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Heafner Tire changed its name to American Tire Distributors (ATD) in 2002. [6] American Tire Distributors was acquired by TPG Capital in 2010. [7] ATD filed for Chapter 11 bankruptcy protection in October 2018, seeking to cut $1.1 billion of the company's debt. [8] ATD received assistance refinancing from investors, including Wells Fargo. [9]
S. Safari Motorcoach Corporation; Samsonite; Santa Fe Station; Saturn Corporation; Saxbys Coffee; Sea Launch; Shane Company; Silicon Graphics; Simmons Bedding Company
Chapter 11 of the United States Bankruptcy Code (Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whether organized as a corporation, partnership or sole proprietorship, and to individuals, although it is most prominently used by corporate entities. [1]
A fall from grace. Founded in 1978, The Container Store went public on Nov. 1, 2013, pricing its initial public offering at $525 per share. By the close of trading that day, shares closed at $543.
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More Big Lots closures are on the way. On Monday, the discount retailer announced it plans to close more stores under new leadership, an affiliate of Nexus Capital Management LP.Back in July, Big ...
New § 362(c)(3) provides that if the debtor files a chapter 7, 11 or 13 case within one year of the dismissal of an earlier case, the automatic stay in the present case terminates 30 days after the filing, unless the debtor or some other party in interest files a motion and demonstrates that the present case was filed in good faith with ...
Aerosoles (AGI HoldCo) filed for Chapter 11 bankruptcy in September 2017 and closed 74 retail stores, leaving only four flagship stores in New York and New Jersey. [9] Aéropostale filed for Chapter 11 bankruptcy in May 2016 and closed 113 stores in the United States, along with all of its 41 stores in Canada. [10] It emerged from bankruptcy in ...
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