Instant Pot

Instant Pot Maker Files for Bankruptcy

Despite the bankruptcy filing, Instant Brands remains committed to delivering its popular products to consumers. This includes the Instant Pot, as well as sibling brands like Corelle, CorningWare, and Pyrex. To facilitate its restructuring efforts during the bankruptcy process, the company has secured a promise of $132.5 million in financing, which will be used to pay creditors. However, final approval for this financing is subject to the court’s decision.