Schutt Sports (now SSI Liquidating, Inc.) Deadline to File Proofs of Claim Set

Last week, Judge Kevin Carey of the Delaware bankruptcy court signed an order which sets deadlines for the filing of proofs of claim against Schutt Sports, Inc. (which is now known as SSI Liquidating, Inc.) and its affiliates. The companies, which were leading manufacturers of team sporting equipment, primarily for football, baseball and softball, filed for chapter 11 bankruptcy protection in September of last year as a result of, among other things, patent litigation with their largest competitor, Ridell, Inc. (more details on the bankruptcy filing can be found in an earlier post, which is available here).  In mid-December, Schutt closed the sale of substantially all of its assets to Kranos Intermediate Holding Corporation.

Judge Carey’s bar date order requires that creditors asserting most claims arising before Schutt’s September 2010 bankruptcy file proofs of claim on or before February 14, 2011 at 5:00 p.m. (Eastern). Proofs of claim must be actually received by that time, not merely postmarked before that date, in order to be validly filed. All claims for administrative expenses arising under section 503(b)(9) of the Bankruptcy Code must also be filed by the same deadline. The governmental unit bar date is March 14, 2011 at 5:00 p.m.

The court’s order, which you can find on our website here, sets forth procedures which must be followed by creditors, claims that are excluded from the bar date, and other valuable information. Any party believing that it is a creditor of Schutt or one of its affiliates should review the bar date order very carefully to ensure that it fully complies with the terms of the order in filing its claim.

Other important recent court filings in the Schutt Sports/SSI Liquidating bankruptcy cases include:

To review the significant documents filed in Schutt’s bankruptcy case, please visit our website: http://www.chapter11cases.com/Schutt-Sports-Inc_c_148.html#axzz1Azpb8lSf