BowFlex DIP Approved After Increasing Investigation Budget

By Ben Zigterman · March 28, 2024, 5:59 PM EDT

Fitness equipment maker BowFlex Inc. received final approval Thursday from a New Jersey bankruptcy judge of its $25 million debtor-in-possession package after agreeing to an increased investigation budget for the unsecured...

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Bankruptcy Scorecard

Summary

The makers of the BowFlex exercise machine filed for Chapter 11 bankruptcy, planning to sell its assets in April with a $37.5 million stalking horse offer.

Case Number

24-bk-12364

Judge

Andrew B. Altenburg, Jr.

Venue

U.S. Bankruptcy Court for the District of New Jersey

Capital Structure

Total Liabilities:

$67 million

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Documents

Related Sections

Case Information

Case Title

BowFlex Inc.

Case Number

1:24-bk-12364

Court

New Jersey

Nature of Suit

Date Filed

March 04, 2024

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