Popular pickleball franchise files for bankruptcy. Here's what it means for local courts

WASHINGTON — An indoor pickleball facility franchise in North America has filed for bankruptcy as the company seeks to reorganize its finances after what its founder acknowledged was a costly business mistake tied to early lease guarantees. 

Picklr, Inc. filed a voluntary petition for reorganization under Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Northern District of Texas.

According to a press release, the company said an investor group led by one of its franchisees committed $4.5 million in financing. It is subject to court approval.

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