Figueroa Mountain Brewing Company, the Buellton-based craft brewer, filed for Chapter 11 bankruptcy reorganization on Oct. 5. The second largest craft brewer in our area announced plans to restructure its debts and bring in a new financial partner. Before the onset of the COVID-19 pandemic, the company’s production was about half bottled beer and half draft beer, the latter being more profitable. After the pandemic began the draft beer business slowed dramatically and the business had trouble fulfilling orders for packaged beer. Consequently Figueroa Mountain saw a double-digit percentage drop in revenue this year though the fourth quarter is expected to be in the pre-pandemic range. A debt reorganization will allow Figueroa Mountain to restructure its company to focus on sales of packaged beer. Figueroa Mountain intends to continue all restaurant and brewery operations and will not discontinue any of its current beers.