Seattle-based bourbon producer 2Bar Spirits has filed for Chapter 11 bankruptcy protection, reporting more than $1.07 million in debts and a sharp decline in revenue. The distillery and tasting room remain open and continue operating, according to TheStreet.
The company, which operates as 2Bar LLC, filed its petition Oct. 30 in the U.S. Bankruptcy Court for the Western District of Washington. Court documents list approximately $156,000 in assets and more than $1.07 million in liabilities, including about $813,000 in secured debt…