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.
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.
President Obama's visit to a Roscoe's in 2011
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