{"id":1187030,"date":"2023-01-20T14:57:33","date_gmt":"2023-01-20T20:57:33","guid":{"rendered":"https:\/\/www.snkrsday.com\/?p=1187030"},"modified":"2023-01-20T16:16:34","modified_gmt":"2023-01-20T22:16:34","slug":"schmidty-kicks-files-for-bankruptcy","status":"publish","type":"post","link":"https:\/\/www.snkrsday.com\/schmidty-kicks-files-for-bankruptcy\/","title":{"rendered":"Schmidty Kicks Files For Bankruptcy &#8211; Owes Customers, Banks Over $18 Million"},"content":{"rendered":"\n<p>Schmidty Kicks LLC has filed for bankruptcy.<\/p>\n\n\n\n<p>According to paperwork filed this week, the online sneaker seller owes creditors $18,473,066.33 while having assets of just $808.49. In total, 661 parties are listed as creditors that range in debts as small as $212 to nearly $6 Million to the payment processor Stripe.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1200\" height=\"613\" onerror=\"this.src='https:\/\/www.snkrsday.com\/files\/2023\/12\/404-dead-image.jpg'\" src=\"https:\/\/www.snkrsday.com\/files\/2023\/01\/schmidty-kicks-homepage.png\" alt=\"\" class=\"wp-image-1187067\" srcset=\"https:\/\/www.snkrsday.com\/files\/2023\/01\/schmidty-kicks-homepage.png 1200w, https:\/\/www.snkrsday.com\/files\/2023\/01\/schmidty-kicks-homepage-750x383.png 750w, https:\/\/www.snkrsday.com\/files\/2023\/01\/schmidty-kicks-homepage-325x166.png 325w, https:\/\/www.snkrsday.com\/files\/2023\/01\/schmidty-kicks-homepage-768x392.png 768w, https:\/\/www.snkrsday.com\/files\/2023\/01\/schmidty-kicks-homepage-200x102.png 200w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/figure>\n\n\n\n<p><a href=\"https:\/\/www.schmidtykicks.com\">Schmidty Kicks<\/a> declared that it owes more than $350,000 to other family members of the president Brett Schmidt and $1,738,600 to Schmidty Kicks Fund &#8211; an entity that lists Brett Schmidt as a principal in an <a href=\"https:\/\/disclosurequest.com\/form\/schmidty-kicks-fund-i-llc\/0001905553-22-000002\">SEC filing<\/a> dated in February 10, 2022.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1119\" height=\"750\" onerror=\"this.src='https:\/\/www.snkrsday.com\/files\/2023\/12\/404-dead-image.jpg'\" src=\"https:\/\/www.snkrsday.com\/files\/2023\/01\/schmidty-kicks-creditors-1119x750.png\" alt=\"\" class=\"wp-image-1187068\" srcset=\"https:\/\/www.snkrsday.com\/files\/2023\/01\/schmidty-kicks-creditors-1119x750.png 1119w, https:\/\/www.snkrsday.com\/files\/2023\/01\/schmidty-kicks-creditors-746x500.png 746w, https:\/\/www.snkrsday.com\/files\/2023\/01\/schmidty-kicks-creditors-325x218.png 325w, https:\/\/www.snkrsday.com\/files\/2023\/01\/schmidty-kicks-creditors-768x515.png 768w, https:\/\/www.snkrsday.com\/files\/2023\/01\/schmidty-kicks-creditors-200x134.png 200w, https:\/\/www.snkrsday.com\/files\/2023\/01\/schmidty-kicks-creditors.png 1200w\" sizes=\"(max-width: 1119px) 100vw, 1119px\" \/><\/figure>\n\n\n\n<p>In the bankruptcy filing, Schmidty Kicks&#8217; President Brett Schmidt declares that potential assets the failed business has include money owed from <a href=\"https:\/\/www.snkrsday.com\/the-rise-fall-and-implosion-of-zadeh-kicks-and-why-it-matters-beyond-the-sneaker-world\/\">Zadeh Kicks<\/a>, its founder Michael Malekzadeh, and CFO Bethany Mockerman.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1200\" height=\"250\" onerror=\"this.src='https:\/\/www.snkrsday.com\/files\/2023\/12\/404-dead-image.jpg'\" src=\"https:\/\/www.snkrsday.com\/files\/2023\/01\/schmidty-kicks-zadeh.png\" alt=\"\" class=\"wp-image-1187069\" srcset=\"https:\/\/www.snkrsday.com\/files\/2023\/01\/schmidty-kicks-zadeh.png 1200w, https:\/\/www.snkrsday.com\/files\/2023\/01\/schmidty-kicks-zadeh-750x156.png 750w, https:\/\/www.snkrsday.com\/files\/2023\/01\/schmidty-kicks-zadeh-325x68.png 325w, https:\/\/www.snkrsday.com\/files\/2023\/01\/schmidty-kicks-zadeh-768x160.png 768w, https:\/\/www.snkrsday.com\/files\/2023\/01\/schmidty-kicks-zadeh-200x42.png 200w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/figure>\n\n\n\n<p>Schmidty Kicks is a name that has been frequently mentioned in court documents in the Zadeh Kicks case including expressed interest in purchasing inventory from the Receiver, <a href=\"https:\/\/www.stapletoninc.com\">David P Stapleton<\/a>, in charge of the dissolution of Zadeh Kicks LLC.<\/p>\n\n\n\n<p>We contacted Schmidty Kicks for comment but did not receive a response.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Schmidty Kicks LLC has filed for bankruptcy. According to paperwork filed this week, the online sneaker seller owes creditors $18,473,066.33&hellip;<\/p>\n","protected":false},"author":149,"featured_media":1187084,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[1259249],"cultivate_rss":[],"class_list":{"2":"type-post"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.0 (Yoast SEO v24.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Schmidty Kicks Files For Bankruptcy - Owes Customers, Banks Over $18 Million | Snkrs Day<\/title>\n<meta name=\"description\" content=\"Where to buy Schmidty Kicks Files For Bankruptcy - Owes Customers, Banks Over $18 Million shoes. 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