USA Cricket (USAC) has filed for bankruptcy before its hearing against American Cricket Enterprises (ACE). The filing under Chapter 11 of the bankruptcy law makes USAC the first member of the ICC to file for bankruptcy in the world. Previously, it was reported that chairperson Venu Pisike was contemplating the step to file for bankruptcy. Therefore, the path followed by the USAC has halted legal hearings in the case pertaining thereto. One of the officials of the ACE blamed USAC for having no aim towards improving its cricket or for the players in the team and blamed the body for acting out of political motives, news in most of the media outlets reported. Here is what stated an ACE representative, as quoted by Cricbuzz: "USAC could not bear for the preliminary injunction hearing to even begin, and knew the result was a forgone conclusion: it had no basis to terminate the parties' agreement and was recklessly imperiling the success of cricket in the US. USAC has zero regard for the best interests of cricket and its players, and is only motivated by politics and its directors' personal agendas", Also Read | Asia Cup 2025 Trophy Row: India vs Mohsin Naqvi Drama The bankruptcy schedule gives an initial insight into USAC's source of funds which include bank cash, accounts receivable, office equipment and other minor assets which have been enumerated. The unsecured claims amount to approximately just over half a million dollars. It has also been stated that the board that rules USAC would not resign. The calls have been continuously pouring in from the ICC and USOPC side. This is to allow for easy procession of the reforms of the government and cash flows being replaced from the worldwide administrative body. For the players, this is certainly a worrying result. Payments under the contract could have been delayed or renegotiated. They will now be in the hands of the court decision-makers. The battle for injunction with the ACE will freeze the cricketing board's pending bankruptcy proceedings. This will in turn move major decisions away from the Colorado court to the federal bankruptcy court.