Xtreme Sports Group Chattanooga, LLC has filed for Chapter 11 bankruptcy in the Northern District of Texas. The company officially filed on October 1.
Xtreme Sports Group Files for Protection Against Bankruptcy
Xtreme Sports Group is using the Small Business Subchapter V process, a type of Chapter 11 that allows companies to reorganize while keeping operations running. The company must submit its Chapter 11 plan by December 30, 2025.
According to Pacermonitor, Xtreme Sports Group lists assets between $500,001 and $1 million and liabilities of $1 million to $10 million, with 1-49 creditors. The case number is 4:25-bk-43798. The company has asked the court to approve motions allowing it to pay key vendors, maintain cash management, and continue using its existing bank accounts.
The motions cover paying pre-petition debts to key vendors, keeping its cash management system, and continuing use of current bank accounts. An expedited hearing on these requests is scheduled for October 6, 2025.
A creditors’ meeting under Section 341(a) is set for November 7, 2025. The creditors can review claims and discuss the company’s reorganization plan.
Proofs of claim are due by December 10, 2025, with government claims due March 30, 2026. The company is also preparing detailed financial filings, including schedules of assets and liabilities, statements of financial affairs, and cash flow reports.
The filing provides insight into Xtreme Sports Group’s finances and moves the Chapter 11 reorganization forward. It continues to operate during the bankruptcy process while working with the court on its reorganization plan.
