Openings & Closings

Flying Fish Brand, Assets Auctioned Off

Flying Fish Brand, Assets Auctioned Off

Baltimore-based Guilford Hall Brewery has acquired the Flying Fish brand, recipes, trademarks, and wholesaler agreements through a bankruptcy auction, according to NJ Advance Media.

Craft Beer Cellar Files for Chapter 7 Bankruptcy Liquidation

Craft Beer Cellar Files for Chapter 7 Bankruptcy Liquidation

The founders of the Craft Beer Cellar retail franchise and its flagship retail store and restaurant have filed for Chapter 7 bankruptcy liquidation for both business entities (Craft Beer Cellar Group and Craft Beer Initiative LLC), according to filings in the U.S. Bankruptcy Court for the District of Massachusetts.

Flying Fish Files for Bankruptcy; Creditor Calls for Liquidation

Flying Fish Files for Bankruptcy; Creditor Calls for Liquidation

Nearly seven months after the dissolution of its proposed merger with Cape May Brewing, Flying Fish Brewing filed for Chapter 11 bankruptcy late last month. The brewery listed nearly $9.3 million owed to secured and unsecured creditors and nearly $1.3 million in assets, according to documents filed in the U.S. Bankruptcy Court for the district of New Jersey.

Bankruptcy or ABC? Inside Haus’ Breakup Mechanism

Bankruptcy or ABC? Inside Haus’ Breakup Mechanism

Last week, low-alc aperitif brand Haus announced that it would shut down after a funding round fell through, leaving the company without the necessary cash on hand to continue operating. But rather than filing for federal Chapter 7 or Chapter 11 bankruptcy protections, the California-based brand instead looked to a different type of common law bankruptcy procedure known as an Assignment for the Benefit of Creditors, or an “ABC.”

Colorado’s Fate Brewing Company Files for Bankruptcy

Colorado’s Fate Brewing Company Files for Bankruptcy

Yet another small brewery has found itself in financial trouble. The parent company of Boulder, Colorado-based Fate Brewing Company, Fate Restaurants LLC, has filed for Chapter 11 Bankruptcy protection. According to the November 1 filing, Fate owes more than 50 creditors between $1 million and $10 million. The company also claims between $1 million and $10 million in estimated assets.