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 operations while managing its financial difficulties.
Utilizing the Small Business Subchapter V process, Xtreme Sports Group aims to restructure its debts and continue operations. The company is required to submit a comprehensive reorganization plan by December 30, 2025. According to data from Pacermonitor, Xtreme Sports Group lists its assets between $500,001 and $1 million, while its liabilities range from $1 million to $10 million. The company has identified between one and forty-nine creditors in this case, which is designated by case number 4:25-bk-43798.
As part of its bankruptcy proceedings, Xtreme Sports Group has filed motions with the court, seeking approval to pay critical vendors, maintain its cash management systems, and continue using existing bank accounts. A hearing to expedite these requests is scheduled for October 6, 2025.
The creditors’ meeting, mandated under Section 341(a), is set for November 7, 2025. During this meeting, creditors will have the opportunity to review claims and discuss the company’s reorganization plan. The deadlines for filing proofs of claim are December 10, 2025, for general creditors and March 30, 2026, for government claims.
In addition to the motions filed, the company is preparing detailed financial documents, including schedules of assets and liabilities, statements of financial affairs, and cash flow reports. This filing not only sheds light on Xtreme Sports Group’s current financial status but also facilitates the Chapter 11 reorganization process. The company will continue to operate while collaborating with the court to execute its restructuring plan.
The future of Xtreme Sports Group hinges on its ability to navigate this challenging period and stabilize its operations amid ongoing financial pressures.
