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For there to be such a disparity between assets and liabilities implies; at best, disreputable behavior. I am guessing a good portion of those liabilities are with manufacturers and/or their distributors. This may result in other hobby industry companies rolling over. I would like to really speak my mind here but we have already been put on notice about inflammatory comments.
As posted on HyperScale:
Chapter 7 Bankruptcy filed.
Court Texas Northern Bankruptcy Court
Case number 3:2021bk30105
Assets $500,001 to $1 million
Liabilities $10,000,001 to $50 million
Judge Michelle V. Larson
Chapter 7 Filed Jan 19, 2021
Updated Jan 20, 2021
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