Core Viewpoint - FAT Brands is facing potential bankruptcy not due to a lack of cash flow but because it cannot generate sufficient cash to service its debt obligations [1][2] Group 1: Financial Situation - FAT Brands has been in discussions for 18 months to restructure its debt, but negotiations have not been constructive [2] - The company warned of a possible Chapter 11 bankruptcy filing after a key lender called its note [2][3] - FAT Brands has a total debt of $1.26 billion, with $158.9 million of this amount being immediately due as per a notice from UMB Bank [5][6] Group 2: Company Structure and Brands - FAT Brands owns several well-known restaurant brands, including Johnny Rockets, Ponderosa Steakhouse, Great American Cookie, and Twin Peaks [3] - The company's financial structure is complex, with liabilities spread across five securitization trusts and tied to individual brands [6]

Core Insights - iRobot, the maker of the Roomba robotic vacuum cleaner, is facing significant financial difficulties and may be on the verge of bankruptcy [2][3] - The company has struggled to find a buyer after a $1.7 billion acquisition deal with Amazon fell through due to regulatory issues in the European Union [2] - iRobot has expressed substantial doubt about its ability to continue operations for at least the next 12 months, indicating a potential need to cease operations and seek bankruptcy protection if funding is not secured [2] Company Situation - iRobot has sold over 50 million robotic vacuum cleaners globally, indicating a strong market presence [3] - Following the failed acquisition, iRobot's remaining bidders have offered significantly lower prices, and the company is not in advanced negotiations with any potential buyers [2] - The company has warned that without additional funding, it may be forced to significantly reduce or halt operations, leading to a likely bankruptcy filing [2] Implications for Consumers - If iRobot files for bankruptcy, existing Roomba models may still function, but their capabilities would be greatly diminished [3] - The company is expected to stop providing customer support, software updates, and support for smart home integrations that depend on cloud services [3]