HENRY COUNTY, Ind. -- Jack's Donuts of Indiana Commisarry LLC has officially filed for Chapter 11 bankruptcy.

According to court documents filed Wednesday in the U.S. Bankruptcy Court for the Southern District of Indiana, Jack's Donuts of Indiana Commisarry has over $14 million in total liabilities. The bankruptcy filing also states that the commissary has over $1.4 million in personal property assets.

Multiple creditors are featured in the listing, including Carter Logistics, a transporting company that sued Jack's Donuts of Indiana Commisarry in April. The company claimed they were owed over $700,000 for failing to pay for the delivery of donuts throughout central Indiana.

Chapter 11 bankruptcy permits corporations to propose a plan of reorganization under court supervision in an effo

See Full Page