Zips Cleared For Ch. 11 Vote After Striking $5M Creditor Deal

By Rick Archer · March 18, 2025, 8:24 PM EDT

A Texas bankruptcy judge on Tuesday sent Zips Car Wash LLC's Chapter 11 plan out for an April creditor vote with a settlement that could bring up to $5 million in...

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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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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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