Delaware Bankruptcy: TSC Group, LLC, and Barjan International, LLC, File for Chapter 11 to Continue Restructuring
As part of their ongoing restructuring efforts, TSC Group, LLC and Barjan International, LLC voluntarily filed today to reorganize under chapter 11 of the U.S. Bankruptcy Code. The companies filed their petitions with the Delaware bankruptcy court.
Barjan LLC (an affiliate which has not filed for bankruptcy) will continue to focus on its industry leading Mistic® e-cigarette offering, which the company believes will continue to grow and gain market share. As part of its restructuring efforts, the company and its advisors have engaged in an active communication program with creditors and other stakeholders. From those discussions, the company believes that its trade partners will continue to support the company as it endeavors to quickly complete its turnaround and exit from the restructuring. With support from its secured lenders and loyal customers, Barjan and TSC believe their reorganization efforts will be successful and benefit their creditors and customers.
About TSC Global
TSC and Barjan are leading companies in the sales, marketing and distribution of consumer brand products to America’s top retailers, travel centers and convenience stores. TSC and Barjan have established themselves as one of a very small number of vital distributors and merchandisers to several industry leaders. TSC and Barjan have been an industry leader in the emerging product category of electronic cigarettes, developing and distributing one of the industry’s leading brands, Mistic, which can now be purchased on over 3,000 retail locations.
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