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Hardee's Franchise Files Chapter 11 | Durham News
A Hardee’s franchisee, Superior Star LLC, has filed for Chapter 11 bankruptcy amid a high-stakes lender dispute over a $7 million seller financing note, with assets and liabilities estimated between $10 and $50 million. This follows a similar collapse last year when ARC Burger LLC shut down 77 locations after a lawsuit over unpaid fees, eventually filing Chapter 7 bankruptcy. Hardee’s, owned by CKE Restaurants, acknowledged the filing as due to “specific business circumstances,” while maintaining its commitment to brand integrity and customer experience. In response to past failures, Hardee’s…
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