Fat Brands bankruptcy and liquidation process

US fast-food company Fat Brands to be liquidated following bankruptcy

Fat Brands' assets were sold in four parts.

Following Fat Brands' bankruptcy filing in January, which involved approximately $1.4 billion in debt, a US bankruptcy court approved a liquidation plan for the company. The majority of this debt originated from bonds related to securitization transactions conducted between 2021 and 2023.

Under the approved plan in May, the company's assets were sold in four distinct parts. This process included the sale of the Hot Dog on a Stick brand to Las Vegas-based Amazing Brands for $8 million, while the Twin Peaks brand was sold to a separate group of bondholders with plans for a future transfer to franchise owners.

The approved plan also includes funding for potential lawsuits against former Fat Brands CEO Andy Wiederhorn. Prior to the bankruptcy, the company had used its financing to acquire several restaurant brands, including Twin Peaks, Fazoli's, Johnny Rockets, Round Table Pizza, and Hot Dog on a Stick.

Fat Brands filed for bankruptcy with approximately $1.4 billion in debt.

In January 2026, the US-based fast-food company Fat Brands filed for bankruptcy. The company reported approximately $1.4 billion in debt at the time of the filing.

The majority of this debt was traced back to bonds that originated from securitization transactions conducted between 2021 and 2023.

The majority of the company's debt originated from bonds resulting from securitization transactions.

The majority of the debt held by the US-based fast-food company Fat Brands came from bonds that resulted from securitization transactions. These transactions were carried out between 2021 and 2023.