TOS WHEELS AND TIRES MARYSVILLE, LLC Bankruptcy Filing

TOS WHEELS AND TIRES MARYSVILLE, LLC Filing Information

TOS WHEELS AND TIRES MARYSVILLE, LLC filed for bankruptcy on October 6, 2024, with case number 24-12550. The corporation, based at 9023 State Ave., Marysville, WA, has opted to seek reorganization under the bankruptcy laws. This move comes as the company navigates financial challenges. Judge Christopher M Alston presides over this matter in the Washington Western Court. TOS WHEELS AND TIRES MARYSVILLE, LLC's bankruptcy filing is a significant development for the organization, indicating that it will be seeking protection from its creditors under Chapter 11 of the Bankruptcy Code. The specifics of the bankruptcy proceedings and plans for reorganization are yet to be disclosed.

TOS WHEELS AND TIRES MARYSVILLE, LLC has filed for bankruptcy, marking a significant milestone for the automotive parts retailer. According to court documents, the company's assets range from $100,001 to $1,000,000, which may not provide substantial value in the event of liquidation. TOS WHEELS AND TIRES MARYSVILLE, LLC is facing a relatively modest number of creditors, ranging between 1-49, indicating that the company's debtors are likely few and far between. The liabilities also fall within this range, with estimated values between $100,001 and $1,000,000. As an automotive parts, accessories, and tire stores industry player, TOS WHEELS AND TIRES MARYSVILLE, LLC is well-positioned to navigate the bankruptcy process, with a limited number of stakeholders and manageable financial obligations. The company's filing for bankruptcy will likely have implications for its employees, customers, and suppliers, and will be closely monitored by creditors and industry experts as the case unfolds.

TOS WHEELS AND TIRES MARYSVILLE, LLC indicated on its bankruptcy petition that it does not expect there will be sufficient assets in the estate to make a payment to the unsecured creditors.