One of the eyewear companies in Colorado Springs, CO, has sought Chapter 11 protection. Milner Sports, LLC, which operates as Epoch Eyewear, is seeking to reorganize its finances through the process.
The latest case details suggest that the company is currently facing a wide gap between its assets and liabilities.
Milner Sports, LLC Enters Bankruptcy Amid Financial Imbalances
After qualifying as a small business debtor, the company proceeded under Subchapter V of Chapter 11. This provision allows businesses to complete their bankruptcy proceedings in a faster and cost-effective manner as compared to regular cases.
Case filings shown on PACER state that Rebecca Milner signed the petition before it was submitted on May 5, 2026.
As of now, the company has listed a disparity in its estimated assets and liabilities. While the liabilities of Milner Sports, LLC are over $1 million, its assets are just a little over $350,000.
Highlights from the Chapter 11 Petition
Case records state that attorney Aaron A. Garber of Wadsworth Garber Warner Conrardy, P.C. is the legal counsel for the company. The company has already submitted several documents to the U.S. Bankruptcy Court for the District of Colorado.
An important filing included the statement of financial affairs, which showed the gross revenue of Milner Sports, LLC, from 2024 to the latest filing date.
The company further submitted a list of equity security holders. As per it, Rebecca Milner has an 85% ownership interest in the eyewear company. Charles Smith and Diane Smith hold a 15% ownership interest in the company.
Other summarized details from the Chapter 11 petition are:
- Filing Date: May 5, 2026
- Court and Jurisdiction: U.S. Bankruptcy Court for the District of Colorado
- Type of Filing: Active, Voluntary Petition
- Chapter: 11, Subchapter V
- Case Number: 26-13150-KHT
- Estimated Assets: Between $100,001 – $500,000
- Estimated Liabilities: Between $1,000,001 and $10 million
- Estimated Creditors: Between 1 and 49
- Reason for Filing: Restructure business under court supervision
About the Company
Founded in 2014, the company offers a range of sunglasses across men’s, women’s, and sports categories. The website states that Rebecca Milner established the veteran-owned business, which engages with military personnel, veterans, and first responders.
The latest filing by Milner Sports, LLC highlights the company’s current financial strain, with liabilities exceeding its assets. As the case progresses, the outcome is expected to depend on its ability to present a reorganization plan and handle its creditor commitments.
