A Garner company linked to the founder of a defunct charter school in Raleigh, N.C., has filed for bankruptcy protection, the Triangle Business Journal reported. The company, called S.O.D Holdings, filed for chapter 11 bankruptcy and lists its manager as Donnie McQueen, the entrepreneur behind Torchlight Academy. McQueen registered S.O.D to do business in North Carolina in 2019. The holding company holds the deed for the property that housed Torchlight. The 1.62-acre property – at 3211 Bramer Drive off Atlantic Avenue in northeast Raleigh – is valued at nearly $4 million, according to Wake County property records, and includes the more than 20,000-square-foot building that housed the school. Both S.O.D’s assets and liabilities range between $1 million and $10 million, according to the bankruptcy filing, dated May 5. Creditors include the North Carolina Department of Revenue and North State Bank.
