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- Breaking: Proton bankrupt?
Breaking: Proton bankrupt?
The PPA sponsor was involuntarily placed in Chapter 11
Team KOTC
March 11, 2025
Proton Sports placed in Chapter 11 bankruptcy
An involuntary Chapter 11 bankruptcy was filed against Proton Sports, Inc., according to RK Consultants (via X).
The petition was filed by 3 creditors: Steven Smith, South Bay Stucco Inc., and Christian Castillo, for an estimated $100-500K in liabilities.
PROTON SPORTS, INC, AN ARIZONA CORPORATION Files Chapter 11 Bankruptcy
🚨 BANKRUPTCY FILING ALERT 🚨
PROTON SPORTS, INC, AN ARIZONA CORPORATION
Chapter 11 - District of Arizona
Filed: 03/07/2025
Case No. 25-01972-BMW📊 Assets: Unknown | Liabilities: $100K-$500K (estimated) |… x.com/i/web/status/1…
— RK | Consultants (@_RKConsultants)
11:07 PM • Mar 7, 2025
Listen, we’re no legal experts, but here’s what we have gleaned so far:
Involuntary means another entity/individual has filed a petition against Proton, presumably due to unpaid debts
Chapter 11 bankruptcy allows a business to continue to operate
The creditors who filed the petition appear to be in the construction industry (Proton recently completed a new facility in their home state of Arizona, where the bankruptcy was filed)
There’s a loooooottta stucco on this Proton HQ… that’s all we’re sayin….
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