARC filed Chapter 7 bankruptcy

The franchisee subsequently filed for Chapter 7 bankruptcy liquidation on April 20, 2026, which invoked an automatic stay while its bankruptcy case proceeded.

Hardee’s, however, reopened 25 of the ARC locations as company-operated stores and plans to reopen more, according to Nation’s Restaurant News.

Another Hardee’s franchisee, Paradigm Investment Group, battled franchisor CKE Restaurants Holdings over the parent’s demands that the franchisee’s restaurants stay open past 2 p.m., pay digital fees, and adhere to loyalty program mandates.

See also  Stocks making the biggest moves premarket: GOOGL, MSFT, PACW, SNAP

CKE Restaurants indicated that it would terminate Paradigm’s franchise agreements if the franchisee — which operated 76 Hardee’s restaurants in Alabama, Florida, Mississippi, and Tennessee — did not make the changes and payments. The franchisee refused, and CKE on Jan. 15, 2025, sent Paradigm a notice of default and termination, threatening to cancel the franchise agreements on April 15, 2025.

CKE Restaurants operates over 3,800 Hardee’s and Carl’s Jr. restaurants across 44 states and 43 countries.

Related: Costco and Walmart capture grocery-store crowns

Superior Star location territories

Related: Major tire and auto repair franchisee files Chapter 11 bankruptcy

This story was originally published by TheStreet on Jul 11, 2026, where it first appeared in the Restaurants section. Add TheStreet as a Preferred Source by clicking here.

Bankruptcy big Burger Chain Chapter FastFood Files franchisee
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

How Greenbrier Companies (GBX) Is Growing Rail Earnings Through Margin Expansion, Record Lease Utilization, and a $2 Billion Backlog

July 12, 2026

A Look at Recent Revenue Trends for These Home Improvement Giants

July 11, 2026

Morgan Stanley drops timely Honeywell stock opinion

July 11, 2026

The AI Trade Is Rotating From Chips to Infrastructure. 2 Stocks Riding the Shift.

July 11, 2026
Add A Comment

Leave A Reply Cancel Reply

Top Posts

How To Stay Safe At The 2026 World Cup

June 9, 2026

3 players whom you can pick as captain or vice-captain for today’s LPL 2023 – August 12, 2023

August 12, 2023

EBay forecasts upbeat revenue as sneakers, refurbished items drive growth

April 28, 2023

Major Apparel Company’s Political Arm Funnels $71 Million Toward Climate, Dem Orgs: REPORT

January 30, 2024
Don't Miss

How Greenbrier Companies (GBX) Is Growing Rail Earnings Through Margin Expansion, Record Lease Utilization, and a $2 Billion Backlog

Finance July 12, 2026

Greenbrier Companies Inc. (NYSE:GBX) is one of the Best Railroad Stocks to Invest In According…

How ICE melted from view at the World Cup

July 12, 2026

LAPD Cuts Ties with License-Plate Camera Vendor over ‘Who Owns the Data’

July 12, 2026

Germany Seals Deal with U.S. to Buy Tomahawk Missiles

July 12, 2026
About
About

This is your World, Tech, Health, Entertainment and Sports website. We provide the latest breaking news straight from the News industry.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Categories
  • Business (4,399)
  • Entertainment (5,623)
  • Finance (4,151)
  • Health (2,454)
  • Lifestyle (1,897)
  • Politics (3,858)
  • Sports (4,846)
  • Tech (2,371)
  • Uncategorized (4)
  • World (5,594)
Our Picks

Russia Accidentally Doxes Its Own Spies and Undercover Buildings

October 6, 2023

Supplies Of Weight-Loss Drug Remain Restricted Amid Booming Sales

August 10, 2023

Guneet Monga Kapoor, Karan Johar Team on ZEE5 Series ‘Gyaarah Gyaarah’

May 23, 2023
Popular Posts

How Greenbrier Companies (GBX) Is Growing Rail Earnings Through Margin Expansion, Record Lease Utilization, and a $2 Billion Backlog

July 12, 2026

How ICE melted from view at the World Cup

July 12, 2026

LAPD Cuts Ties with License-Plate Camera Vendor over ‘Who Owns the Data’

July 12, 2026
© 2026 Patriotnownews.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.