Keba Konte, founder of Red Bay Coffee, filed for Chapter 11 bankruptcy due to over $3.3 million in debt caused by pandemic-related hardships and spiraling legal costs.
The financial troubles stemmed from two lawsuits affecting the company: one for alleged sexual harassment and another for breach of contract, contributing to escalating debts.
Despite the bankruptcy, Red Bay Coffee intends to operate as a debtor-in-possession, which indicates that the business will continue running while restructuring its finances.
Founded in 2014, Red Bay Coffee has built its reputation on sustainability and inclusivity in the coffee industry, but ongoing financial issues threaten its future.
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