ɪn mˈeɪ tˈuː θˈaʊzənd ˈeɪt, stˈiːlbæk ɪmˈɜːdʒd fɹʌm bˈæŋkɹʌptsi pɹətˈɛkʃən, wɪð bˈæɹi ʃˈɜːmən ɐpˈɔɪntɪŋ hɪz sˈʌn, dʒˈɑːnəθən ʃˈɜːmən, ðɪ əfˈɪʃəl ˈoʊnɚ ænd sˌiːˌiːˈoʊ ʌv stˈiːlbæk.
In May 2008, Steelback emerged from bankruptcy protection, with Barry Sherman appointing his son, Jonathon Sherman, the official owner and CEO of Steelback.