Chassix Holdings, Inc.
Case No. 15-10578
Case Background
On July 29, 2015, Chassix Holdings, Inc. and its U.S. subsidiaries (together, “Chassix” or “the Company”) successfully completed a prearranged restructuring and recapitalization and emerged from Chapter 11 bankruptcy protection. Effective in conjunction with the Company’s emergence from Chapter 11, Chassix also announced a newly constituted Board of Directors.
Through its prearranged Chapter 11 plan, Chassix substantially reduced its outstanding debt obligations, secured approximately $300 million in new exit financing, including $150 million from certain of the Company’s prepetition noteholders, and secured significant long-term new business commitments and support from its largest customers. The Company believes this has created a strong foundation for long-term success.
As previously announced, Chassix’s prearranged Chapter 11 plan was confirmed by the U.S. Bankruptcy Court for the Southern District of New York on July 9, 2015. Additional information about the prearranged restructuring and recapitalization is available on this site.
Important Information & Dates
Bar Date for Filing Proofs of Claim
The Bankruptcy Court has set the following deadlines for filing proofs of claim against the Debtors:
- 503(b)(9) Claims (goods delivered in the 20 days before March 12, 2015): May 11, 2015
- General Bar Date (all creditors other than Governmental Units): May 21, 2015
- Governmental Unit Bar Date: September 9, 2015
Click on "Submit a Claim" above to download a proof of claim form and for more information regarding filing a claim against the Debtors.
Confirmation of the Plan
On July 9, 2015, the Bankruptcy Court entered an order confirming the Plan. On July 29, 2015, the Effective Date of the Plan occurred, and the Plan was consummated.
Dates
Parties
Debtors' Counsel
-
Weil, Gotshal & Manges LLP
767 Fifth Avenue
New York, NY 10153
http://www.weil.com
Phone: 212.310.8000
Fax: 212.310.8007
Marcia L. Goldstein
Ray C. Schrock
Debtors' Restructuring Advisors
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FTI Consulting
227 West Monroe Street
Suite 900
Chicago, IL 60606
http://www.fticonsulting.com
Phone: 312.759.8100
Fax: 312.759.8119
Armen Emrikian
United States Trustee and Court Information
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Office of the United States Trustee
U.S. Federal Office Building
201 Varick Street, Suite 1006
New York, NY 10014
http://www.usdoj.gov/ust/r02
Phone: 212.510.0500
Fax: 212.668.2255
Susan D. Golden
Andrea B. Schwartz
-
United States Bankruptcy Court
Southern District of New York
One Bowling Green
New York, NY 10004
http://www.nysb.uscourts.gov/
Phone: 212.668.2870
Debtors
| Case Number | Debtor Name | Petition Date |
|---|---|---|
| Case Number 15-10578 | Debtor Name Chassix Holdings, Inc. | Petition Date March 12, 2015 |
| Case Number 15-10577 | Debtor Name Automotive Properties of New York, LLC | Petition Date March 12, 2015 |
| Case Number 15-10579 | Debtor Name UC Holdings, Inc. | Petition Date March 12, 2015 |
| Case Number 15-10580 | Debtor Name Chassix, Inc. | Petition Date March 12, 2015 |
| Case Number 15-10581 | Debtor Name Diversified Machine, Inc. | Petition Date March 12, 2015 |
| Case Number 15-10582 | Debtor Name Diversified Machine Bristol, LLC | Petition Date March 12, 2015 |
| Case Number 15-10583 | Debtor Name Chassix Georgia Machining, LLC | Petition Date March 12, 2015 |
| Case Number 15-10584 | Debtor Name DMI Columbus, LLC | Petition Date March 12, 2015 |
| Case Number 15-10585 | Debtor Name Diversified Machine Montague, LLC | Petition Date March 12, 2015 |
| Case Number 15-10586 | Debtor Name Diversified Machine, Milwaukee LLC | Petition Date March 12, 2015 |
| Case Number 15-10587 | Debtor Name DMI Edon LLC | Petition Date March 12, 2015 |
| Case Number 15-10588 | Debtor Name Mexico Products I, LLC | Petition Date March 12, 2015 |
| Case Number 15-10589 | Debtor Name DMI China Holding LLC | Petition Date March 12, 2015 |
| Case Number 15-10590 | Debtor Name Concord International, Inc. | Petition Date March 12, 2015 |
| Case Number 15-10591 | Debtor Name SMW Automotive, LLC | Petition Date March 12, 2015 |
| Case Number 15-10592 | Debtor Name Automotive, LLC | Petition Date March 12, 2015 |
| Case Number 15-10593 | Debtor Name Chassis Co. of Michigan, LLC | Petition Date March 12, 2015 |
| Case Number 15-10594 | Debtor Name AluTech, LLC | Petition Date March 12, 2015 |