Hooters announced that it has filed for bankruptcy, but clarified in a press release that this doesn't necessarily mean it's going out of business.

Hooters announced Monday it filed for Chapter 11 bankruptcy protection The company plans to sell its 100 owned locations to two franchise groups Hooters has said it will take 90-120 days to exit bankruptcy Hooters,

Hooters, the U.S.-based restaurant chain known for chicken wings and "Hooters Girls" skimpy wait-staff outfits, has filed for bankruptcy protection.