{"id":19533,"date":"2026-11-01T21:34:30","date_gmt":"2026-11-01T21:34:30","guid":{"rendered":"https:\/\/stock999.top\/?p=19533"},"modified":"2026-11-01T21:34:30","modified_gmt":"2026-11-01T21:34:30","slug":"global-award-winning-whiskey-company-files-chapter-11-bankruptcy","status":"publish","type":"post","link":"https:\/\/stock999.top\/?p=19533","title":{"rendered":"Global award-winning whiskey company files Chapter 11 bankruptcy"},"content":{"rendered":"<p><img src=\"https:\/\/www.thestreet.com\/.image\/NDA6MDAwMDAwMDAzMjI5ODE5\/pouring-glasses-of-whiskey.jpg?profile=rss\" \/><\/p>\n<p>A decline in consumer alcohol consumption has contributed to a decrease in sales of spirits and a drop in revenue at distilleries, such as Seattle-based 2Bar Spirits.<\/p>\n<p>American adults have been drinking less alcohol in 2026 for the second straight year, as only 54% of U.S. adults ages 18 and over said they drink alcoholic beverages, matching the all-time low from 2025, the lowest number since 1939.<\/p>\n<p>The share of American drinkers has declined significantly since 2022 when 67% of U.S. adults drank alcohol, according to Gallup&#x2019;s Consumption Habits survey.<\/p>\n<p>The decline in consumption also led to a drop in supplier sales in the spirits industry, as sales fell by 2.2% in 2025 to $36.4 billion, according to the&#xA0;Distilled Spirits Council of the United States. <\/p>\n<p>When distillery sales drop, so does revenue. If the decrease in revenue is significant, it can lead to a bankruptcy filing.<\/p>\n<p>Declining revenues are among the financial issues facing 2Bar Spirits, which filed for Chapter 11 bankruptcy.<\/p>\n<p>Shutterstock<\/p>\n<p>2Bar Spirits files for bankruptcy<\/p>\n<p>Bourbon whiskey distillery 2Bar LLC filed for Chapter 11 bankruptcy to reorganize, facing a significant decline in revenue, which fell from over $489,000 in 2025 to over $182,000 in the first 10 months of 2026, according to court papers.  The company generated over $381,000 in gross revenue in 2024.<\/p>\n<p>2Bar did not indicate a specific reason for filing for bankruptcy in its Chapter 11 petition. The debtor&#x2019;s distillery and tasting room continue operating as usual.<\/p>\n<p>Founder and owner Nathan Kaiser, who opened the distillery in 2010, was not immediately available for comment.<\/p>\n<p>The debtor filed its petition in the U.S. Bankruptcy Court for the Western District of Washington on Oct. 30, listing about $156,000 in assets and over$1.07 million in debts, including about $813,000 in secured claims.<\/p>\n<p>2Bar&#x2019;s secured creditors include Washington Trust Bank, owed over $634,000; Small Business Administration, owed over $124,000; and TD Auto Finance, owed over $53,000.<\/p>\n<p>The debtor&#x2019;s largest unsecured creditors include Bank of America, owed over $54,000, American Express, owed over $47,000; US Bank, owed over $45,000; and Discover Financial Services, owed over $9,000.<\/p>\n<p>Family distilled moonshine in Prohibition<\/p>\n<p>2Bar&#x2018;s name was inspired by Kaiser&#x2019;s family ranch in South Texas, which produced moonshine during Prohibition, according to the company&#x2019;s website.<\/p>\n<p>Today, 2Bar&#x2019;s all-woman production team uses Pacific Northwest grain to distill its spirits at one of the first distilleries in Seattle to produce bourbon, the company&#x2019;s website said.<\/p>\n<p>The distiller&#x2019;s bourbon whiskey has been recognized for its top quality as it was awarded Superior Gold Winner at the Tokyo Whisky &amp; Spirits Competition in 2025, according to 2Bar&#x2019;s Instagram post. <\/p>\n<p>Company offers 4 different bourbons<\/p>\n<p>The distillery produces four bourbon whiskies: 2Bar Straight Bourbon Whiskey 40% ABV aged over three years, 2Bar Straight Bourbon Whiskey 50% ABV aged over four years, Wine Barrel Finished Straight Bourbon Whiskey 45% ABV aged over three years, and Amaretto Barrel Finished Straight Bourbon Whiskey 45% ABV aged over three years.<\/p>\n<p>2Bar&#x2019;s products are available at various Walmart, Albertsons, Safeway, Fred Meyer, Trader Joes, Total Wine, and BevMo stores, and over 50 other retailers throughout Washington.<\/p>\n<p>Other distillers filed for bankruptcy<\/p>\n<p>The bourbon maker&#x2019;s bankruptcy follows other spirits distilleries&#x2019; Chapter 11 filings in 2026, including Legends brands distiller Spirits of the USA LLC, which filed its Chapter 11 petition on May 15; and Alton Distillery parent SVG 26 LLC, which filed bankruptcy on April 15. <\/p>\n<p>Several distillers have filed for Chapter 7 liquidation as well, including Humble Baron on Sept. 14, 2026, and Rotten Little Bastard Distillery parent RLB Distillery Company, which filed on March 10, 2026.<\/p>\n<p>&#x201C;While total U.S. spirits sales edged down 2.2% in 2025, the spirits industry remains resilient, driven by innovative products that continue to spark consumer interest,&#x201D; said Chris Swonger, CEO of the Distilled Spirits Council.<\/p>\n<p>&#x201C;Against a challenging backdrop of weakening consumer confidence and persistent economic pressures, American adults continue to choose distilled spirits, with ready-to-drink cocktails standing out as a clear favorite,&#x201D; Swonger said.<\/p>\n<p align=\"center\">Related: Grand Canyon hotel files for Chapter 11 bankruptcy<\/p>\n<p>#Global #awardwinning #whiskey #company #files #Chapter #bankruptcy<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A decline in consumer alcohol consumption has contributed to a decrease in sales of spirits&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[259],"tags":[2500,897,896,865,895,423,7087],"_links":{"self":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts\/19533"}],"collection":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19533"}],"version-history":[{"count":0,"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts\/19533\/revisions"}],"wp:attachment":[{"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19533"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19533"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19533"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}