Pittsburgh, Pennsylvania-based Ferrari Importing, Inc., doing business as GAMMA Sports, has officially filed for bankruptcy. The racquet sports equipment manufacturer, founded in 1974, is proceeding as a “small business debtor.
Ferrari Importing, Inc. Seeks Bankruptcy Protection
Ferrari Importing, Inc., filed for Chapter 11 on March 17, 2026, in the U.S. Bankruptcy Court for the Western District of Pennsylvania.
Court filings show that attorney Jason Ott of FBT Gibbons is representing the company. Filing details add that Matthew Ferrari, the company’s president, is the authorized representative who signed the petition.
About the Company
The 50-year-old company, founded by Dr. Harry Ferrari, manufactures tennis and pickleball equipment under the GAMMA Sports brand. The family-owned and operated company designs and manufactures paddles, grips, strings, and other accessories.
Based in Pittsburgh, the company operates in-house research and development facilities. Its on-site courts are used to test and refine products.
According to the company website, it has five decades of experience in racquet sports. Its GAMMA Gut string was ranked No. 1 by the United States Racquet Stringers’ Association for 23 years. The company has partnered with organizations such as the Professional Pickleball Registry and AIM7, supporting player development and training initiatives.
Case Related Details
RK Consultants reports that Ferrari Importing, Inc. is a small business debtor as defined in 11 U.S.C. § 101(51D), and it has filed to proceed under Subchapter V of Chapter 11.
Case filings add that the aggregate noncontingent liquidated debts of the racquet sports-based manufacturing company are less than $3,424,000. This threshold excludes insider or affiliate debt and is adjusted periodically under federal guidelines.
The company reports between 50 and 99 creditors. Court filings suggest that funds will be available for distribution to the unsecured creditors.
A few more key details listed in the petition are:
- Filing Date: March 17, 2026
- Court and Jurisdiction: U.S. Bankruptcy Court for the Western District of Pennsylvania
- Type of Filing: Active, Voluntary Petition, Subchapter V
- Chapter: 11
- Case Number: 26-20738
- Estimated Assets: $1,000,000-$10 million
- Estimated Liabilities: $1,000,000-$10 million
- Reason for Filing: Restructure business under court supervision
Court records on PacerMonitor indicate that financial documents, including the statement of operations, balance sheet, tax information, and cash flow statement, are due by March 24, 2026.
Government agencies must submit claims for any money the company owes them by September 14, 2026. The Chapter 11 small business plan and disclosure statement must also be filed by this date.
Ferrari Importing, Inc.’s bankruptcy filing marks a step in the company’s efforts to restructure its finances while continuing operations.
