Business & Tech
Bankruptcy Confirmed for Schutt Sports
Football helmet reconditioner given green light May 10.
A federal judge has confirmed a Chapter 11 bankruptcy for a Palmer Township sporting goods company.
Schutt Sports Inc., won the signature of the bankruptcy judge on a May 10 confirmation order, according to a Bloomberg Businessweek report.
Creditors “overwhelmingly voted to accept the plan,” Chief U.S. Bankruptcy Judge Kevin J. Carey from Delaware said in his order, the report said.
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In February, Schutt Reconditioning, a branch of Schutt Sports, signed a multi-year lease in a property at McFadden Road in the Palmer Industrial Park.
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