Sacramento-based restaurant operator JIB Foods Inc., which does business as Pete’s Restaurant & Brewhouse, has filed for voluntary bankruptcy under Chapter 11 in the U.S. Bankruptcy Court for the Eastern District of California.
JIB Foods Inc., which operates Pete’s Restaurant & Brewhouse, is the debtor listed in the filing. While the company’s principal business address corresponds to the Arden Way location, the Chapter 11 filing applies to the corporate entity as a whole.
Court records show the business filed for bankruptcy on February 4, 2026. Official Form 201 lists Downey Brand LLP as counsel for the debtor.
The Chapter 11 filing places the company under court supervision as it seeks to reorganize its finances while continuing operations.
- Type of filing: Voluntary petition for bankruptcy
- Chapter: 11
- Industry: Restaurants and Other Eating Places
- Case number: 2:26-bk-20624
- Estimated assets: $1 million to $10 million
- Estimated liabilities: $1 million to $10 million
- Estimated number of creditors: One to 49 creditors
- Reason for filing: Not mentioned
The filing indicates that funds are expected to be available for distribution to unsecured creditors after administrative expenses are paid.
JIB Foods Inc. is listed as the debtor in the filing, doing business as Pete’s Restaurant & Brewhouse. Inderdeep Bassi is identified in the petition as the company’s CEO and CFO.
The petition lists the company’s principal address as 2100 Arden Way, Suite 123, in Sacramento, which corresponds to the Pete’s Arden location.
JIB Foods Inc. is structured as a corporation and classified under NAICS code 7225, which covers restaurants and other eating places. The petition states the company has not filed for bankruptcy within the past eight years.
The case was filed under Chapter 11 of the U.S. Bankruptcy Code, a process that allows businesses to restructure debt while continuing operations.
The filing identifies the business as a small business debtor and indicates it has elected to proceed under Subchapter V of Chapter 11.
Court records indicate the business has not yet filed certain documents required to complete the case. On February 5, the court issued a Notice of Incomplete Filing and a Notice of Intent to Dismiss if the missing materials are not submitted.
The business has not yet filed certain documents required to complete the case, according to PACER. On February 5, the court issued a Notice of Incomplete Filing and a Notice of Intent to Dismiss if the missing materials are not submitted.
The missing documents include a statement of financial affairs, schedules of assets and liabilities, and detailed listings of property, creditors, executory contracts, unexpired leases, co-debtors, and equity holders.
Pete’s Restaurant & Brewhouse has operated in the Sacramento area since 1987, beginning as a small pizza restaurant at the corner of J Street and 20th Street. Over the years, the business expanded into a broader casual dining concept offering pizza, pasta, burgers, beer, and cocktails, according to the company’s website and social media descriptions.
The company describes its Arden Way restaurant as its flagship location. According to Pete’s, the site includes approximately 10,000 square feet of indoor space, a 2,500-square-foot patio, a full bar, and a private event area across two levels.
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