Trade Resources Company News Texas Bike Retailer Files for Chap.7 Bankruptcy

Texas Bike Retailer Files for Chap.7 Bankruptcy

Bikeian, a McLennan, TX, retailer formerly known as Bicycles Outback, field for voluntary Chap.7 bankrupcty last month. The business, which generated revenues of $872185 in 2012, owes $371,015 to unsecured creditors. The top trade creditors include: Specialized Bicycle ($141,166), Dorel's Cycling Sports Group ($48,913), Scott USA ($44,932), Trek($42,000) and Cervelo ($32,086). The first meeting of ceditors is scheduled for Jun.27.

 

Written by Nicolas Yang

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