B4 Adventure, a maker of backyard toys and games in Denver, has filed for bankruptcy and informed a judge that a sale or liquidation of the decade-old company could occur soon.
B4 filed for Chapter 11 bankruptcy Sept. 1. It owes more than $2.5 million to creditors, according to a partial list provided in its bankruptcy filing, which did not list the value of its assets.
The company was founded in 2011 by Ed O’Brien III, a father of three who wanted children to be more active, according to B4’s website. It is headquartered at 4010 Holly St.
B4 makes and sells backyard ziplines and obstacle courses for children, along with trampolines, swings and lawn games. It sells them at retailers and online in the U.S. and internationally on five continents, according to its bankruptcy paperwork.
B4, which has 15 employees, hasn’t said why it is struggling. The company and its three attorneys with the law firm Onsager Fletcher Johnson did not respond to questions.
Attorney Gabrielle Palmer told a bankruptcy judge Sept. 1 that within 45 days, B4 “intends to pursue parallel paths” allowing it “to either sell substantially all of its assets … or obtain new investment capital.” If it can’t sell, B4 will “pursue an orderly liquidation of its assets.”
B4 owes more than $1 million to Chinese toymakers. Wonderland Sport in Beijing is owed $596,000, making it B4’s largest creditor, and three other Chinese companies are owed a combined $453,000, according to B4’s bankruptcy paperwork.
B4 has been sued for allegedly causing several injuries and two deaths. A mother in Georgia sued in March, alleging that a doorway swing fractured her daughter’s vertebrae when it broke a month after it was bought. B4 has denied it’s liable. The case is pending.
In 2015, B4 was sued twice for deaths on its ziplines. The parents of a 10-year-old boy in Massachusetts filed a federal lawsuit that was resolved in 2016. The parents of a 13-year-old boy in Pennsylvania filed a lawsuit in federal court that was settled in 2017.
In 2016, a Louisiana woman sued after she was allegedly injured on a B4 zipline; the case was settled the next year. In 2017, a man in New Jersey alleged a defective zipline caused him to fall 25 feet. The federal case was moved to a state court; it’s not clear how it ended.
The company also settled a 2018 lawsuit alleging it infringed on patents for a swing. B4 contended that such an ancient technology can’t be patented, but settled the next year.