Big Rock Sports Declares Bankruptcy Amidst Over $100 Million in Liabilities
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A significant player in the gun and outdoor sporting goods sector, Big Rock Sports, LLC, has recently filed for Chapter 7 bankruptcy liquidation in the U.S. Bankruptcy Court for the Eastern District of North Carolina. This filing has been confirmed through court documents obtained by FOX Business.
Based in North Carolina, Big Rock Sports reported liabilities exceeding $100.9 million, while its estimated assets range between $10 million and $50 million. The bankruptcy filing does not detail the specific reasons behind the liquidation; however, it suggests that the company faced an overwhelming number of lawsuits from property owners, suppliers, and business partners, as reported by SBG Media.
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A collection of rifles (iStock / iStock)
According to SBG Media, approximately $83 million in unsecured claims are anticipated to remain unpaid. The company’s website is currently inaccessible, but archived versions indicate that Big Rock Sports served over 20,000 retailers in various sectors, including fishing, shooting, camping, taxidermy, and marine industries.
Big Rock Sports claimed to operate across the U.S., Canada, the Caribbean, and eight other countries. The company also reported partnerships with around 1,200 vendors and managed approximately 850,000 square feet of distribution space in warehouses located in North Carolina, Minnesota, and Nevada.
“Although Big Rock is one of the largest outdoor sporting goods distributors in North America, we’re much more than that,” the company stated on its website. “We offer an exclusive array of tools and resources that are designed to give retailers a competitive edge.”
Tracing its origins back to 1955, Big Rock Sports began as All-Sports Supply in Portland, Oregon.
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A fisherman is pictured on a boat. (iStock / iStock)
The company emphasized its long-standing history, stating, “The history of Big Rock Sports goes back more than 60 years to the founding of All-Sports Supply in Portland, [Oregon].” It highlighted that during its early years, the sporting goods industry was much more personal, with distributors knowing their retailers and their families.
Prior to the U.S. bankruptcy filing, Big Rock Sports’ Canadian subsidiary was also liquidated, as reported by The Street.
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As of now, Big Rock Sports has not responded to requests for comment from FOX Business.
Check out what’s clicking on FoxBusiness.com.
A significant player in the gun and outdoor sporting goods sector, Big Rock Sports, LLC, has recently filed for Chapter 7 bankruptcy liquidation in the U.S. Bankruptcy Court for the Eastern District of North Carolina. This filing has been confirmed through court documents obtained by FOX Business.
Based in North Carolina, Big Rock Sports reported liabilities exceeding $100.9 million, while its estimated assets range between $10 million and $50 million. The bankruptcy filing does not detail the specific reasons behind the liquidation; however, it suggests that the company faced an overwhelming number of lawsuits from property owners, suppliers, and business partners, as reported by SBG Media.
NEARLY 100-YEAR-OLD CANDY COMPANY FILES FOR BANKRUPTCY AMID RISING COSTS, HEAVY DEBT: REPORT
A collection of rifles (iStock / iStock)
According to SBG Media, approximately $83 million in unsecured claims are anticipated to remain unpaid. The company’s website is currently inaccessible, but archived versions indicate that Big Rock Sports served over 20,000 retailers in various sectors, including fishing, shooting, camping, taxidermy, and marine industries.
Big Rock Sports claimed to operate across the U.S., Canada, the Caribbean, and eight other countries. The company also reported partnerships with around 1,200 vendors and managed approximately 850,000 square feet of distribution space in warehouses located in North Carolina, Minnesota, and Nevada.
“Although Big Rock is one of the largest outdoor sporting goods distributors in North America, we’re much more than that,” the company stated on its website. “We offer an exclusive array of tools and resources that are designed to give retailers a competitive edge.”
Tracing its origins back to 1955, Big Rock Sports began as All-Sports Supply in Portland, Oregon.
RESTAURANT GIANT FILES FOR BANKRUPTCY UNDER MASSIVE DEBT SHORTLY AFTER TOUTING MAJOR EXPANSION
A fisherman is pictured on a boat. (iStock / iStock)
The company emphasized its long-standing history, stating, “The history of Big Rock Sports goes back more than 60 years to the founding of All-Sports Supply in Portland, [Oregon].” It highlighted that during its early years, the sporting goods industry was much more personal, with distributors knowing their retailers and their families.
Prior to the U.S. bankruptcy filing, Big Rock Sports’ Canadian subsidiary was also liquidated, as reported by The Street.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
As of now, Big Rock Sports has not responded to requests for comment from FOX Business.
