Morris Nichols Bankruptcy Alert - ATD Corporation and Certain of Its Affiliates File Chapter 11 Bankruptcy Cases in Delaware

On October 4, 2018, ATD Corporation and certain of its affiliates filed voluntary petitions under Chapter 11 of the United States Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. As a courtesy to our clients and friends, the Morris Nichols Business Reorganization & Restructuring Group has summarized information related to the filings below.

Lead Case No. – 18-12221.

Debtor(s) – ATD Corporation; American Tire Distributors Holdings, Inc.; American Tire Distributors, Inc.; The Hercules Tire & Rubber Company; Terrys Tire Town Holdings, Inc.; Accelerate Holdings Corp.; Hercules Asia Pacific, LLC; Rubbr Automotive Services, LLC; and Tire Pros Francorp.

Description of Debtor(s) – Replacement tire distributors.

Website of Debtor(s) (URL) www.atd-us.com.

Assigned Judge – The Honorable Kevin J. Carey.

Proposed Counsel – The Debtors' proposed bankruptcy co-counsel are Kirkland & Ellis LLP and Pachulski Stang Ziehl & Jones LLP.  

Proposed Financial Advisor – Moelis & Company.

Proposed Restructuring Advisor  – AlixPartners LLP.

Plan Status – No plan was filed with the petitions. 

First Day Hearing – A first day hearing has been scheduled for October 5, 2018 at 1:00 p.m. ET.  

Bankruptcy Documents  –

Please do not hesitate to contact any member of the Morris Nichols Business Reorganization & Restructuring Group if we can be of assistance.

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