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Specializing in insolvency and complex commercial matters since 1974

Rick Johnson Auto & Tire Confirms And Consummates Chapter 11 Plan - December 21, 2012

After a contested confirmation process and lengthy post-confirmation negotiations with multiple creditors, December 21, 2012, the , the Honorable Caryl E. Delano of the United States Bankruptcy Court for the Middle District of Florida, Ft. Myers Division, entered an order confirming the joint Chapter 11 plan by Rick Johnson Auto & Tire and its principals (“Rick Johnson Auto”), which consists of a group of retail tire and automotive service stores. Rick Johnson Auto exits Chapter 11 with significant deleveraging, retaining ownership and operation at all ten locations throughout Southwest Florida, and preserving over seventy (70) jobs. The restructured companies remain a leader in the retail automotive and tire service industry in Southwest Florida. http://www.rjtires.com/ The firm’s representation of the debtors was led by Stephen Leslie and Daniel Fogarty.