A family-owned golf cart dealer in Nicholasville, Kentucky, has filed for Chapter 11 bankruptcy, allowing it to restructure its debts under court supervision. **Triple Crown Golf Cars, Inc.** submitted a voluntary bankruptcy petition on **February 19, 2026**, seeking protection through a streamlined process aimed at small businesses. The company plans to continue operations while working towards a financial recovery.
Details of the Bankruptcy Filing
According to court records, **Triple Crown Golf Cars, Inc.** filed its petition with the **U.S. Bankruptcy Court for the Eastern District of Kentucky** under Subchapter V of Chapter 11. This designation is specifically designed to assist small businesses in reorganizing their finances more efficiently. The company reported estimated assets between **$0 and $50,000** and liabilities of **$500,001 to $1 million**.
The filing indicates that the company has between **one and 49 creditors**, but due to administrative expenses, it does not anticipate any funds will be available for unsecured creditors post-restructuring. Notable creditors listed in court documents include **Wells Fargo Financial Leasing, Inc.**, **Forward Financing LLC**, **American Express**, and **Club Car LLC**.
Company Background and Operations
Established in **1991**, **Triple Crown Golf Cars** operates as an authorized dealer for **Club Car** and **Trojan Battery**. Owned by **Bobbie and Bert Meadows**, the dealership focuses on a variety of services, including sales, rentals, and repairs of golf carts. The family-run business has become a staple in the community, offering both new and used parts along with customization options for personal and commercial use.
The company website highlights the expertise of its staff, who collectively possess **55 years of experience** in golf cart service and repair. They cater to a diverse clientele, providing solutions for recreational use, personal transport, and agricultural needs.
As **Triple Crown Golf Cars, Inc.** navigates the Chapter 11 process, the coming months will be crucial for the family-owned business as it seeks to stabilize its financial situation and emerge from bankruptcy. The restructuring aims to alleviate the mounting debt while maintaining its commitment to serving the Kentucky community with its range of golf cart services.
