Automotive Co. Wheel Pros Hits Ch. 11 With Over $1B In Debt

By Emily Lever · September 9, 2024, 11:18 AM EDT

Clearlake Capital-backed automotive wheel company Wheel Pros LLC has filed for Chapter 11 protection in Delaware bankruptcy court with $1.746 billion in debt and a reorganization plan to hand control of...

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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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