New Delaware Chapter 11 Filing – United Road Towing, Inc.

Save as PDF

United Road Towing, Inc. and twenty-seven of its affiliates and subsidiaries have filed voluntary petitions for relief under Chapter 11 in the Bankruptcy Court for the District of Delaware (Case No. 17-10249).  The Debtors, headquartered in Mokena, IL, offer vehicle towing, recovery and impound services through a variety of brand names in eight different states.  According to the First Day Declaration, the Debtors intend to sell substantially all of their assets through one or more § 363 sales overseen by the Court.  Wells Fargo, the Debtors’ pre-petition first lien lender, is the proposed DIP LenderRust Consulting/Omni Bankruptcy is the proposed claims agent.  The cases have been assigned to the Honorable Laurie Selber Silverstein.

Contact Norman L. Pernick and Nicholas J. Brannick for more information.

As the law continues to evolve on these matters, please note that this article is current as of date and time of publication and may not reflect subsequent developments. The content and interpretation of the issues addressed herein is subject to change. Cole Schotz P.C. disclaims any and all liability with respect to actions taken or not taken based on any or all of the contents of this publication to the fullest extent permitted by law. This is for general informational purposes and does not constitute legal advice or create an attorney-client relationship. Do not act or refrain from acting upon the information contained in this publication without obtaining legal, financial and tax advice. For further information, please do not hesitate to reach out to your firm contact or to any of the attorneys listed in this publication.

Join Our Mailing List

Stay up to date with the latest insights, events, and more

Check all areas of law you are interested in receiving e-newsletters and alerts about:(Required)
This field is for validation purposes and should be left unchanged.

Our Practices



Our Industries