Active Ride Shop announced today that is has filed for a voluntary petition for reorganization under Chapter 11 of the U.S. Bankruptcy Code in the county of Riverside. Stay tuned to TransWorld Business for follow up information as it breaks.
As of today, Active Ride Shop’s official Web site only lists 22 open stores under its retail locations section. The official press release is listed below:
“Mira Loma, CA, March 23rd, 2009 – Active Ride Shop today announced that it has filed a voluntary petition for reorganization under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court in Riverside. The company is focusing on executing a comprehensive corporate restructuring plan without interruption to business operations.
Active Ride Shop recently announced that it was taking action to address the company’s financial challenges. … Details