Another fast-food franchise owner has filed for Chapter 11 bankruptcy. Will the burger joint close any locations?

It’s a tough time to own fast-food restaurants.  Franchisees for popular chains such as Applebee’s, Subway, and Popeyes Louisiana Kitchen have filed for bankruptcy recently, and another has joined them. Multiple entities associated with Friendly Franchisees Corporation (FFC), owner of 65 Carl’s Jr. locations across California, have filed for Chapter 11 bankruptcy, Restaurant Business first reported. Carl’s Jr. was founded almost 85 years ago and is known for its charbroiled burgers. FFC has yet to state whether any Carl’s Jr. locations will close as a result of the bankruptcies. Its founder...