A Titusville, Florida-based gourmet soul food restaurant has filed for bankruptcy protection. Loyd Have Mercy LLC, the debtor, has been serving diners through holidays, sports, fundraising events, and more for years.
Case records do not explicitly mention a reason that may have led to the Chapter 11 filing. Operations are expected to continue normally, with the restaurant still serving customers.
Loyd Have Mercy LLC Enters Bankruptcy
The debtor voluntarily submitted its petition on May 26, 2026, bringing a notable point in the culinary scene of Titusville, Florida. Andrew R. Loyd, the authorized representative, signed the petition prior to filing.
As per case records available on the PACER database, Loyd Have Mercy LLC met the requirements of a ‘small business debtor’ and elected to move ahead using Subchapter V.
These Chapter 11 Subchapter V filings are designed to provide a faster, more cost-efficient restructuring process.
According to its Instagram page, the restaurant has served customers since 2008, offering group dining, catering, and event services.
Case Details
The petition filed by Loyd Have Mercy LLC indicates that the company submitted a statement regarding the absence of financial records and tax returns.
In a declaration by Andrew R. Loyd, it is stated that the debtor has internally prepared profit and loss statements covering the period from November 2025 through April 2026. These statements reflect the operations of the restaurant business, including gross receipts, payroll, utilities, mortgage obligations, taxes, net operating income, and expenses related to food and vendors.
The declaration adds that the debtor needs time to complete preparing formal balance sheets or cash flow statements. In addition, it has not completed its federal income tax returns as well.
Other document filings included a list of the largest unsecured creditors of Loyd Have Mercy LLC. Some of these are FC Marketplace, LLC, American Express, and Merchant Finding Metrics, LLC.
Court filings indicate that funds will be available for distribution to the unsecured creditors.
Other details from the Chapter 11 petition are summarized here:
- Filing Date: May 26, 2026
- Court and Jurisdiction: U.S. Bankruptcy Court for the Middle District of Florida
- Type of Filing: Active, Voluntary Petition
- Chapter: 11, Subchapter V
- Case Number: 6:26-bk-03854-LVV
- Estimated Assets: Between $100,001 and $500,000
- Estimated Liabilities: Between $100,001 and $500,000
- Estimated Creditors: 1-49
- Reason for Filing: Restructure business under court supervision
The latest filing initiates a noteworthy financial reorganization phase for the longtime restaurant business. While there are current gaps in formal financial records and pending tax filings, its regular operations are expected to remain functional during the proceedings.
