A craft barbecue restaurant in Asbury Park, NJ, has turned to bankruptcy. The decision comes as the restaurant business faces a significant gap between its assets and liabilities.
Mutiny BBQ Company LLC is restructuring in an effort to stabilize its finances. Operations are expected to continue during the court process, allowing the restaurant to remain open to customers.
Mutiny BBQ Company LLC Seeks Chapter 11 Protection
The Asbury Park-based restaurant, which serves briskets, pulled pork, St. Louis ribs, and other items, submitted its petition on April 29, 2026.
Case filings, as available on PACER, classify it as a small business debtor, which has chosen to move ahead under Subchapter V of Chapter 11. Attorney Jonathan Goldsmith Cohen of I. Mark Cohen Law Group is its legal counsel in the U.S. Bankruptcy Court for the District of New Jersey.
The company’s assets are listed at up to $50,000, while liabilities are estimated between $100,001 and $500,000
Highlights from the Filing
Case filings note that Thomas Dunphy IV, the owner of the restaurant business, signed the petition before it was filed. The petition shows a list of creditors who have the 20 largest unsecured claims and are not insiders. Some of these creditors include Alternative Funding Group Corp., American Express, and United First, LLC.
Court records indicate that unsecured creditors will not be offered funds after administrative expenses are paid.
Below are details of the Chapter 11 petition in a summarized format:
- Filing Date: April 29, 2026
- Court and Jurisdiction: U.S. Bankruptcy Court for the District of New Jersey
- Type of Filing: Active, Voluntary Petition, Subchapter V
- Chapter: 11
- Case Number: 26-14759-EJO
- Estimated Assets: Between $0 and $50,000
- Estimated Liabilities: Between $100,001 to $500,000
- Estimated Creditors: Between 1 and 49
- Reason for Filing: Restructure business under court supervision
Case details add that the business had earlier Chapter 11 proceedings on March 18, 2026. As per case 26-12938-EJO, the process was taking place in the U.S. Bankruptcy Court for the District of New Jersey (Trenton division).
About the Company
Based in coastal New Jersey, the craft smokehouse offers specialized small-batch barbecue offerings infused with the Southern tradition. Food techniques and flavors at Mutiny BBQ Company LLC are inspired by Texas, Kansas City, the Carolinas, Louisiana, and Memphis.
According to its website, the restaurant business has appeared on Diners, Drive-Ins and Dives (on Food Network). Publications, including New Jersey Monthly, NJ.com, The Asbury Park Press, and Texas Monthly, have praised the business as well.
As of now, Mutiny BBQ Company LLC has not shared with diners regarding its Chapter 11 filing. Regardless, court rulings based on its document filings in the court are expected to shape its path towards reorganization.
