Armadillo Enterprises, parent company of Dean Guitars, has filed for Chapter 11 bankruptcy, following a turbulent few years for the company.
Court filings made yesterday (9 June 2026) reveal that both Armadillo and its investment partner Concordia have filed jointly. Armadillo has estimated its assets to be between $1 million and $10 million, however its liabilities range up to $50 million. The bankruptcy petition indicates that Valley National Bank – which had previously threatened Armadillo with foreclosure over millions in unpaid debt – now holds an unsecured claim of around $3.3 million – the largest claim held by a creditor.
The filings come after several years of legal trouble for Dean and Armadillo, most notably a…