G-FORCE POWERSPORTS, INC. Bankruptcy Filing
Case Number: 24-03718
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G-FORCE POWERSPORTS, INC. filed a 11 chapter bankruptcy in the District of South Carolina bankruptcy court on October 14, 2024. This is a voluntary filing; it was assigned the bankruptcy case number #24-03718.
G-FORCE POWERSPORTS, INC. Filing Information
G-FORCE POWERSPORTS, INC., a South Carolina corporation, has filed for Chapter 11 bankruptcy protection. According to court records, the company filed its petition on October 14, 2024, with case number 24-03718. The court overseeing this matter is located in South Carolina. As a corporate entity, G-FORCE POWERSPORTS, INC. will be seeking reorganization under Chapter 11 of the US Bankruptcy Code. The company's address has been listed as 15 Jonathan Drive, Taylors SC, where it will continue to operate during the restructuring process. This marks an important milestone in the company's financial journey, as it seeks to navigate its current challenges and emerge stronger.
G-Force Powersports, Inc. has filed for bankruptcy, marking the latest development in the financial struggles of the company. With a relatively modest asset base ranging from $0 to $100,000, the struggling business is likely facing significant financial difficulties. The company's debts, however, are substantial, with liabilities ranging between $1 million and $10 million. Notably, G-Force Powersports, Inc. has attracted a limited number of creditors, indicating that its financial woes may not have affected many stakeholders. As a motor vehicle and motor vehicle parts and supplies merchant wholesaler, the company operates in an industry plagued by intense competition and fluctuating demand. The bankruptcy filing signals a significant turning point for G-Force Powersports, Inc., as it seeks to restructure its operations and navigate the challenges of this competitive market.
G-FORCE POWERSPORTS, INC. indicated on its bankruptcy petition that it does not expect there will be sufficient assets in the estate to make a payment to the unsecured creditors.
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G-FORCE POWERSPORTS, INC. Docket Header
PlnDue, SchedDue, Subchapter_V, SmBus |
District of South Carolina (Greenville)
Bankruptcy Petition #: 24-03718
Assigned to: Chapter 11 Voluntary Asset |
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Debtor G-Force Powersports, Inc. 15 Jonathan Drive Taylors, SC 29687 GREENVILLE-SC Tax ID / EIN: 20-8150918 |
rep. by |
Robert A. Pohl
POHL, P.A. PO Box 27290 Greenville, SC 29616 864-361-4827 Fax : 864-558-5291 Email: Robert @ POHLBankruptcy.com |
U.S. Trustee US Trustee's Office Strom Thurmond Federal Building 1835 Assembly St. Suite 953 Columbia, SC 29201 |
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