Bankruptcy Reorganization Chapter 11

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Bankruptcy Reorganization Chapter 11

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January 08, 2008

Heartland Automotive Holdings, Inc. files for Chapter 11

Omaha based, Heartland Automotive Holdings, Inc., filed for chapter 11 bankruptcy protection yesterday at the United States Bankruptcy Court for the Northern District of Texas.  On its bankruptcy petition, the debtor lists between $100-$500 in assets and liabilities.  Additionally, the debtor lists BMP-SPV (J) LTD of the Cayman Islands as the largest unsecured creditor with a notes claim of almost $60 million.  Heartland Automotive Holdings, Inc. is represented by White & Case LLP and Forshey & Prostok, LLP. 

Heartland Automotive Holdings, Inc. is the largest franchisee of Jiffy Lube in the United States- operating 438 quick-oil-change stores in 20 states.

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