On April 12, 2021, Automotores Gildemeister SpA of Santiago, Chile filed a petition for relief under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court for the Southern District of New York (Case No. 21-10685) along with several affiliates.  The corporate minutes accompanying the petition indicate that the company contemplates a prepackaged chapter 11 filing. The prepackaged filing is supported by a RSA signed by a group of its main creditors and prearranged DIP financing. The company reports $500 million to $1 billion in both assets and liabilities.

Cole Schotz does not represent the Debtors in this case.  We are posting this for informational purposes only.  If you have received a notice and have any questions, you should contact Debtors’ counsel.

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