Twin Peaks’ parent company has stepped into bankruptcy court, marking a pivotal moment for the sports-bar chain known for pairing game-day energy with casual dining. Twin Hospitality Group, which owns and operates Twin Peaks and Smokey Bones, has filed for Chapter 11 bankruptcy protection, the company confirmed.

According to the filing, Twin Hospitality commenced voluntary Chapter 11 proceedings Tuesday in the U.S. Bankruptcy Court for the Southern District of Texas, setting the stage for a court-supervised restructuring rather than a shutdown.

Restaurants to Remain Open

Despite the bankruptcy filing, the company said customers are unlikely to notice any immediate changes.
“Throughout the Chapter 11 process, Twin Hospitality expects the brands will remain open and operating as usual,” the company said in a statement.

Twin Peaks currently operates about 115 locations across 27 states and Mexico, including restaurants in Hoover and Huntsville, underscoring the chain’s wide geographic footprint.

Financial Picture Comes Into Focus

According to Franchise Times, Twin Hospitality reported assets and liabilities each ranging between $1 billion and $10 billion, a balance-sheet snapshot that reflects both the scale of the business and the pressure driving the restructuring.

Leadership Signals Confidence

Chief Executive Officer Andy Wiederhorn struck an optimistic tone, framing the filing as a strategic pause rather than a retreat.

“Twin Peaks has redefined the sports bar experience and built an iconic and highly profitable business,” Wiederhorn said. “We are confident that the brand remains positioned for meaningful global expansion in the years to come.”

Spinoff and Broader Bankruptcy Context

Twin Hospitality was spun off last year from FAT Brands, a restaurant conglomerate that also filed for Chapter 11 protection Tuesday, tying the Twin Peaks filing to a broader wave of restructuring within the restaurant industry.

As the case moves forward, the court process will act like a referee in a high-stakes game — aiming to keep operations running while the company reshapes its financial playbook.