Wheel Pros, LLC

  1. October 21, 2024

    Giuliani Tries To Nix Dominion Suit, FTX Exec Seeks Leniency

    Colorado judges are skeptical of Rudy Giuliani's attempt to throw out a defamation lawsuit from a former Dominion Voting Systems executive amid ongoing bankruptcy proceedings, the former head of engineering at FTX is fighting for leniency from a Manhattan federal judge, and a former bankruptcy judge is challenging a subpoena for banking records in an investigation over a secret relationship. This is the week in bankruptcy.

  2. October 15, 2024

    Wheel Pros Gets OK For $1.4B Equity-Swap Ch. 11 Plan

    A Delaware bankruptcy judge on Tuesday approved automotive wheel company Wheel Pros LLC's prepackaged Chapter 11 plan to swap $1.4 billion in senior secured debt for controlling equity in the company.

  3. October 08, 2024

    How Hasty Purchases Drove Wheel Pros Into Ch. 11

    Automotive wheel company Wheel Pros LLC, which is seeking to get its Chapter 11 plan past a creditor vote this week, hit bankruptcy after foundering in debt as it attempted to bounce back from inflation and supply chain woes.

  4. September 26, 2024

    Meet The Attorneys In Wheel Pros' Ch. 11

    Denver-based specialty tire and car accessory producer Wheel Pros has retained teams from Pachulski Stang Ziehl & Jones LLP and Kirkland & Ellis LLP as it plans to hand control of the company to lenders.

  5. September 17, 2024

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

    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 ARB Corp., a move that would bypass the usual Chapter 11 auction.

  6. September 09, 2024

    Red Lobster Plan Confirmed, Big Lots Leads New Ch. 11s

    A string of new Chapter 11 bankruptcies were recently launched in Delaware, including a case from national discount home goods retailer Big Lots, which plans to pursue a going-concern sale. Meanwhile, seafood dining chain Red Lobster is on track to hand over the reins to a new group of owners, led by a secured lender, after the debtor secured confirmation of its Chapter 11 plan.