Freefall Adventures' recently filed for chapter 11 protection, Philly.com reported yesterday. The company, which operates out of Cross Keys Airport in Monroe Township, N.J., is a mainstay in the regional skydiving community, though it has also gained attention over the years for accidents and fatalities, risks commonly associated with the sport. In August, the company's owners, John and Agnes Eddowes, also filed for chapter 13 bankruptcy. The personal bankruptcy documents indicate assets totaling about $6.4 million, with total liabilities of approximately $2.4 million. Freefall's Oct. 2 filing lists assets under $50,000 and liabilities of more than $1 million up to $10 million.
