Delphi Seeking Bankruptcy Loan Extension
Bankrupt former General Motor parts business Delphi Corp. is seeking an extension of up to six months for about US$4.35 billion in borrowed funds.
Federal-Mogul Coming Out of Chapter 11
(Akron/Tire Review) Six years after filing Chapter 11 bankruptcy, Federal-Mogul has received court approval of its reorganization plan, paving the way for the company to emerge from bankruptcy.
Weld Wheels Files for Bankruptcy
(Akron/Tire Review) According to a news report from the Kansas City Star, Weld Wheel Industries, a Kansas City maker of high-performance automotive wheels, has filed for Chapter 11 bankruptcy protection.
Monro to Acquire ProCare Automotive Out of Bankruptcy
(Akron/Tire Review) Monro Muffler Brake Inc. plans to buy ProCare Automotive Service Solutions Inc., currently in Chapter 11 bankruptcy.
Surviving the Big, Bad B: Confronting Bankruptcy
Bankruptcy looms in your future. If not for you, personally, then for one of your customers, employees or vendors. Chances are good at least one of you will end up in bankruptcy court. Nobody wants to think about bankruptcy. That’s understandable. However, now is the time to give it some serious attention. In April, the
Moody’s Downgrades ATD’s Probability of Default Rating
Moody’s Investors Service downgraded ATD’s Probability of Default Rating (PDR) following the company’s announcement that it had initiated Chapter 11 bankruptcy proceedings.
Tire Pros Dealers Remain Positive About ATD Recapitalization
With American Tire Distributors filing for Chapter 11 bankruptcy this week, Tire Pros dealers have remained optimistic about their parent company’s recapitalization approach.
Pilot Merges With Flying J
(Today’s Trucking) Flying J and Pilot Travel Centers have entered into a preliminary merger agreement that will allow Flying J’s travel plaza business to emerge from Chapter 11 bankruptcy protection.
ATD Reorganization Plan Approved
American Tire Distributors, Inc. (ATD) announced that the United States Bankruptcy Court for the District of Delaware has confirmed the company’s plan of reorganization.
ATD Seeks Court Approval for Reorganization Plan, Receives Support from Stakeholders
American Tire Distributors, Inc.’s plan for Chapter 11 reorganization will go before the court for approval this week, and has already gained near-unanimous acceptance by voting stakeholders, the company said.