Hooters Files For Bankruptcy After Shutting Down Restaurants

Last year, Hooters quietly shut down dozens of restaurants across the United States, and now it looks like there's a good reason for that move as the restaurant chain announced on Monday that it had filed for bankruptcy.

The restaurant chain closed at least 44 of its "underperforming" restaurants across 14 different states last year in a move that it said was in response to "pressure from current market conditions."

"Ensuring the well-being of our staff is our priority in these rare instances," the company said in a statement.