Woodtown Sports, LLC—the crew behind Fairfax’s Splitrock Tap & Wheel bike shop and taproom—filed for Chapter 11 bankruptcy under Subchapter V as a “small business debtor” on April 13, 2026. The U.S. Bankruptcy Court in the Northern District of California now has the case, and the Marin County business admits there’s a pretty big gap between what it owns and what it owes.
One of the biggest debts? A lease claim in Kentfield. Here’s a look at what this might mean for Fairfax, Kentfield, San Anselmo, Mill Valley, and really, anyone in Marin who cares about bikes or beer.
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Overview of the filing and Subchapter V
Subchapter V is supposed to make things easier for small businesses that want to reorganize. Woodtown Sports is aiming to keep things running in Marin, especially the Fairfax shop and the Kentfield lease, while sorting through its debts.
For folks around Fairfax, Larkspur, and San Rafael, this move means Splitrock stays open, but now under court supervision. The company hopes to steady its finances without shutting down.
Why Subchapter V matters for Marin’s small businesses
Subchapter V tries to keep local spots like Splitrock Tap & Wheel alive, not just sold off for parts. In Marin, where biking and beer are almost a lifestyle, keeping these doors open means jobs stick around, and riders from San Anselmo to Sausalito still get their rentals, gear, and post-ride pints.
The numbers in the Fairfax filing
The court docs say assets are somewhere between $100,001 and $500,000. Liabilities? Between $1,000,001 and $10,000,000.
Noncontingent liquidated debts come in under $3,424,000, though that number could change if the laws do. The filing lists the usual: financial schedules, the 20 biggest unsecured creditors, and ownership details.
This case is No. 26-30316, and attorney Brent D. Meyer of Finestone Hayes LLP is representing Woodtown Sports in the Northern District of California.
Jason Faircloth, who manages the company, signed off on the petition before it went to court. The Chapter 11 move shows they’re trying to reorganize and keep Splitrock’s Fairfax shop, the Kentfield lease, and the taproom—where Marin’s mountain bikers gather—up and running.
Largest unsecured claims
- Lease-related claim by 1 H Street Associates in Kentfield for more than $143,000.
- Other notable unsecured creditors include Kathleen Faircloth, Bank of America, and Lightspeed Commerce USA, Inc.
What comes next for Splitrock Tap & Wheel
The reorganization aims to keep the core stuff going—bike sales, repairs, rentals, and that taproom everyone loves. After paying administrative expenses, there probably won’t be anything left for unsecured creditors, which just shows how much debt is tied up here.
For customers in Fairfax, San Anselmo, and Mill Valley, the big question is whether Splitrock will keep rolling without interruption. Since they’re reorganizing, not closing, folks can expect the shop to stay open while the court process unfolds.
Expect updates on leases, inventory, or staff if anything changes.
Impact on Marin County’s biking and beer scene
Splitrock Tap & Wheel sits right at the heart of Marin’s outdoorsy scene, mixing a bike shop with a 15-tap bar. Riders from Corte Madera, Tiburon, and Sausalito often swing by Fairfax for gear or a pint after tackling Mount Tamalpais.
The bankruptcy filing brings up questions about lease talks, future inventory, and how much service Splitrock can really keep offering. Local businesses across Marin—San Rafael, Ross, and beyond—are watching to see if Splitrock stays that go-to spot for cyclists and beer fans.
Fairfax to Kentfield: a connected cycling economy
In downtown Fairfax, close to the Mountain Access trailheads, and down in Kentfield, this business’s future affects a whole web of bike shops, cafés, and trail crews. Anyone booking rentals in San Anselmo or demoing bikes in Mill Valley is probably hoping for some stability as the court case moves forward.
Meanwhile, Kentfield landlords and creditors are waiting to hear what happens with leases and repayment.
About Splitrock Tap & Wheel
Splitrock Tap & Wheel brings together a full-service bike shop and a lively taproom. They serve Marin County’s mountain-biking crowd from their Fairfax base and a Kentfield lease.
The spot is known for approachable gear selections and solid repair services. Their community-focused vibe keeps cyclists rolling through Marin’s spring and summer.
- Retail bike shop with repair and maintenance services
- Bike rentals and demos so you can try out the latest gear
- On-site taproom with 15 taps and a café
- Community hub for riders from Fairfax, San Anselmo, Dillon Beach–area adventures
Here is the source article for this story: Northern California Bike Shop and Taproom Files for Chapter 11
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