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Business • 2026-11-04, 15:21 ET • ~1 min read

Checkers and Rally's franchisee files for bankruptcy after years of falling sales

Checkers and Rally's franchisee files for bankruptcy after years of falling sales

Checkers and Rally's franchisee files for bankruptcy after years of falling sales

Checkers and Rally's franchisee files for bankruptcy after years of falling sales

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A longtime Checkers and Rally's franchisee has filed for Chapter 11 bankruptcy protection, the latest sign of pressure on American fast-food operators.
Memphis-based Global Midsouth Holding Corp.
filed on October 28 in Tennessee after receiving a foreclosure notice on its Jackson restaurant, listing $1.9 million in assets and $1.3 million in liabilities.

A longtime Checkers and Rally's franchisee has filed for Chapter 11 bankruptcy protection, the latest sign of pressure on American fast-food operators.
Memphis-based Global Midsouth Holding Corp.
filed on October 28 in Tennessee after receiving a foreclosure notice on its Jackson restaurant, listing $1.9 million in assets and $1.3 million in liabilities.

A longtime Checkers and Rally's franchisee has filed for Chapter 11 bankruptcy protection, the latest sign of pressure on American fast-food operators.
Memphis-based Global Midsouth Holding Corp.
filed on October 28 in Tennessee after receiving a foreclosure notice on its Jackson restaurant, listing $1.9 million in assets and $1.3 million in liabilities.

A longtime Checkers and Rally's franchisee has filed for Chapter 11 bankruptcy protection, the latest sign of pressure on American fast-food operators. Memphis-based Global Midsouth Holding Corp. filed on October 28 in Tennessee after receiving a foreclosure notice on its Jackson restaurant, listing $1.9 million in assets and $1.3 million in liabilities. Its revenue fell from $860,000 in 2024 to $800,000 in 2025 and just $582,000 so far in 2026. Owner Sedrick Turner has run Checkers and Rally's restaurants for nearly 30 years. The corporate franchisor, which licenses the brand to independent operators, is not affected by the filing.

A longtime Checkers and Rally's franchisee has filed for Chapter 11 bankruptcy protection, the latest sign of pressure on American fast-food operators. Memphis-based Global Midsouth Holding Corp. filed on October 28 in Tennessee after receiving a foreclosure notice on its Jackson restaurant, listing $1.9 million in assets and $1.3 million in liabilities. Its revenue fell from $860,000 in 2024 to $800,000 in 2025 and just $582,000 so far in 2026. Owner Sedrick Turner has run Checkers and Rally's restaurants for nearly 30 years. The corporate franchisor, which licenses the brand to independent operators, is not affected by the filing.

A longtime Checkers and Rally's franchisee has filed for Chapter 11 bankruptcy protection, the latest sign of pressure on American fast-food operators. Memphis-based Global Midsouth Holding Corp. filed on October 28 in Tennessee after receiving a foreclosure notice on its Jackson restaurant, listing $1.9 million in assets and $1.3 million in liabilities. Its revenue fell from $860,000 in 2024 to $800,000 in 2025 and just $582,000 so far in 2026. Owner Sedrick Turner has run Checkers and Rally's restaurants for nearly 30 years. The corporate franchisor, which licenses the brand to independent operators, is not affected by the filing.

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