Chapter 11 Archives - aftermarketNews
Icahn Enterprises Announces Chapter 11 for Auto Plus

Auto Plus expects to continue to operate its business in the ordinary course and plans to run a sale process for substantially all its assets during the Chapter 11 case.

Lumileds Announces Reorganization Plan

Lumileds plans to emerge from Chapter 11 the week of Oct. 31, 2022.

Lumileds Receives Court Approval of First Day Motions

The company has obtained interim approval to access up to $275 million of DIP financing.

Lumileds Announces Restructuring Agreement 

To implement the restructuring plan, Lumileds has commenced voluntary prepackaged Chapter 11 proceedings, limited to its U.S. and Netherlands operations.

Garrett Motion Successfully Completes Chapter 11 Restructuring

Company raises $1.3 billion of new equity from Centerbridge, Oaktree and existing stockholders.

Garrett Motion Gets Closer To Emergence From Chapter 11

Garrett plans to emerge from Chapter 11 by the end of April 2021.

Garrett Motion Picks ‘Enhanced’ Proposal For Reorg

Company targets emergence from Chapter 11 by April 30, 2021.

Exide Technologies Gets Court Approval Of First Day Motions

Company to uphold its commitments to employees, customers and suppliers during bankruptcy process.

Bob Bondurant School Of High Performance Driving Appoints Chief Restructuring Officer

The United States Bankruptcy Court for the District of Arizona has approved the appointment of Timothy H. Shaffer of Clotho Corporate Recovery, LLC as Bondurant’s chief restructuring officer.

Sears Holdings Files For Voluntary Chapter 11; Initiates Processes To Facilitate Financial Restructuring

The company has announced its intent to reorganize around a smaller store platform, and is evaluating the potential sale of stores, and additional store closures.

Bob Bondurant School Of High Performance Driving Files For Chapter 11 Protection

In the statement, the racing school said this was a “difficult yet important step toward becoming a stronger company.”

American Tire Distributors Files For Voluntary Chapter 11 Reorganization

ATD also entered into a definitive agreement with bondholders to reduce debt by $1.1 billion through court-supervised process.