WILMINGTON, Del, Aug 19 – Marker International and two affiliates filed for Chapter 11 bankruptcy protection Thursday in U.S. Bankruptcy Court in Delaware, according to court papers.

The Salt Lake City manufacturer of ski bindings and snowboards listed assets of $6.3 million and debts of $78.2 million.

Among the 20 largest unsecured creditors is Isomura Sangyo Kaisha Ltd. of Tokyo, with a claim of $12.2 million in series A bonds; and Manufacturers and Traders Trust Co. of Buffalo, N.Y., with a $3.7 million claim in foreign exchange contracts.

Marker president Henry Tauber owns 40.4 percent of the voting securities, and Ralano Family Partners Ltd owns 9 percent, court papers said.

Marker is a holding company that operates through two affiliates, DNR North America Inc and DNR USA Inc, which were both included in the bankruptcy filing. The company is a licensee of the 2004 Winter Olympic Games to be held in Salt Lake City.

In March, Marker said it had agreed to be acquired by CT Sports Holding AG of Switzerland, a 50-50 joint venture between Tecnica SpA and the principal shareholder of the Voelkl Group, Hans-Dieter Cleven.

Marker chief executive Peter Weaver told Reuters the purchase agreement Marker signed with CT on July 31 provided for the sale to be effected through a pre-negotiated Chapter 11 bankruptcy proceeding, commencing no later than Aug. 20.

The CT sale closing would take place on confirmation of Marker’s reorganization plan.

Weaver said Marker had successfully restructured all of its major creditor agreements, including those with preferred shareholders, bondholders, and bank lenders.

He said the company hoped to emerge from under Chapter 11 protection in 30-50 days.

Bankruptcy Judge Mary Walrath was scheduled Thursday to consider Marker’s motions allowing it to continue normal business operations while it reorganizes.

Marker shares fell 4 cents to 27 cents on the OTC Bulletin Board system.