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Bankruptcy

Financing

In the Fat Brands bankruptcy, CEO Andy Wiederhorn is front and center

 By Jonathan Maze on Feb. 11, 2026

The Bottom Line: The founder and majority owner of the restaurant chain operator has long been a controversial figure. That has not changed since the company filed for bankruptcy.

Financing

Fat Brands CEO Andy Wiederhorn keeps his job, but questions remain

 By Jonathan Maze on Feb. 10, 2026

A court delayed a hearing about the fast-food chain operator’s role after steps were taken to improve the company’s governance. But creditors expressed concern about Wiederhorn’s actions.

Financing

Fat Brands calls lenders' request to oust its CEO a 'personal attack'

By Jonathan Maze on Feb. 10, 2026

The bankrupt restaurant chain operator said that funds used from the sale of Twin Peaks stock were to be used to raise funds for the company and not to enrich CEO Andy Wiederhorn.

Financing

Fat Brands lenders want Andy Wiederhorn suspended

By Jonathan Maze on Feb. 06, 2026

A group of the fast-food operator’s bondholders want the company’s CEO suspended after a stock sale involving Twin Peaks. They also questioned the executive’s control over the company.

Financing

A 43-location Subway franchisee has filed for bankruptcy

By Jonathan Maze on Feb. 02, 2026

MTF Enterprises, which operates locations in Pennsylvania, New Hampshire, Maine and Virginia, declared Chapter 11 bankruptcy after a merchant cash advance lender put a lien on its sales revenue.

Financing

Bankrupt Fat Brands' stock gets delisted and takes off anyway

By Jonathan Maze on Jan. 30, 2026

The owner of Twin Peaks and Round Table Pizza won’t fight a delisting notice over its recent Chapter 11 bankruptcy filing. And yet its stock rose 20%.

Financing

Andy Wiederhorn made a big bet on Fat Brands. It did not pay off

By Jonathan Maze on Jan. 28, 2026

The Bottom Line: The fast-food restaurant chain collector took a huge risk in buying up restaurant chains at peak value and with higher interest rates. Then the market turned south.

Financing

Fat Brands, burdened with heavy debt, declares bankruptcy

By Jonathan Maze on Jan. 27, 2026

The owner of Fazoli’s, Round Table Pizza and several other brands is seeking Chapter 11 debt protection. The company’s whole business securitization was “starving the business.”

Financing

Fat Brands is sued by one of its largest bondholders over Twin Peaks stock

By Jonathan Maze on Jan. 26, 2026

352 Capital, a subsidiary of Jefferies Financial Group, is suing the fast-food restaurant chain operator for refusing to hand over shares in the casual-dining brand as collateral.

Financing

Another debt-ridden restaurant bankruptcy

By Jonathan Maze on Jan. 26, 2026

The Bottom Line: This week’s edition of the restaurant finance newsletter looks at the Popeyes franchisee bankruptcy and why financial metrics are crucial operational standards.

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