India, Nov. 1 -- Jack's Donuts of Indiana Commissary LLC has filed for Chapter 11 bankruptcy protection. The filing, made on October 29, marks a significant setback for the New Castle-based doughnut chain, known for its 60-year legacy across Indiana.
U.S. Bankruptcy Court for the Southern District of Indiana records show that the commissary has over $14 million in total liabilities and roughly $1.4 million in personal property assets, as reported by WRTV.
Among the listed creditors is Carter Logistics, a transportation company that previously sued Jack's Donuts for more than $700,000, alleging unpaid delivery fees for doughnut shipments across central Indiana.
The financial strain appears to have followed the opening of a large-scale p...
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