The parent company of Oregon-based Rogue Ales & Spirits has filed for Chapter 7 bankruptcy, with its debt totalling US$16.7 million.
Oregon Brewing Company voluntarily filed for Chapter 7 bankruptcy on 24 November in the US Bankruptcy Court, District of Oregon. The case filing notes that it has a total debt of US$16,763,460.26.
The court document states that it owes large sums of money to several banks including US$1.35m to Northrim Bank.
It has also failed to pay property tax to the Lincoln County Tax Collector for a sum of US$510,827.
Other significant creditors include the Oregon Liquor & Cannabis Commission (US$61,405) and Hops Direct…