Wheel Pros Floats $30M Ch. 11 Sale Of Its 4WP Unit

By Law360 Staff · September 17, 2024, 9:15 PM EDT

Bankrupt automotive wheel company Wheel Pros LLC asked a Delaware bankruptcy court to bless a private $30 million sale of its recently acquired 4WP retail unit to a subsidiary of Australia's...

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Bankruptcy Scorecard

Summary

Colorado-based specialty tire and car part maker Wheel Pros, also known as Hoonigan, hit Chapter 11 with a prepackaged plan to pay off some of its debt and hand control of the company to certain creditors in a debt-for-equity swap.

Case Number

24-bk-11939

Judge

John Dorsey

Venue

U.S. Bankruptcy Court for the District of Delaware

Capital Structure

Total Liabilities:

$1.746 billion

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Documents

Related Sections

Case Information

Case Title

Wheel Pros, LLC

Case Number

1:24-bk-11939

Court

Delaware

Nature of Suit

Date Filed

September 08, 2024

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