Overview
- The company filed its Chapter 11 petition on Oct. 24 in the U.S. Bankruptcy Court for the Northern District of Texas, with a hearing scheduled for Oct. 29 on paying employees and suppliers, though no outcome has been reported.
- Court filings show assets of roughly $100,000–$500,000 against $1 million–$10 million in liabilities, indicating insolvency.
- Leadership says the business remains open and is fulfilling orders under court supervision during restructuring.
- Executives say they timed the filing after completing Halloween commitments to minimize disruption for customers.
- The small, woman‑owned distributor cites pandemic fallout, rising costs and inflation, and competition from Amazon and Walmart as key pressures.