HHG Corportation, the parent company of Extreme Championship Wrestling, has officially filed for Chapter 11 bankruptcy. The petition was filed in New York on April 4th by Paul Heyman.

The company was listed as having Assets totaling $1,385,500. Included in that number was $860,000 in accounts receivable owed the company by In Demand Network (PPV), Acclaim Entertainment Inc. (video games), and Original San Francisco Toy Company (action figures).

The balance of the assets were the video tape library ($500,000), a 1998 Ford Truck ($19,500) and the remaining inventory of merchandise ($4,000).

The liabilities of the company totaled $8,881,435.17. The bankruptcy filing included hundreds of claims, including production companies, buildings ECW ran in, TV stations ECW was run on, travel agencies, including one owned by Bob Ryder, phone companies, attorney's fees, wrestlers, and other talent.

Two of the largest claims are disputed in the filing , as Annodeus Inc., a division of Acclaim, is listed at $1,000,000 and Farm Club Online, Inc. is listed at 300,000 "as per agreement" with ECW.

The two largest claims not being disputed are the WWF, listed for $587,500 for "Work, labor and services/and or goods sold and delivered" (which is how most creditors are listed) and The Original San Francisco Toymakers, listed at $250,000.00.

Wrestlers and talent were listed, with amounts owed ranging from $0 for Sabu and Steve Corino to hundreds, and in some cases, thousands of dollars. The highest amounts owed to talents are Rob Van Dam ($150,000), Tommy Dreamer ($100,000), Joey Styles ($50,480), Shane Douglas ($48,000) and Francine ($47,275).