And now, Popeyes Louisiana Kitchen restaurant franchisee Sailormen Inc. filed for Chapter 11 protection after a failed sale of certain locations, a default on credit facilities, and a series of lawsuits and store closings caused the company financial distress, according to RK Consultants.

The increase in bankruptcy filings comes as Americans face a slate of economic pressures, from sticky inflation to elevated borrowing costs.

A local optometry group filed for bankruptcy in the final days of 2025, after a failed chapter filing earlier that year.

A once-booming breakfast favorite is facing major financial trouble after years of expansion and recent closures. The company says this isn’t the end — but the numbers tell a bigger story.

Stoli Group filed to convert two of its U.S. companies from chapter 11 to chapter 7 bankruptcy after the company could not reach a restructuring agreement with its senior lender.

Buckling under the weight of financial pressures, Saks Global filed for bankruptcy late Tuesday, naming a previous CEO of Neiman Marcus to lead the company. The New York company filed for Chapter 11 in the U.