Oldco Tire Distributors, Inc.

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Case Number:

1:24-bk-12391

Court:

Delaware

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

March 27, 2025
American Tire Gets OK For Ch. 11 Plan After Sale To Creditors

A Delaware bankruptcy judge on Thursday confirmed the liquidation plan of American Tire Distributors Inc. after it completed a roughly $835 million sale of its business to a lender group.
February 10, 2025
American Tire Gets OK For Going-Concern Sale To Lenders

A Delaware bankruptcy judge on Monday said he was "very happy" to approve American Tire Distributors Inc.'s roughly $835 million sale of its business to a lender group in Chapter 11, a deal that will enable the company to preserve jobs and continue selling tires and wheels.
November 25, 2024
Alex Jones Blasts Onion Bid, FTX Tech Deputy Avoids Prison

Alex Jones and a backup bidder linked to his Chapter 7 are challenging the sale of his Infowars website to The Onion, alleging flaws in the auction process. A former FTX's tech deputy can avoid prison time for assisting the FTX fraud case by exposing programming flaws; attorneys who have represented Purdue Pharma can receive $21.2 million in fees for its work during summer. This is the week in bankruptcy.
November 21, 2024
American Tire Gets $250M In DIP Funds, Dodging Lender Row

A Delaware bankruptcy judge on Thursday approved American Tire Distributors Inc.'s $250 million Chapter 11 loan after the company resolved a lender group's challenge to the financing that threatened to upend the case.
October 31, 2024
The Story Behind American Tire's Chapter 22 Bankruptcy

American Tire Distributors, one of the largest replacement tire suppliers in the country, filed its second Chapter 11 bankruptcy, unofficially known as a Chapter 22 in insolvency jargon, in Delaware earlier this month, citing a pandemic-fueled business bubble that has also affected other players in its changing industry.
October 30, 2024
American Tire Floats Ch. 11 Sale Plan To Wrap Up In December

Bankrupt tire and wheel seller American Tire Distributors Inc. proposed a Chapter 11 bid and sale process that it intends to wrap up by the end of December, with a group of secured lenders serving as a stalking horse.
October 29, 2024
Catching Up With New Bankruptcy Case Action

Several companies filed for bankruptcy this past week, grappling with litigation, unforeseen events such as the loss of a key investor, and continued financial challenges stemming from the COVID-19 pandemic and persistent macroeconomic pressures, including high inflation.
October 28, 2024
Ex-Judge Can't Shield Bank Docs; Tupperware Agrees To Sale

Former Bankruptcy Judge David R. Jones lost a bid to shield his banking records from a U.S. Trustee's Office probe into his undisclosed romantic relationship with a onetime Jackson Walker LLP partner.
October 24, 2024
American Tire Gets Interim OK For $250M Ch. 11 Loan

Tire and wheel seller American Tire Distributors Inc. received interim approval Thursday from a Delaware bankruptcy judge to tap a $250 million new-money debtor-in-possession loan provided by its prepetition lenders.
October 24, 2024
Meet The Attys Behind American Tire's Ch. 11

Tire and wheel seller American Tire Distributors Inc. has enlisted attorneys from Kirkland & Ellis LLP and Pachulski Stang Ziehl & Jones LLP to see it through Chapter 11 as the debtor seeks to sell its business and remedy nearly $2 billion in debt.

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