AcuSport is in a confirmed liquidation posture, with the bankruptcy case having moved from an operating distributor’s chapter 11 filing into implementation of an agreed liquidation plan confirmed in January 2019. The company filed chapter 11 on May 1, 2018, in the Southern District of Ohio, after entering the case with a prepetition Wells Fargo capital structure that included a $17.5 million revolving credit facility and a first-lien term loan, as described in the debtor’s first-day declarationDkt. 17.
The filing followed AcuSport’s role as a privately owned distributor serving independent outdoor and shooting-sports retailers through regional sales offices and distribution operations. The case quickly became a balance-sheet and wind-down proceeding rather than a long-form reorganization: the debtor and the official committee ultimately pursued an agreed liquidation framework, filing the Agreed First Amended Plan of LiquidationDkt. 422 in December 2018.
That path was approved when the court entered the confirmation order for the agreed liquidation planDkt. 510 on January 28, 2019. The operative case posture is therefore post-confirmation liquidation, with recoveries and remaining estate administration governed by the confirmed four-class liquidation plan rather than a go-forward operating restructuring.
