Skins Footwear Inc, filed for Chapter 7 liquidation in Delaware bankruptcy court. The development stage company is behind the two part footwear structure consisting of the Bone, which offers the orthopedic support, and the Skin, an interchangeable shell that a wearer can easily swap out.
According to the petition, the Hoboken, N.J.-based firm estimated assets of no more than $50,000 and liabilities of between $10 million to $50 million. In its first quarter ended March 31, the company lost $1.1 million on sales of only $32,000.
