Big Rock Sports files for bankruptcy with over $100M in liabilities

A serious distributor within the weapons and outside sporting items business has filed for chapter.

Huge Rock Sports activities, LLC, a significant provider serving tens of hundreds of shops within the U.S. and overseas, has filed for chapter liquidation within the U.S. Chapter Court docket for the Japanese District of North Carolina, in line with courtroom paperwork obtained by FOX Enterprise.

The North Carolina-based firm reported greater than $100.9 million in liabilities, in comparison with estimated belongings between $10 million and $50 million.

The chapter submitting doesn’t specify what prompted the liquidation, however signifies that Huge Rock Sports activities was overwhelmed by a wave of lawsuits from property homeowners, suppliers and enterprise companions. SBG Media reports this.

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A group of weapons (iStock / iStock)

In response to SBG Media, roughly $83 million in unsecured claims are anticipated to stay unpaid.

Though the corporate’s web site is at present inaccessible, archived variations reviewed by FOX Enterprise Present Huge Rock Sports activities declare they serve greater than 20,000 retailers within the fishing, capturing sports activities, tenting, taxidermy and marine industries.

The distributor mentioned its operations spanned the US, Canada, the Caribbean and eight different nations.

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A fisherman is depicted on a ship. (iStock / iStock)

Huge Rock Sports activities additionally reported working with roughly 1,200 suppliers and working roughly 850,000 sq. toes of distribution house in warehouses in North Carolina, Minnesota and Nevada.

“Whereas Huge Rock is among the largest distributors of out of doors sporting items in North America, we’re far more than that,” the corporate mentioned on its web site. “We provide an unique vary of instruments and assets designed to provide retailers a aggressive benefit.”

Huge Rock Sports activities traces its roots again to 1955, when All-Sports activities Provide was based in Portland, Oregon.

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Huge Rock Sports activities has filed for Chapter 7 chapter. (iStock / iStock)

“The historical past of Huge Rock Sports activities goes again greater than 60 years to the founding of All-Sports activities Provide in Portland, [Oregon]’, the corporate writes. “Again then, sporting items have been a way more private enterprise, and distributors knew the names of their retailers in addition to their households.”

The corporate’s Canadian subsidiary was liquidated, in line with the U.S. chapter submitting to The Street.

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Huge Rock Sports activities couldn’t instantly be reached by FOX Enterprise for remark.