Roscoe's Chicken 'N Waffles files for bankruptcy

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Roscoe's Chicken N' Waffles Files For Chapter 11 Bankruptcy Protection

(KTLA) - The parent company for Roscoe's Chicken 'N Waffles has filed for Chapter 11 bankruptcy protection, the Wall Street Journal reported.

The company owes about $1.6 million from a jury verdict and $1.5 million in attorneys' fees to a former employee who sued for discrimination and wrongful-termination in 2013, according to the newspaper.

The bankruptcy filing doesn't necessarily mean the restaurants will be closing however.

Companies often file for Chapter 11 bankruptcy in order to restructure their debts.

There are currently seven Roscoe's Chicken 'N Waffles locations; six in Los Angeles County and one in Orange County.

The original Roscoe's opened in 1975 in Long Beach.

Related: See President Obama's visit to a Roscoe's in 2011:

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President Obama eating at Roscoe's Chicken and Waffles
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Roscoe's Chicken 'N Waffles files for bankruptcy
U.S. President Barack Obama orders chicken wings at Roscoe's House of Chicken and Waffles in Los Angeles, October 24, 2011. Obama is on a campaign and employment-creation trip for three days throughout the western states. (REUTERS/Jason Reed)
U.S. President Barack Obama greets diners at Roscoe's House of Chicken and Waffles in Los Angeles October 24, 2011. Obama ordered some chicken wings at this stop on his three-day campaign and employment-creation trip throughout the western states. (REUTERS/Jason Reed)
U.S. President Barack Obama poses for a picture with some young diners at Roscoe's House of Chicken and Waffles in Los Angeles October 24, 2011. Obama is on a campaign and employment-creation trip for three days throughout the western states. (REUTERS/Jason Reed)
US President Barack Obama greets dinners after placing his order at the Roscoe's Chicken and Waffles in Los Angeles, California, on October 24, 2011. Obama said the vast majority of Americans would see a tax cut under the bill -- a $447 billion proposal aimed at reviving economic growth and curbing 9.1 percent unemployment. The White House has touted the jobs bill as a shot-in-the-arm for the economy, and accused Republicans of playing politics by blocking it. (Photo credit JEWEL SAMAD/AFP/Getty Images)
US President Barack Obama order for food at the Roscoe's Chicken and Waffles in Los Angeles, California, on October 24, 2011. Obama said the vast majority of Americans would see a tax cut under the bill -- a $447 billion proposal aimed at reviving economic growth and curbing 9.1 percent unemployment. The White House has touted the jobs bill as a shot-in-the-arm for the economy, and accused Republicans of playing politics by blocking it. (Photo credit JEWEL SAMAD/AFP/Getty Images)
President Barack Obama orders a snack on a stop at Roscoe's House of Chicken and Waffles in Los Angeles, Monday, Oct. 24, 2011. Obama is on a three-day trip to the West Coast. (AP Photo/Susan Walsh)
US President Barack Obama greets dinners after placing his order at the Roscoe's Chicken and Waffles in Los Angeles, California, on October 24, 2011. Obama said the vast majority of Americans would see a tax cut under the bill -- a $447 billion proposal aimed at reviving economic growth and curbing 9.1 percent unemployment. The White House has touted the jobs bill as a shot-in-the-arm for the economy, and accused Republicans of playing politics by blocking it. (Photo credit JEWEL SAMAD/AFP/Getty Images)
President Barack Obama stops for a snack at Roscoe's House of Chicken and Waffles in Los Angeles, Monday, Oct. 24, 2011. Obama, who was joined by Rep. Karen Bass, D-Calif., is on a three-day trip to the West Coast. (AP Photo/Susan Walsh)
US President Barack Obama greets dinners after placing his order at the Roscoe's Chicken and Waffles in Los Angeles, California, on October 24, 2011. Obama said the vast majority of Americans would see a tax cut under the bill -- a $447 billion proposal aimed at reviving economic growth and curbing 9.1 percent unemployment. The White House has touted the jobs bill as a shot-in-the-arm for the economy, and accused Republicans of playing politics by blocking it. (Photo credit JEWEL SAMAD/AFP/Getty Images)
US President Barack Obama gives a thumbs up as he walks out of the Roscoe's Chicken and Waffles in Los Angeles, California, on October 24, 2011. Obama said the vast majority of Americans would see a tax cut under the bill -- a $447 billion proposal aimed at reviving economic growth and curbing 9.1 percent unemployment. The White House has touted the jobs bill as a shot-in-the-arm for the economy, and accused Republicans of playing politics by blocking it. (Photo credit JEWEL SAMAD/AFP/Getty Images)
US President Barack Obama waves at a crowd of people holding his packets of food he bought from the Roscoe's Chicken and Waffles in Los Angeles, California, on October 24, 2011. Obama said the vast majority of Americans would see a tax cut under the bill -- a $447 billion proposal aimed at reviving economic growth and curbing 9.1 percent unemployment. The White House has touted the jobs bill as a shot-in-the-arm for the economy, and accused Republicans of playing politics by blocking it. (Photo credit JEWEL SAMAD/AFP/Getty Images)
US President Barack Obama carries his bag of food he bought from the Roscoe's Chicken and Waffles in Los Angeles, California, on October 24, 2011. Obama said the vast majority of Americans would see a tax cut under the bill -- a $447 billion proposal aimed at reviving economic growth and curbing 9.1 percent unemployment. The White House has touted the jobs bill as a shot-in-the-arm for the economy, and accused Republicans of playing politics by blocking it. (Photo credit JEWEL SAMAD/AFP/Getty Images)
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