A major fast-food franchise operator just filed for bankruptcy
By Megan Sims
Published on April 9, 2026.
Friendly Franchisees Corporation, a major fast-food franchise operator, has filed for Chapter 11 bankruptcy protection in federal court. The filing includes several subsidiaries including DFG Restaurants, Senior Classic Leasing and Second Star Holdings. The bankruptcy affects approximately 11% of Carl's Jr. California locations, but it is unclear whether these restaurants will close. A spokesperson for the chain stated that the company expects minimal disruption to the broader chain. The move reflects broader financial pressures facing quick-service restaurants.
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