Morris Nichols Bankruptcy Alert - Performance Powersports Group Investor, LLC and Certain of Its Affiliates File Chapter 11 Bankruptcy Cases in Delaware
On January 16, 2023, Performance Powersports Group Investor, LLC and certain of its affiliates filed voluntary petitions under Chapter 11 of the United States Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. As a courtesy to our clients and friends, the Morris Nichols Business Reorganization & Restructuring Group has summarized information related to the filings below.
Lead Case No. – 23-10047-LSS
Debtors – Performance Powersports Group Purchaser, Inc.; Performance Powersports Group, Inc.; Performance Powersports Group Holdings, Inc.; Performance Powersports Group Investor, LLC
Description of Debtors – A wholesale supplier of dirt bikes and other off-road vehicles
Website of Debtors (URL) – colemanpowersportsusa.com
Assigned Judge – The Honorable Laurie Selber Silverstein
Proposed Counsel – The Debtors‘ proposed bankruptcy counsel is Klehr Harrison Harvey Branzburg LLP.
Plan Status – No plan filed with petitions
First Day Hearing – A first day hearing will take place on January 18, 2023 at 10:00 a.m. (ET).
Bankruptcy Documents –
Please do not hesitate to contact any member of the Morris Nichols Bankruptcy & Restructuring Group if we can be of assistance.