A POPULAR auto parts distributor with over a billion dollars in debt has filed for bankruptcy as its business continues to operate. The company struggled with inflation costs and a demand decrease. Getty Images - GettyAn iconic auto parts brand has filed for Chapter 11 bankruptcy[/caption] Facebook/HooniganHoonigan is working to resolve over $1 billion in debt.[/caption] Wheel Pros — which changed its name to Hoonigan in 2023 — filed for Chapter 11 bankruptcy in Delaware, the company announced in a September 8 press release. It has entered into a Restructuring Support Agreement (RSA) to resolve about $1.2 billion in debt. It also plans to secure up to approximate
Hence then, the article about iconic auto parts retailer files for bankruptcy to wipe out 1 2bn in debt less than one year after sudden name change was published today ( ) and is available onThe U.S. Sun ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Iconic auto parts retailer files for bankruptcy to wipe out $1.2bn in debt – less than one year after sudden name change )