Hooters, the sports bar & grill chain famous for chicken wings served by waitresses in short shorts and tight T-shirts is preparing for a potential bankruptcy filing.

The nation-wide, casual dining chain is planning to restructure its operations, according to a report from Bloomberg News.

According to the report, citing sources, no final decision for declaring for Chapter 11 protection has been made, but a filing could take place in the next two months.

Hooters, an Atlanta-based company, has roughly 300 locations across the country.

In 2024, per Restaurant Business, the company took roughly four times longer to pay its vendors than the average restaurant chain, citing data from credit report company Creditsafe. More than 20 percent of Hooters’ outstanding bills were more than 90 days overdue last year, Creditsafe found.

In June, Hooters closed a number of underperforming restaurants across the country

The restaurant industry has seen similar issues among other major brands.

Red Lobster filed for bankruptcy in May, and TGI Friday’s recently had to cede control of assets.

Bloomberg cites casual dining chains have come “under pressure as inflation, supply chain disruptions and higher interest expenses raised menu prices.”

Mark Heim is a reporter for The Alabama Media Group. Follow him on Twitter @Mark_Heim. He can be heard on “The Opening Kickoff” on WNSP-FM 105.5 FM in Mobile or on the free Sound of Mobile App from 6 to 9 a.m. daily.