On The Border Files for Chapter 7 Liquidation—Second Bankruptcy in Two Years

OTB Hospitality filed for Chapter 7 liquidation on June 19, 2026, in Texas. That's total liquidation—a trustee will sell assets and shutter locations. Pappas Restaurants bought the chain from its prior bankruptcy in 2024. Two bankruptcies in roughly two years suggests the brand faces structural demand problems no new owner could reverse.