TRANSPORTATION TECHNOLOGIES INDUSTRIES, INC. Bankruptcy Filing
Case Number: 24-12303
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TRANSPORTATION TECHNOLOGIES INDUSTRIES, INC. filed a 11 chapter bankruptcy in the District of Delaware bankruptcy court on October 09, 2024. This is a voluntary filing; it was assigned the bankruptcy case number #24-12303.
TRANSPORTATION TECHNOLOGIES INDUSTRIES, INC. Filing Information
TRANSPORTATION TECHNOLOGIES INDUSTRIES, INC. filed for Chapter 11 bankruptcy on October 9, 2024, with case number 24-12303 in the Delaware court. The corporation, based at 38777 Six Mile Road, Suite 410, Livonia MI, is seeking to restructure its debt under the Bankruptcy Code's Chapter 11 provisions. This move marks a significant milestone for the company, which has chosen to seek protection from creditors in an effort to address financial challenges and emerge stronger. As part of this process, the court will oversee the restructuring efforts, ensuring that all stakeholders are treated fairly and that the company can continue to operate while pursuing its reorganization plans.
TRANSPORTATION TECHNOLOGIES INDUSTRIES, INC. filed for bankruptcy on [date], citing significant debt obligations. The company's assets are valued within the $500 million to $1 billion range, while its liabilities also fall within this range. With a substantial number of creditors numbering between 1,000 and 5,000, TRANSPORTATION TECHNOLOGIES INDUSTRIES, INC. is heavily reliant on these stakeholders for repayment. As a leading manufacturer of motor vehicle parts, the company operates at the intersection of automotive supply chains and emerging technologies. The bankruptcy filing signals a major shift for the company, which will need to navigate restructuring and potentially liquidate assets to emerge from this financial challenge.
TRANSPORTATION TECHNOLOGIES INDUSTRIES, INC. 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.
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TRANSPORTATION TECHNOLOGIES INDUSTRIES, INC. Docket Header
JNTADMN, CLMSAGNT |
District of Delaware (Delaware)
Bankruptcy Petition #: 24-12303-JKS
Assigned to: Bankruptcy Judge J Kate Stickles Chapter 11 Voluntary Asset |
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| Debtor Transportation Technologies Industries, Inc. 38777 Six Mile Road Suite 410 Livonia, MI 48152 WAYNE-MI Tax ID / EIN: 25-1672791 |
rep. by |
Joseph M. Barry
Young, Conaway, Stargatt & Taylor 1000 North King Street Wilmington, DE 19801 302-571-6600 Email: jbarry @ ycst.com Jared W Kochenash Young Conaway Rodney Square 1000 N. King Street Wilmington, DE 19801 302-571-6700 Email: jkochenash @ ycst.com |
| U.S. Trustee U.S. Trustee Office of the United States Trustee J. Caleb Boggs Federal Building 844 King Street, Suite 2207 Lockbox 35 Wilmington, DE 19801 (302)-573-6491 |
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| Claims Agent Omni Agent Solutions, Inc. www.omniagentsolutions.com 5955 DeSoto Avenue, Suite #100 Woodland Hills, CA 91367 818-906-8300 |