The Ben Hogan Golf Equipment Company has filed for Chapter 11 bankruptcy protection.
The company made the filing in U.S. Bankruptcy Court in Ft. Worth on Saturday, lists both assets and liabilities between $1 million and $10 million, according to the Dallas Morning News. Among its creditors are Perry Ellis International, which licensed the Hogan name to the company, which is owed $267,500. Conti Edgecliff-Sias LLC, who owns the company headquarters the company leased, is owed $77,256.74.
The Ben Hogan Golf website is also no longer functioning, forwarding to a retail solutions company called Mi9.
This news comes less than a month after the company laid off almost all of its staff on Jan. 3 in what the organization was dubbing a "right-sizing" so that the equipment maker could come back to profitability in the market. It appears now that the company will not return, at least as it has been construed since the brand was reinvigorated in 2014.
