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3 dni temu · Auto parts maker Wheel Pros, also known as Hoonigan, got approval from a US bankruptcy court for its Chapter 11 reorganization plan.. Judge John T. Dorsey said he’d approve the prepackaged plan, overruling an objection from the US Trustee at a Tuesday hearing. The plan could deleverage the company’s balance sheet by approximately $1.2b, according to court papers
20 wrz 2024 · But now Wheel Pros has filed for Chapter 11 bankruptcy protection, collapsing under more than $1.7bn of debt. Its current equity holders will recover nothing.
3 dni temu · A Delaware bankruptcy judge on Tuesday approved automotive wheel company Wheel Pros LLC's prepackaged Chapter 11 plan to swap $1.4 billion in senior secured debt for controlling equity in the company.
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...
9 wrz 2024 · 1:26. Wheel Pros, a maker of after-market specialty auto parts, filed for bankruptcy protection after struggling with inflation costs and a slump in demand. The Colorado-based company, which...
23 wrz 2024 · DETROIT, Sept. 23, 2024 /PRNewswire/ -- Wrena, LLC, a leading full-service automotive supplier of stamped structural, tubular components, assemblies, and fine blank components, today announced that it has voluntarily filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Eastern District of Michigan to pursue a sale of ...
14 gru 2022 · Alston & Bird restructuring attorney J. Eric Wise analyzes nuances and benefits of bankruptcy proceedings for auto suppliers, where the inability to continue producing a part can disrupt the entire vehicle manufacturing process.
