TableRock Brewing Co. production facility files for bankruptcy
I had some difficulty finding additional information about this story.Â I wonder if this was another tragic occurrence due to the rise in prices (hops, malts, glass, etc.) or if this was something long time coming.Â With the increasing prices, we expected to see some casualties.
It appears to be a good thing that the Brew Pub is still open, it’s received many favorable responded on pubcrawler.com
Drink Craft Beer, You’ve Earned It!!!
TableRock Brewing Co. files for bankruptcy, but brewpub isn’t closing
by Patrick Orr
TableRock Brewing Co., which runs Boise’s oldest brewpub, filed for chapter 7 bankruptcy July 10, but the filing should not affect TableRock Brewpub & Grill, company owner Mike Fitzgerald said Monday.
The bankruptcy filing is for a bottling plant operation TableRock built and tried to maintain in Meridian in the mid-90s. The brewpub is under a separate business name and is not involved in the bankruptcy filing, Fitzgerald said Monday.
“The pub is not closing. We are brewing beer and continue to brew beer,” Fitzgerald said. “Our catering business is still going. The filing doesn’t affect the brewpub at all.”
According to U.S. District Court records, TableRock Brewpub & Grill has less than $250,000 in total debts, with about $200,000 of that in unpaid federal taxes.
A chapter 7 bankruptcy is a proceeding under federal law in which a person’s assets are turned over to control of a trustee and are usually liquidated and used to pay off outstanding debts.
The bottling plant was active in the mid-90s, but “we built it way too big,” Fitzgerald said, resulting in the closure of the facility in the late 90s.
Fitzgerald said the chapter 7 filing was done this month to separate the brewpub business from the bottling plant business.
TableRock Brewpub & Grill has been open since 1991 and is the oldest of Boise’s four craft brewing operations.
Link to article.