Schutt Sports Affiliates File Ch. 7 In Del. With $58M Debt

Law360 (December 21, 2020, 4:48 PM EST) -- A former umbrella company to Schutt Sports, a leading producer of football helmets, faceguards and other sports safety equipment, opened a Chapter 7 liquidation case along with 10 affiliates in Delaware late Friday, listing more than $58 million in liabilities and $1.2 million in sports equipment assets.

Privately held Kranos Corp., which has identified itself in the past as doing business as Schutt and is led by Schutt's longtime CEO, had not yet provided full details on its plans for the case by midday on Monday. Neither Schutt nor the attorney for the bankruptcy responded to questions Monday.

Schutt was not...

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