Bankruptcy for TearDrop

Of little surprise to the industry was the announcement by TearDrop Golf that they have filed for bankruptcy protection under title 11 of the United States Code.

The announcement took place on 4 December, after the company had spent much of the past year battling with the strain of financial problems.

The company, which produces the Tommy Armour and Ram brands,expects to sell of the brands off.

Chairman and Chief Executive Randy Slucker stated, "We fought hard to keep the company going and explored many alternatives during the past few months. Ultimately the pressure from our creditors led us to this course of action."