The Plano location of national cheerleading organization Cheer Athletics has filed for Chapter 11 bankruptcy protection. The filing comes amid rising legal expenses that prompted the organization to seek financial reorganization.
Cheer Athletics, Plano Seeks Bankruptcy Protection
In a recent Instagram post, Cheer Athletics stated that its Plano location has sought bankruptcy relief due to a rise in its legal costs. Through a Chapter 11 filing, the organization is hoping to reorganize its business. The organization noted that day-to-day training and activities will continue without disruption for athletes and coaches…