BTB Wood Fired Pizza Bar & Grill, a family-friendly restaurant and sports bar in New York, has filed for Chapter 11 bankruptcy protection. The move comes as restaurants across the U.S. are facing a downward trend.
Case records show that the company is currently facing a financial imbalance as total liabilities are much higher than its assets. It has also reported unsecured creditor claims of more than $116,000.
BTB Pizza Inc. Files for Chapter 11
Case filings, as available on PACER, show that BTB Pizza Inc. voluntarily submitted its petition on June 4, 2026. Court filings indicate the company currently operates as BTB Wood Fired Pizza Bar & Grill. The restaurant’s menu features wood-fired pizzas, wings, burgers, wraps, salads, and Italian-inspired dishes.
Equipped with 50-plus televisions, the establishment serves as a sports-oriented venue as well.
After qualifying as a small business debtor, the company elected to proceed under Subchapter V of Chapter 11. The filing comes against the backdrop of rising prices and declining consumer traffic in restaurants.
According to a study by S&P Global, the prices of food-away-from-home rose 4% between January 2025 and January 2026. Over 60% of restaurant operators said that they experienced a drop in consumer traffic last year. 42% of them stated that their businesses were not profitable in 2025.
The 2026 study also found that there has been a decline in spending at pizza restaurants for three straight years.
Highlights from the Petition
Attorney Raymond C. Stilwell of the Law Offices of Raymond C. Stilwell is the legal counsel in the case. Company president Constance MacLeod is the authorized representative for the company.
Case filings show that the company submitted a summary of assets and liabilities, which indicates that it owes substantially more than it owns. While the liabilities of BTB Pizza Inc. are over $323,000, its assets are estimated between $0 and $50,000.
The company also submitted a list of its largest unsecured creditors. It includes Evans Fox LLP, Wright Wisner Beverage, and NYS Department of Tax & Finance.
Court filings suggest that funds will be available for payment to the unsecured creditors.
The company’s document filings further included a statement of financial affairs, which shows the changes in its gross revenue from 2024 to the date of filing.
The list of equity security holders showed that Connie McLeod fully owns the company.
The company also submitted a corporate ownership statement and a business income and expenses statement.
A summary of the Chapter 11 petition is shared here:
- Filing Date: June 4, 2026
- Court and Jurisdiction: U.S. Bankruptcy Court for the Western District of New York
- Type of Filing: Active, Voluntary Petition
- Chapter: 11, Subchapter V
- Case Number: 26-20422
- Estimated Assets: Between $0 and $50,000
- Estimated Liabilities: Between $100,001 and $500,000
- Estimated Creditors: Between 1 and 49
- Reason for Filing: Restructure business under court supervision
The latest filing highlights a growing financial strain affecting U.S. restaurants. The Chapter 11 process is designed to allow BTB Pizza Inc. to restructure its finances while continuing normal business operations.
