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11 paź 2024 · Wheel Pros, which operates as auto parts distributor and retailer Hoonigan, filed for a prepackaged Chapter 11 bankruptcy on Sept. 9 that would eliminate $1.2 billion in debt and provide...
6 dni temu · The U.S. operations of Michigan-based auto parts manufacturer Accuride Corp. have filed for protection from their creditors, with executives saying they plan to sell parts of the business. In documents filed with the U.S. Bankruptcy Court for the District of Delaware, Accuride leaders say the company’s financial troubles stem from, among ...
1 lut 2023 · On January 31, 2023, IEH Auto Parts Holding LLC and its subsidiaries (collectively, "Auto Plus" or the “Debtors”) filed their voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code (the "Bankruptcy Code").
1 lut 2023 · On January 31, 2023, IEH Auto Parts Holding LLC d/b/a Auto Plus, an automotive aftermarkets parts distributor, along with several affiliates, filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the Southern District of Texas (Case No. 23-90054).
14 gru 2022 · First, the automatic stay of Section 362 of the Bankruptcy Code stops enforcement action. Second, debtor’s property becomes an estate known as “property of the estate.” Third, the supplier will need liquidity, which can come from two sources—existing cash or new financing.
20 sty 2023 · Dykema member Sheryl Toby explains why Chapter 11 is not the best route for troubled auto parts suppliers. Responding to a previous Insight, she analyzes why out-of-court processes are preferred and provide better outcomes for all parties.
18 lut 2022 · If your business is behind on its bills, struggling with too much debt and besieged by creditors, you may be able to catch a break with Chapter 11 bankruptcy and get back on track.
