A national candy company has filed for Chapter 11 bankruptcy, just days before Halloween .

Candy Warehouse submitted a petition to the U.S. Bankruptcy Court for the Northern District of Texas, Dallas Division, on Friday, Oct. 24, reporting higher liabilities than assets and an inability to pay its debts. The online distributor, which operates as CandyWarehouse.com, is based in Sugar Land, Texas.

According to federal court documents , the company has $100,000 to $500,000 in assets against liabilities that range from $1 million to $10 million.

Candy Warehouse president Mimi Kwan said in a statement that the company is seeking to restructure its debts and remain in business “serving our customers and partners long into the future.”

“It is important to emphasize that this is a reorgani

See Full Page