The owner of Hot Dog on a Stick, the employee-owned purveyor of corn dogs and deep-fried cheese in dozens of malls in the western U.S., filed for bankruptcy to reorganize and cut real estate costs, Bloomberg News reported yesterday. HDOS Enterprises listed debt of less than $10 million and less than $50 million in assets in a chapter 11 petition filed yesterday. The chain “signed some very expensive leases during the booming economy of the mid-2000s,” Chief Executive Officer Dan Smith said in a statement. It also suffered from a decline in foot traffic at the malls where it does much of its business.
