303 Boards lists $85,928 in assets against $705,471 in liabilities in its Subchapter V petition filed June 18.
Skateboarding and sporting goods retailer 303 Boards filed for Subchapter V bankruptcy protection in Denver on June 18. The company, operating as 303 the Hill Ltd., cited assets of $85,928 and liabilities of $705,471 in its petition.
The filing follows a wave of bankruptcies in the outdoor retail sector, including West Marine, Gamma Sports, and Lynskey Performance Products last month. Subchapter V allows small businesses to restructure under Chapter 11 with lower costs. 303 Boards closed one store recently, leaving two Denver locations open.
The retailer’s website shows partnerships with brands like Nike SB, Adidas, and Vans, though no vendors were listed among its top 20 unsecured creditors.