Maurice Sporting Goods and committee seek Chapter 11 case dismissal

By Caroline Salls

Pittsburgh, March 6 – Maurice Sporting Goods of Delaware, Inc. and its official committee of unsecured creditors requested court approval for the dismissal of the company’s Chapter 11 cases, according to a motion filed Thursday with the U.S. Bankruptcy Court for the District of Delaware.

“Given the completion of the going-concern sale and the lack of any remaining assets to monetize for the benefit of unsecured creditors, the debtors and the committee have decided that dismissal is the most effective way to proceed,” the motion said.

The company and committee said reorganization of the Maurice debtors “is impracticable, if not impossible,” because the debtors lack assets other than a general unsecured claim carve-out.

In addition, the motion said confirmation of a liquidating plan would be time-consuming and prohibitively expensive, and conversion of the cases to Chapter 7 would only add another layer of administrative expenses, potentially resulting in an administratively insolvent estate.

A hearing is scheduled for April 23.

Maurice is a Northbrook, Ill.-based distributor of outdoor sporting goods. The company filed bankruptcy on Nov. 20, 2017 under Chapter 11 case number 17-12481.

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