New Delhi, Nov. 1 -- Popular bakery chain Jack's Donuts has filed for bankruptcy under Chapter 11 of US law, a report said citing court documents.

As per the report by WRTV, the donut chain, based out of Indiana, has filed for Chapter 11 bankruptcy at the US Bankruptcy Court for the Southern District of Indiana.

This comes amid civil lawsuits and court rulings against Jack's Donuts CEO Lee Marcum and his businesses.

Founded in 1961 in New Castle, India, the franchisor of the brand and its commissary on Wednesday said Jack's Donuts of Indiana Commissary has more than 100 creditors and $14.2 million in liabilities, as per WRTV.

The filing further says that Jack's Donuts of Indiana Commissary LLC has total property assets of over $1.4 mi...