Overview
- North County Pizza, Inc., which owns one Domino’s location in Oceanside, California, filed a voluntary Chapter 11 petition on March 11 in the Southern District of California.
- The petition estimates total liabilities between $1,000,001 and $10 million and lists multiple banks and Domino’s headquarters as creditors.
- Debts to the 20 largest unsecured creditors exceed $3.3 million, according to the filing.
- Chapter 11 reorganization could allow the Oceanside store to keep operating during the proceedings.
- Domino’s declined to comment and the franchisee did not respond to inquiries, as the case proceeds alongside planned Pizza Hut closures and a recent Popeyes franchisee bankruptcy.