Edwin Watts' Chapter 11 Filing...

I'll leave the Chapter 11 bankruptcy of the Edwin Watts Golf Shops to the financial analysts to analyze, though no doubt the fee collectors will do well and the folks who do the dirty work will get screwed.

Adam Schupak with the pertinent numbers.

Callaway Golf is the largest unsecured creditor, with a claim of $4.6 million. The retailer also said it had obtained a loan of as much as $38 million to fund operations in bankruptcy.

Edwin Watts, which was founded in 1968 and is owned by private-equity firm Sun Capital Partners, noted in its filing that it agreed to sell certain assets to GWNE.

The full filing is: Edwin Watts Golf Shops LLC, Case No. 13-12877, U.S. Bankruptcy Court, District of Delaware.