Hardee's Franchisee Superior Star Files for Chapter 11 Bankruptcy
Phoenix-based Hardee's franchisee, Superior Star LLC, filed for Chapter 11 bankruptcy on July 9 due to a lender dispute over $7.04 million in seller financing from its parent company, Starcorp LLC. The debtor operates 59 of the original 93 locations it acquired and faces significant liabilities exceeding $10 million.
Topics: bankruptcy debt disputes fast food franchising