Filing Alert: Triple Sticks Foods Chapter 11

Update (Apr. 17, 2026): A comprehensive case summary is now available for the Chapter 11 bankruptcy filing of Triple Sticks Foods, LLC.

Triple Sticks Foods, LLC, a Belleville, IL-based contract manufacturer of frozen food products, filed for Chapter 11 protection on Apr. 16 in the U.S. Bankruptcy Court for the Southern District of Illinois.

The company attributes its liquidity crisis to rising material costs, production and supply-chain constraints, procurement-related cash shortfalls that pushed certain vendors to C.O.D. terms, and abrupt customer attrition, including a summer 2025 breach of a manufacturing agreement by a customer that allegedly terminated without the required six months’ notice. Distress was further compounded by a 2025 pizza-line expansion undertaken for a substantial prospective retail customer, which left the debtor with roughly $750,000 of financed equipment and related ramp-up costs after that customer withdrew in February 2026. To cover resulting liquidity gaps, the company relied on merchant cash advance facilities carrying approximately $18,000 to $19,000 in weekly debt service. The filing was precipitated in part by MCA creditors’ attempts to redirect customer payments prepetition, which the debtor says threatened an immediate shutdown.

In chapter 11, the debtor seeks to stabilize operations and preserve value through a going-concern sale process. Ravinia Capital, retained prepetition, has already conducted a sale and marketing effort and the debtor reports advanced discussions with a potential stalking-horse candidate. To fund operations and complete work-in-process, the debtor seeks authority to use cash collateral and proposes adequate protection for the SBA, which it says is owed approximately $385,880 and is oversecured, through junior replacement liens and monthly non-default interest payments, while arranging anticipated postpetition financing. The debtor also intends to investigate whether the MCA arrangements—described elsewhere in the papers as approximately $120,000 or $129,500 outstanding as of the petition date—are in substance true loans that could support claims for fraudulent transfer, usury, unfair trade practices, or related relief, and it is separately evaluating potential prepetition breach-of-contract claims against the customer that terminated in summer 2025.

Triple Sticks Foods, LLC reports $1 million to $10 million in assets and $10 million to $50 million in liabilities. The filing indicates that there will be funds available for distribution to unsecured creditors. The case number is 26-30341.

Key Parties

Counsel:

• Eric C. Peterson
  Spencer Fane LLP
  Email: [email protected]

Financial Advisor:

• Dawi Consulting, LLC

Conflicts Counsel:

• The Desai Law Firm

Investment Banker:

• Ravinia Capital, LLC

Signatories:

• Joseph Trover – Principal

Bondoro Insights is continuing to monitor this case and will provide further coverage as appropriate.

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