Woodtown Sports, LLC, which operates as Splitrock Tap & Wheel, has filed for Chapter 11 bankruptcy protection. The Fairfax, California-based company sells bicycles and gear, offers repair services, and operates an on-site taproom.
Court records suggest that, by filing, the company intends to continue operations as a “small business debtor.” In addition, the latest process could help it in readjusting its finances amid a wide gap between its assets and liabilities.
Woodtown Sports, LLC Files for Chapter 11 Bankruptcy
The company, which operates as Splitrock Tap & Wheel and serves customers across Northern California, has begun bankruptcy proceedings.
The case is being handled in the U.S. Bankruptcy Court for the Northern District of California…