Bankruptcy & Restructuring News & Analysis
Bankruptcy & Restructuring News Headlines for Wednesday Feb 12, 2025

Bankruptcy & Restructuring News Headlines for Tuesday Feb 11, 2025

Bankruptcy & Restructuring News Headlines for Monday Feb 10, 2025

Zips Car Wash Files Chapter 11 with Plan to Reduce Debt by $279 Million

Zips Car Wash, operating over 260 locations across 23 states, has filed for Chapter 11 bankruptcy protection with a pre-negotiated plan to reduce its debt by $279 million. The company enters bankruptcy with full support from its lenders and plans to maintain normal operations throughout the restructuring process, which is expected to complete within 65 days.
Franchise Group Files Disclosure Statement in Delaware Bankruptcy, Details Restructuring Plan

Franchise Group, Inc., operator of retail brands including The Vitamin Shoppe and Pet Supplies Plus, has filed its disclosure statement detailing plans to restructure nearly $2 billion in debt through its Chapter 11 bankruptcy process. The company's comprehensive plan includes potential debt-to-equity conversions and strategic asset sales as it navigates challenging retail market conditions.