Summit Restaurant Holdings, a group of CKE franchisees that operated over 145 Hardee’s restaurants in eight states at its peak, filed for chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the District of Colorado, on Thursday, court records show, RestaurantDive.com reported. Summit Restaurants recently closed 39 stores and said it currently operated 108 in its bankruptcy filings. Summit is a part of Capstone Restaurants, which owns and operates about 226 Carl’s Jr. and Hardee’s restaurants, according to its website and court records. In a statement emailed to RestaurantDive.com, CKE said that its “goal is to maintain the maximum number of stores continuing to operate, backed by a capital structure that is sustainable and poised for long-term growth and success, and we are working with all parties to achieve that goal.”
