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

May
21

Bar Date: General Credit...

5:00 PM (ET)
July
29

Effective Date of the Pl...

___________
February
24

CANCELLED: Omnibus Heari...

11:00 A.M. (ET)
March
12
_________
March
13
10:00 AM (ET)
May
11
5:00 PM (ET)
September
16
11:00 AM (ET)

Omnibus Hearing

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

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

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
15-10578 Chassix Holdings, Inc. March 12, 2015
15-10577 Automotive Properties of New York, LLC March 12, 2015
15-10579 UC Holdings, Inc. March 12, 2015
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
15-10588 Mexico Products I, LLC March 12, 2015
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