The brands have been shedding restaurants for years.
5 Restaurant Chains That Are Losing Customers This Year
"The ongoing devastating impacts of COVID-19 and the changing market dynamics within the restaurant industry have contributed to continued struggles for both chains. We believe the strongest futures for both chains will happen through court restructurings," a company spokesperson said in a statement on the bankruptcy filings.
"Over the last several months, the chains have enacted steps to right-size the businesses, streamline, and begin to restructure the companies and position them both for long-term success. These actions are already beginning to yield positive results, and we expect those trends to continue," the statement added.
This is the second bankruptcy filing in a little more than a decade for Back Yard Burgers, which struggled during the Great Recession and previously sought Chapter 11 protections in 2012,
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