Daily Archives: October 9, 2018

American Tire Files for Bankruptcy to Cut Debt by $1.1 Billion

American Tire Distributors Inc., filed for chapter 11 protection in Delaware after reaching a deal with most of its bondholders to cut about $1.1 billion of debt. Bondholders will get equity in a new, reorganized version of the company through … Continue reading

Posted in General | Leave a comment