Brief

Zips Car Wash Gets 4-Member Ch. 11 Creditor Committee

By Clara Geoghegan · February 24, 2025, 12:51 PM EST

The U.S. Department of Justice's bankruptcy watchdog named landlords and trade vendors to advocate for unsecured creditors slated to get no recoveries in the Texas Chapter 11 of Zips Car Wash....

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Bankruptcy Scorecard

Summary

Zips Car Wash LLC and nine affiliates filed for Chapter 11 protection in Texas, citing competition, climbing interest rates and nearly $654 million in funded debt, with a restructuring plan in hand to shave off about $279 million.

Case Number

8:25-bk-80069

Judge

Michelle V. Larson

Venue

U.S. Bankruptcy Court for the Northern District of Texas

Capital Structure

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Documents

Related Sections

Case Information

Case Title

Zips Car Wash, LLC

Case Number

8:25-bk-80069

Court

Texas Northern

Nature of Suit

Date Filed

February 05, 2025

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