The Picklr files for Chapter 11 as founder admits lease guarantee mistakes
The Picklr, a rapidly expanding indoor pickleball franchisor, has filed for Chapter 11 bankruptcy in the Northern District of Texas. Founder Jorge Barragan acknowledged that the company’s failure to limit corporate lease guarantees for early franchisees created an unsustainable financial burden. An investor group led by franchisee Tom Neale has committed $4.8 million to sponsor the reorganization, aiming to renegotiate lease terms and preserve the brand’s viability.