A huge number of restaurant companies declared bankruptcy over the past year as the pandemic wiped out a huge amount of sales for a large swath of the industry.

But it could have been a lot worse, as early predictions of massive levels of filings never quite came to fruition, due largely to breaks from landlords and lenders and an industry that saw a quicker recovery than many expected.

That said, the past 12 months have been a huge period for corporate restaurant bankruptcies. According to a Restaurant Business tally, 34 restaurant chains or large-scale franchisees sought out bankruptcy protection since the pandemic began a year ago.


Back to Latest