India, Feb. 22 -- Hooters of America, which is a chain of restaurants and cafes, is reportedly heading towards bankruptcy and for this purpose, it is working with creditors to develop a plan to restructure its business.

The restaurant, famous for its staff members wearing tight-fitting sporty uniforms, is preparing to file for bankruptcy through the concerned court in the coming months, Bloomberg reported.

As part of its financial strategy, Hooters is collaborating with the law firm Ropes & Gray to prepare for a filing. According to the publication, the court process is expected to begin within the next two months.

The plans to file for bankruptcy, which are still in development, however, are not yet final, and the company has not made...