Privately-held WYNIT Distribution and six affiliated Debtors filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Minnesota, lead case number 17-42726. The Company, which distributes technology products, is represented by Robert T. Kugler of Stinson Leonard Street.
According to documents filed with the Court, “Funds will be available for distribution to unsecured creditors.” In August 2017, the Company announced, “Due to a number of unexpected financial issues combined with a disappointing holiday selling season, WYNIT Distribution LLC announced a reorganization today that will close its Wholesale Distribution Division based locally.”
WYNIT Distribution’s Chapter 11 petition lists assets greater than $100 million.
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