Fair Lawn pickleball facility remains open as parent company The Picklr files for Chapter 11 bankruptcy
Company leadership announced the filing on social media.
Indoor pickleball franchise operator Picklr Inc. has filed for court-supervised restructuring under Chapter 11 of the U.S. Bankruptcy Code, citing an effort to strengthen its financial foundation. Locally, members have raised questions regarding the status of the Fair Lawn facility.
Company leadership announced the filing on social media Oct. 10, assuring players and members that individual clubs, including the Fair Lawn location, remain open for play. According to the company, local franchise partners own and operate their respective facilities independently, and those clubs continue to run as usual.
The company stated it has secured a $4.5 million financing commitment from an investor group led by one of its franchisees, pending court approval. Leadership noted that the restructuring process is designed to resolve early growth obligations and shift focus back to supporting franchise operators and club members.members.
