Yahoo Finance
A lender dispute over millions of dollars has led a Hardee's restaurant franchisee to file for bankruptcy to invoke an automatic stay of all legal actions against the debtor.
Hardee's restaurant franchiseeSuperior Star LLCfiled forChapter 11 bankruptcyprotection, facing an alleged seller financing dispute, according to court papers.
The Phoenix-based franchisee filed its petition in the U.S.
Bankruptcy Court for the Western District of Kentucky on July 9, listing $10 million to $50 million in assets and liabilities, according toPacerMonitor.
The debtor's largest creditors include Starcorp LLC, owed $7.04 million in a disputed seller note subject to setoff; Lionsgate Investment, owed over $184,000 in terminated leases; Kosmides Family Trust, owed over $147,000 in a settlement; FJ Enterprises LLC, owed over $144,000 in a settlement agreement; McLane Company Inc., owed over $138,000 for food products; and MB2K LLC, owed over $123,000 in rent, according tocourt papers.
Superior Star, which purchased 93 Hardee's locations in 10 states from Starcorp in 2023, currently operates 59 locations in Midwestern states.
The company closed about 12 locations in 2025, according toNation's Restaurant News.
The debtor and Starcorp are entangled in a financing dispute over a $7.04 million seller note.
"We are aware that Hardee's franchisee Superior Star, which independently owns and operates certain Hardee's restaurants primarily in the Midwest region, has filed a voluntary petition for relief under Chapter 11 of the U.S.
bankruptcy code," franchisor Hardee's said in a statement.
"Superior Star's decision to file is based on its own specific financial and business circumstances.
We remain focused on continuing to strengthen the Hardee's system and deliver quality experiences for our guests," Hardee's said.
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