Receiver for a chain of casual restaurant franchises filed for Chapter 11 bankruptcy protection as a creditor of a former franchisee seeks to preserve the assets of its preference claim.

Fast-food restaurant chains face several challenges to overcome and stay in business. Competition among chains, whether they are burger, pizza, or chicken restaurants, has been fierce for decades. The Covid-19 pandemic in 2020 brought new challenges as restaurants needed to adjust to a new business model,