Overview
- Phoenix Pride has filed for Chapter 11 in the U.S. Bankruptcy Court for the District of Arizona to reorganize its finances while continuing to operate.
- The board cited rising operating costs, falling revenue, lost major sponsors, and a strained fundraising climate as reasons for the filing.
- Court records list several unsecured creditors, including roughly $11,770 on a Wells Fargo Business Elite card, about $1,600 to Oracle Event Group, and a disputed $418,886.31 claim from Pride Group, LLC.
- Phoenix Pride says it will keep serving the community and work with legal and financial advisers to develop a sustainable plan for future events and programs.
- The filing follows other local failures such as Tucson Pride’s shutdown and raises wider questions about the long‑term viability of large-scale Pride organizations in Arizona, with upcoming bankruptcy filings expected to clarify liabilities and event plans.