Golfsmith Ch. 11 Dismissal Gets Judge OK After Asset Sales

Law360, New York (January 24, 2018, 9:10 PM EST) -- The Chapter 11 case of Golfsmith International Holdings Inc. came to an end on Wednesday after a Delaware bankruptcy court granted a joint motion to dismiss the case now that the sports retailer has sold off substantially all of its assets.

In a pair of four-page orders, U.S. Bankruptcy Judge Laurie Selber Silverstein agreed to dismiss the case at the behest of Golfsmith and its creditors, approving a settlement that wrapped up the last few outstanding issues in the case.

"The debtors are authorized to take all actions necessary to effectuate" the settlement and subsequent wind-down of the business following dismissal,...

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