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Voluntary Chapter 11 filing reveals $59,000 cash reserves against liabilities of up to $10 million as the direct-to-consumer company seeks to restructure
The Tour de France winner was previously reported to be more than £2 million in debt but had suggested his financial problems were "all resolved"
But continues as usual.
The latest information comes from a new bankruptcy report for the 2012 Tour de France winner, who’s already had his medals and trophies seized and forced to “sofa surf”, with his lawyer declaring “he’s lost everything and doesn’t have a penny”
“I never did the sport for the money, but I realise I should have paid more attention to it. I wasn’t aware of the mess until I was deep in retirement,” says the 2012 Tour de France winner, who was declared bankrupt in June
The five-time Olympic champion and 2012 Tour de France winner “does not have an address” and has been forced to “sofa surf”, with his lawyer claiming that he got “ripped off” and “shafted” on his finances by “army of so-called advisers”
The five-time Olympic champion and 2012 Tour de France winner had accumulated debts totalling almost £1 million
Five-time Olympic champion and 2012 Tour de France winner disputes claims
Paris-based lawyer heads group looking to save troubled business - but time is pressing
We examine the factors that put the company into financial difficulty - and what may happen next
