The fried chicken chain that expanded too fast — Yardbird just filed for Chapter 11

The Miami-founded fried chicken chain Yardbird has filed for Chapter 11 bankruptcy after expanding too rapidly. The company currently owes nearly $25 million to various lenders. Among these creditors is the specific firm that is now attempting to acquire the chain. This financial restructuring follows a period of aggressive growth that left the business with significant debt obligations to its lending partners as it seeks a potential buyout to resolve its current fiscal instability.