Adrienne & Co. Bakery, the Jeffersonville institution known for wedding cakes and a birthday cake once made for Muhammad Ali, has filed for Chapter 11 bankruptcy protection after years of shrinking from a four-store regional network down to a single shop on Court Avenue. The filing allows the bakery to reorganize its debt while continuing to operate, even as court records show the company has yet to submit several required financial disclosures.
According to WDRB, the bakery reported between $1 million and $10 million in liabilities and between $500,001 and $1 million in assets, with 50 to 99 creditors listed in the filing. Court records reviewed by the station show the petition was filed August 5 in the U.S. Bankruptcy Court for the Southern District of Indiana's New Albany Division, according to the U.S. Bankruptcy Court Southern District of Indiana. The case was assigned number 4:26-bk-90871 before Bankruptcy Judge Andrea K. McCord, and the filing does not specify a government claim submission deadline.
Legal Counsel and a Court-Appointed Trustee
New Albany attorney James F. Guilfoyle of Hutson Guilfoyle LLP is representing the bakery in the proceedings, while the cited records do not identify a case trustee. The filing was submitted under Subchapter V of Chapter 11, a streamlined reorganization option for small businesses that carries an active debt eligibility threshold of $3,424,000 for cases filed this year, per Saul Ewing LLP.
The timing is notable: just two days before the bakery filed, the U.S. Senate unanimously passed the Bankruptcy Threshold Adjustment Act of 2026 on August 3, a bill that would permanently restore the Subchapter V debt cap to $7.5 million for small business reorganizations but still required House and executive approval, according to Bernstein Shur. Temporary pandemic-era debt cap increases had expired in June 2024 before Congress moved to reinstate higher limits this month.
Deadlines Loom Over the Case
Court records cited by the station show the bakery has not yet filed several required financial disclosures and bankruptcy schedules, including a statement of financial affairs, an attorney compensation disclosure, schedules of assets and liabilities, an income and expense schedule, and verification of its creditors. The clerk of the bankruptcy court issued a deficiency notice on August 6 requiring the bakery to submit a balance sheet, a cash-flow statement, a statement of operations, a list of secured creditors, and its most recent tax return, with that tax-return deadline landing the day before the filing was reported. The bakery has until August 19 to file the additional documents.
If the required paperwork is not filed by the deadlines and no extension is granted, the bankruptcy case could be dismissed without further notice.
From One Cake Shop to a Four-Store Network — and Back
Founder Adrienne Holland started the bakery in 2001, and it grew over two decades into a family-run operation co-owned and operated alongside her brother, Bernie Pasquantino, according to WHAS-TV. At its peak, the bakery ran four locations, including one in Floyds Knobs. Holland has also won multiple blue ribbons at the Kentucky State Fair and once made a birthday cake for Muhammad Ali.
The bakery now operates its sole storefront on Court Avenue in Jeffersonville. Beyond retail pastry sales, the business offers wedding cake production and event catering, according to The Knot.
A Wider Squeeze on Regional Food Businesses
Even amid the financial strain, the bakery stayed visible in the community. In February, it launched a charitable campaign selling custom Punch the Monkey decorated cookies to raise funds for the nearby Louisville Zoo after an orphaned monkey story went viral online, a promotion the bakery had used before to drive foot traffic around local events.
The filing reflects financial strain at the bakery as it works to keep its remaining storefront open.
