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In June and July, Back Yard Burgers and Wild Wing Cafe declared Chapter 11 bankruptcy.
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Axum Capital Partners, based in North Carolina, owns both chains and blamed the COVID-19 pandemic and other circumstances for their troubles.
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"We believe the strongest futures for both brands will happen through court restructurings," a company representative said on the bankruptcy filings.
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Over the last several months, the chains have taken steps to right-size, streamline, and restructure the organizations to position them for long-term success.
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"We expect these actions to continue to yield positive results," the statement said.
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Back Yard Burgers, which struggled during the Great Recession and filed for Chapter 11 bankruptcy in 2012, is filing again.
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The Nashville-based fast-casual burger chain led the higher-end burger trend, but it couldn't keep up with Shake Shack and Five Guys.
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Back Yard Burgers has 20 locations, down from 180 in the early 2000s. In 2023, Jackson, Miss., and Charlotte, N.C., sites closed.
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Wild Wing Cafe, famed for its wings, beer, and entertainment-themed environment, has struggled. The chain filed for Chapter 11 protections after failing to restructure $12.5 million in debt, in addition to COVID-19 issues.
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Back Yard Burgers and Wild Wing Cafe join the 2023 food chain bankruptcy with their Chapter 11 petitions. Two prominent Burger King franchisees have gone bankrupt this year.
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Meridian Restaurants Unlimited announced in April court filings that it will close 27 restaurants and possibly more.
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