ATD Emerges From Chapter 11 Bankruptcy
American Tire Distributors, Inc. completed its financial recapitalization and emerged from Chapter 11 bankruptcy.
ATD Files for Chapter 11 Bankruptcy Upon Agreement with Bondholders
American Tire Distributors, Inc. (ATD) voluntarily filed for Chapter 11 bankruptcy after reaching a deal with bondholders on a recapitalization plan.
Alabama’s Big 10 Tires Files Chapter 11 Bankruptcy
Mobile, Ala.-based Big 10 Tire Stores Inc. filed for Chapter 11 bankruptcy protection in order to reorganize its finances.
Dana Files for Chapter 11 Bankruptcy
(Akron/Tire Review) Dana Corp. and 40 of its subsidiary companies in the U.S. filed for Chapter 11 bankruptcy Mar. 3.
ATD Names ‘Critical Vendors’ in Chapter 11 Filing
With more than $600 million in debt to its top vendors, American Tire Distributors (ATD) and its subsidiaries have been granted interim permission by the court to allow them to pay back some of that debt to “critical vendors” during its Chapter 11 restructuring.
Sears Holdings Files For Voluntary Chapter 11; Initiates Processes To Facilitate Financial Restructuring
In a move to streamline its operating model and grow profitably for the long-term, Sears and some its subsidiaries have filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code.
In Perspective: What ATD Filing for Bankruptcy Really Means
Tire Review Editor Patti Hoying says that ATD filing for Chapter 11 bankruptcy is a move that, overall, is a positive one, for dealers.
ATD CEO’s Letter to Tire Pros Dealers on Bankruptcy Filing
Stuart Schuette, ATD’s CEO and president, sent a letter to its Tire Pros dealers regarding American Tire Distributors filing for Chapter 11 bankruptcy, reassuring them that it will be “business as usual” with no lapse in service or commitment to them throughout the process.
Exide Gets Interim DIP Financing OK After Bankruptcy Filing
Just a day after announcing that it was entering Chapter 11 bankruptcy, battery-maker Exide Technologies received interim U.S. court approval of a $500 million debtor-in-possession financing agreement with JP Morgan Chase N.A. The fresh capital will help Milton, Ga.-based Exide continue "uninterrupted operation of its global business." Only Exide Technologies’ U.S. operations – including its
Tax Issues Force 50 Below to C11 Bankruptcy
Duluth, Minn.-based tire and automotive industry web developer 50 Below has filed for Chapter 11 bankruptcy in Minnesota.