Fried Chicken Chain Yardbird Files for Chapter 11 Bankruptcy
What happened
Yardbird, a Miami-based fried chicken chain, filed for Chapter 11 bankruptcy in Delaware on September 21, 2026, citing nearly $25 million in debt. The company stated that restaurants currently operating remain open, while the chain attributed its financial struggles to expansion costs, pandemic impacts, and location-specific operating challenges.
From nrn.com
Why it matters
The bankruptcy filing directly impacts the financial standing of lenders, specifically affecting City National Bank of Florida's $8.3 million loan exposure. The chain had previously expanded to include one location in Singapore.
Companies set up holding companies in Delaware while investors participated in meetings across Mumbai, Singapore, and London.
From nrn.com
Who's involved
- DelawareState where the company filed for bankruptcy protection
- City National Bank of FloridaBank with an $8.3 million loan exposure to the chain
- SingaporeCountry where the chain operated internationally
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- City National Bank of FloridaSpeculative
City National Bank of Florida could see its loan exposure decrease due to the corporate restructuring.