Zips Car Wash Hits Ch. 11 With Plan To Trim $279M Debt

By Emlyn Cameron · February 6, 2025, 5:15 PM EST

Zips Car Wash LLC and nine affiliates filed for Chapter 11 protection in Texas, citing competition, climbing interest rates and nearly $654 million in funded debt, with a restructuring plan in...

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Bankruptcy Scorecard

Summary

Zips Car Wash LLC and nine affiliates filed for Chapter 11 protection in Texas, citing competition, climbing interest rates and nearly $654 million in funded debt, with a restructuring plan in hand to shave off about $279 million.

Case Number

8:25-bk-80069

Judge

Michelle V. Larson

Venue

U.S. Bankruptcy Court for the Northern District of Texas

Capital Structure

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