Xtreme Sports Group Chattanooga, LLC has filed for Chapter 11 bankruptcy protection in the Northern District of Texas. The official filing occurred on October 1, 2025, as the company seeks to reorganize its finances while continuing operations.
The company is utilizing the Small Business Subchapter V process, a specific type of Chapter 11 that allows small businesses to restructure their debts. As part of this process, Xtreme Sports Group is required to submit its reorganization plan by December 30, 2025. This approach aims to facilitate a more manageable financial recovery while preserving jobs and maintaining business activities.
According to data from Pacermonitor, Xtreme Sports Group has reported assets between $500,001 and $1 million, alongside liabilities ranging from $1 million to $10 million. The filing indicates the company has between one and forty-nine creditors involved in the case, which is registered under the case number 4:25-bk-43798.
To support its operations during the bankruptcy proceedings, Xtreme Sports Group has requested court approval for several motions. These include provisions to pay key vendors, maintain its cash management system, and continue using existing bank accounts. An expedited hearing regarding these motions is scheduled for October 6, 2025.
A creditors’ meeting under Section 341(a) is expected to take place on November 7, 2025. This meeting will provide creditors an opportunity to review claims and discuss the company’s reorganization strategy. Additionally, proofs of claim are due by December 10, 2025, while claims from governmental entities must be submitted by March 30, 2026.
As Xtreme Sports Group moves forward, it is also preparing detailed financial documents. These will include schedules outlining its assets and liabilities, statements of financial affairs, and cash flow reports. This filing serves not only as a critical step in the company’s restructuring efforts but also offers insight into its financial standing.
In summary, Xtreme Sports Group is navigating a challenging financial landscape while working closely with the court to manage its reorganization plan. By continuing operations during this process, the company aims to stabilize its business and emerge successfully from bankruptcy.
