Another fast food franchisee files for Chapter 11 bankruptcy. Will any of its restaurants close?

Recent years have seen a number of bankruptcy filings from franchisees of major QSR brands, with many citing similar reasons. A major fast food franchisee has filed for Chapter 11 bankruptcy protection. The franchisee, Sailormen Inc., operates 130 Popeyes Louisiana Kitchen locations in Florida, and like the franchisees of other big-name fast food chains in recent years, has faced numerous economic headwinds. Here’s what you need to know.