Filing Alert: Sundown Audio Chapter 11
Sundown Audio Files Chapter 11 in Western District of North Carolina
Systematic Audio, LLC (dba Sundown Audio), a Newton, NC-based manufacturer of car audio equipment, filed for Chapter 11 protection on Jun. 9 in the U.S. Bankruptcy Court for the Western District of North Carolina.
The company reports $10 million to $50 million in both assets and liabilities. The filing indicates that there will be funds available for distribution to unsecured creditors. The case number is 26-50236.
Top Unsecured Claims
Key Parties
Counsel:
- Eric S. Goodheart
DLA Piper LLP (US)
Email: eric.goodheart@us.dlapiper.com
Signatories:
- Scottie Johnson – Chief Executive Officer
Equity Security Holders:
- XS Investment Intermediate, LLC – 100% Equity Interest
Bondoro Insights is continuing to monitor this case and will provide further coverage as appropriate.
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