Velocity Holding Company, Inc., a wholesale distributor, designer, manufacturer, retailer and marketer of branded aftermarket parts, accessories and apparel for the powersports (motorcycle and related) industry based in Coppell, Texas, along with nineteen of its affiliates and subsidiaries, has filed a petition for relief under Chapter 11 in the Bankruptcy Court for the District of Delaware (Lead Case No. 17-12442). Velocity’s petition estimates its assets between $1 – $10 million and its liabilities between $100 – $500 million. The cases have not yet been assigned to a Judge.
Cole Schotz represents the Debtors. Contact Norman L. Pernick and Nicholas J. Brannick for more information.