BowFlex Inc. (formerly Nautilus, Inc.), a publicly traded home fitness equipment company headquartered in Vancouver, Washington, filed for Chapter 11 protection on March 4, 2024 in the U.S. Bankruptcy Court for the District of New Jersey (Case No. 24-12364) before Judge Andrew B. Altenburg Jr. The company marketed fitness products under the BowFlex, Schwinn, and JRNY brands, with manufacturing outsourced to third parties in Asia. At filing, BowFlex carried approximately $16 million of funded debt under a term loan facility with Crystal Financial LLC d/b/a SLR Credit Solutions and approximately $60 million in trade and other general unsecured obligations. The filing followed a post-pandemic demand decline, retailer over-inventorying, and the prepetition lender's imposition of cash dominion. BowFlex obtained a $25 million DIP facility ($9 million new-money revolver plus a $16 million roll-up) and pursued a fast section 363 sale process with Johnson Health Tech Retail, Inc. as stalking horse bidder. The court approved the sale of substantially all assets for $37.5 million on April 15, 2024, just 42 days after filing, and the sale closed on April 22, 2024. The court confirmed a chapter 11 plan of liquidation on August 19, 2024, establishing a liquidating trust administered by UMB Bank, N.A. as trustee. General unsecured creditors received pro rata liquidating trust interests, while all equity was canceled on the plan effective date of August 23, 2024. The liquidating trust continues claims reconciliation through omnibus objections, and the case remains open through December 31, 2026.