Catskill Distilling Co. Ltd., better known to devotees of alcoholic spirits as the Dancing Cat Distillery, has petitioned U.S. bankruptcy court in Poughkeepsie, N.Y., for chapter 11 protection, westfaironline.com reported. The Bethel, N.Y.-based company estimated that assets and liabilities range from $1 million to $10 million. Its largest secured debt is nearly $2.7 million to Jeff Bank. The petition lists $5.3 million in unsecured claims by the 20 largest creditors, including $2.3 million to Stacy Cohen, the company president. Dancing Cat Distillery opened in 2011, with financial assistance from the Sullivan County Industrial Development Agency. It operates the Dancing Cat Saloon and the Stray Cat Gallery and plays off its proximity to the nearby dairy farm made famous by the 1969 Woodstock Festival.
