Hooters, the iconic restaurant chain known for its wings, beer, and signature waitstaff, is reportedly preparing to file for bankruptcy. Faced with declining foot traffic, changin

Just like many of Americans, social media influencer Paige Spiranac was shocked by this Friday's news involving Hooters. According to Bloomberg News, the famous chain restaurant is preparing to file for bankruptcy.

The casual dining chain is working with law firm Ropes & Gray to ready a filing, said the people, who added the plans are not final and asked not to be identified discussing private preparations. The court process would likely begin within the next two months,

Paige Spiranac was like millions of other people who couldn’t believe the news regarding Hooters. The company closed approximately 40 locations last year and owes $300 million in asset-backed bonds. Now, the once-popular chain might be headed for bankruptcy. Bloomberg reported that the casual dining chain hired a law firm to prepare a filing.

Paige Spiranac recently commented on reports that Hooters is allegedly preparing for bankruptcy. Fans have reacted to the 31-year-old American’s comments on X (formerly Twitter).