PappasRestaurants News & Analysis

On the Border (OTB) Files for Chapter 7 Liquidation After Closure

On the Border (OTB) has filed for Chapter 7 liquidation on June 19 after closing all company-owned locations earlier this month. The brand had previously filed for Chapter 11 bankruptcy on March 5, resulting in the closure of nearly 80 locations, almost two-thirds of its stores. In May, Pappas Restaurant Group acquired the brand but ceased operations on June 11, leading to the liquidation decision. The franchise locations in South Dakota, Florida, Nevada, California, and South Korea remain operational and are not included in this filing.