SportCo Holdings, Inc., a Chaplin, South Carolina-based marketer and distributor of products for outdoor enthusiasts, filed a petition for relief under chapter 11 in the Bankruptcy Court for the District of Delaware (Lead Case No. 19-11299), along with eight of its affiliates. According to the First Day Declaration, the Debtors are seeking an orderly liquidation of their assets following operational declines. The Debtors have proposed BMC Group to serve as their claims and noticing agent. The Debtors report estimated assets of $0-$50,000 and estimated liabilities of $100,000,001-$500 million. The cases have been assigned to the Honorable Laurie Selber Silverstein.
Contact Norman L. Pernick or G. David Dean for more information regarding this matter.