Skinny Nutritional Corp. filed a voluntary Chapter 11 petition in the United States Bankruptcy Court for the Eastern District of Pennsylvania on May 3, 2013. The company, manufacturer of "Skinny Water" and other Skinny branded products, sought bankruptcy protection in order to avoid a forfeiture of the company's most important and valuable assets; namely its intellectual property rights. The Chapter 11 filing was in response to actions and increasing demands from the Company's lender Trim Capital, LLC. The Company claims Trim failed to complete its financing obligations under an agreement which would have provided up to $15 million in funding, funding only $1.27 million of its obligations to the company. Following that failure, Trim arranged a UCC foreclosure which would have resulted in the company's substantial intellectual property rights being lost to Trim. The company reports that business will operate as usual, while it restructures its obligations.

Michael Salaman, the company's board cChairman and CEO, reports: "The company filed Chapter 11 to preserve value for the shareholders. In the absence of the reorganization filing, the company would be left without recourse. The loss of the trademarks would have been devastating to the company. We have already opened discussions with a number of parties for the restructuring of the company. We believe that the enterprise value of the company can be saved and restored. The company had no way of moving forward with a threatened foreclosure looming. The company is taking all necessary steps to secure its long term position in the industry. In the interim, Skinny Water continues to be in demand and will continue to be on the shelves of certain retailers. The company believes that future sales are promising. We see a future with for the company and the skinny brand."

Headquartered in Bryn Mawr, PA., Skinny Nutritional Corp., the creators of Skinny Water, a zero-calorie, zero-sugar, zero-sodium and zero-preservative enhanced water with key electrolytes, antioxidants, and vitamins.