Where's My Fuckin' Money, No Fear?

From TW Biz - Carlsbad, California, February 24, 2011 – No Fear Retail Stores, Inc. (“No Fear”), an apparel chain with stores in California, Arizona, Nevada and other states, today announced that it filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of California.

No Fear initiated bankruptcy reorganization proceedings, together with its affiliated companies No Fear MX, Inc. and Simo Holdings, Inc. (together, the “Company”), in order to restructure the Company’s debt and re-align its business operations. The Company intends to work with its creditors and other stakeholders to execute its reorganization through Chapter 11. No Fear stores will remain open and business will continue as the Company moves through the reorganization process. Full Release Here. 
Below is a list of the top 20 claims made by creditors and the amount of each of the claims.

 

Bummer, bro. No Fear is done-gy. But this is the shit that happens when you spread your sweet brand butter over a bit too much toast. If you're an apparel company, don't try to venture into the energy drink category. That's just one piece of advice. But this probably had more to do with the state of the No Fear brand. Here's some more advice: don't associate with SRH. I can't believe it's taken me this long to address the "Stoners Reeking Havoc" (that's what it originally stands for) brand. Awful, awful people. The end all be all of motocross BROdouchery (yep, one word). I just feel like No Fear forgot what they are in it for. The core of the sport isn't a bunch of SRH-wearing, MMA-fighting assholes. No Fear started with surfing, for god's sakes. They definitely let that one get away from them. And by the way, how much do you want to bet that Credit Cash NJ is a front for Tony Soprano? Actually it probably isn't, because as far as I know Mark Simo is still walking around with his kneecaps intact. Maybe it's J-Law's credit company, I know that he's also on the list of creditors. Hey, it's an idea, it's probably wrong.