Peter Manning New York files Chapter 11 bankruptcy
Peter Manning LLC, doing business as Peter Manning NYC, filed for Chapter 11 bankruptcy protection on August 19, 2026, in the U.S. Bankruptcy Court for the Southern District of New York. The specialty menswear chain listed about $138,000 in assets against roughly $3.1 million in debts and is using Subchapter V to reorganize while it continues operating.
Key Takeaways
- Peter Manning filed a voluntary Chapter 11, Subchapter V petition on Aug. 19, 2026 (case 26-12000).
- Court papers list about $138,000 in assets and about $3.1 million in liabilities.
- The chain still runs Fit Shops in New York and Washington, D.C., plus e-commerce, and has discussed a Boston opening.
- A pending supplier lawsuit from Lever Style alleges more than $1.14 million in unpaid invoices.
What happened in the Peter Manning bankruptcy filing?
According to reporting from TheStreet, the New York-based specialty men's clothing chain filed its Subchapter V petition to reorganize amid financial pressure and a supplier dispute. Subchapter V is designed to help small businesses move through bankruptcy more quickly and at lower cost than a standard Chapter 11 case.
WhatNow reporting on PACER records identifies Peter Manning LLC as a small business debtor. Authorized representative Jeff H. Hansen signed the petition, with attorney Adrienne Woods of Weinberg Zareh Malkin Price LLP representing the company. Estimated creditors number between 1 and 49.
Why did Peter Manning seek Chapter 11 protection?
The filing reflects a wide gap between what the company owns and what it owes. Assets are estimated at roughly $138,000, while liabilities stand near $3.1 million. Unsecured claims in the case include taxes, lease obligations, credit card debt, and amounts owed to suppliers and vendors.
Largest creditors named in coverage include landlord 933 Broadway LLC (owed over $783,000), vendor Kam Caine Hong Kong Ltd. (over $276,000), Shopify (over $247,000), 19-20 Bush Terminal Owner LP (over $230,000), and Lever Style Ltd. (about $150,000 on the creditor list).
Lever Style sued Peter Manning New York and owner-CEO Jeff Hansen in June 2023 in the Southern District of New York, alleging more than $1.14 million in unpaid invoices. That lawsuit remains pending. For more business and money stories, see BlasterPost's Net Worth & Wealth hub.
Will Peter Manning keep operating after the bankruptcy?
Chapter 11 does not automatically mean a shutdown. The company continues to operate Peter Manning Fit Shops at 933 Broadway in New York's Flatiron district and at 1413 Wisconsin Ave. NW in Washington, D.C. It also runs e-commerce at petermanningnyc.com and holds a warehouse lease in Brooklyn.
A customer service representative told TheStreet the chain plans to open a third location in Boston in September 2026. Founded in Brooklyn in 2013, Peter Manning built its niche around a proprietary sizing system based on height, weight, and body type rather than standard small-medium-large labels.
Court records indicate funds may be available for distribution to unsecured creditors as the reorganization plan takes shape. The next steps will depend on how the Subchapter V case proceeds in the Southern District of New York.