American Tire Distributors, Inc.

  1. 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.

  2. 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.

  3. 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.

  4. 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. 

  5. 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.

  6. 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.

  7. 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.

  8. October 23, 2024

    American Tire Hits Ch. 11 Again With $1.9B Of Debt, Sale Plan

    Tire and wheel seller American Tire Distributors Inc. has filed for Chapter 11 protection in Delaware bankruptcy court with $1.9 billion of debt and plans to sell the company through a court-supervised process.