How Hasty Purchases Drove Wheel Pros Into Ch. 11

By Emily Lever · October 8, 2024, 6:55 PM EDT

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...

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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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