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.
Bar Date: General Credit...
Effective Date of the Pl...
CANCELLED: Omnibus Heari...
First Day Hearing
Final Hearing on First Day Motions
Final Hearing on DIP Motion
Section 341 Meeting of Creditors
Disclosure Statement Hearing
503(b)(9) Claim Bar Date
Bar Date: General Creditors
Effective Date of the Plan
Bar Date: Governmental Units
Weil, Gotshal & Manges LLP
767 Fifth Avenue
New York, NY 10153
Marcia L. Goldstein
Ray C. Schrock
Debtors' Restructuring Advisors
227 West Monroe Street
Chicago, IL 60606
United States Trustee and Court Information
Office of the United States Trustee
U.S. Federal Office Building
201 Varick Street, Suite 1006
New York, NY 10014
Susan D. Golden
Andrea B. Schwartz
United States Bankruptcy Court
Southern District of New York
One Bowling Green
New York, NY 10004
|15-10578||Chassix Holdings, Inc.||March 12, 2015|
|15-10577||Automotive Properties of New York, LLC||March 12, 2015|
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|15-10580||Chassix, Inc.||March 12, 2015|
|15-10581||Diversified Machine, Inc.||March 12, 2015|
|15-10582||Diversified Machine Bristol, LLC||March 12, 2015|
|15-10583||Chassix Georgia Machining, LLC||March 12, 2015|
|15-10584||DMI Columbus, LLC||March 12, 2015|
|15-10585||Diversified Machine Montague, LLC||March 12, 2015|
|15-10586||Diversified Machine, Milwaukee LLC||March 12, 2015|
|15-10587||DMI Edon LLC||March 12, 2015|
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|15-10589||DMI China Holding LLC||March 12, 2015|
|15-10590||Concord International, Inc.||March 12, 2015|
|15-10591||SMW Automotive, LLC||March 12, 2015|
|15-10592||Automotive, LLC||March 12, 2015|
|15-10593||Chassis Co. of Michigan, LLC||March 12, 2015|
|15-10594||AluTech, LLC||March 12, 2015|