Hoonigan, one of the biggest automotive brands to emerge in the 2010s, has filed for chapter 11 bankruptcy in Delaware.
In the filing, it’s revealed that the company is $1.2 billion in debt. Through the restructuring, the company hopes to come out of chapter 11 and secure $570 million in new funding. Vance Johnston, CEO of Hoonigan, called the bankruptcy an important step for the company. From Yahoo Finance: – Lawrence Hodge Read More
