North Carolina Auto Glass Shop Files for Reorganization

A-1 Auto Glass Inc. (A-1) filed for voluntary Chapter 11 bankruptcy petition in North Carolina’s Middle District Court earlier this month. The company is headquartered in Yadkinville, N.C., according to the bankruptcy protection form.

According to A-1’s filed voluntary Chapter 11 bankruptcy petition, it is a small business debtor, and its aggregate no contingent liquidated debts (excluding debts owed to insiders or affiliates) are less than $2.8 million. “The debtor’s aggregate non contingent liquidated debts (excluding debts owed to insiders or affiliates) are less than $7,500,000, and it chooses to proceed under subchapter five of Chapter 11,” a portion of the filed voluntary bankruptcy petition reads.

A-1 stated its assets range from $0 to $50,000 and has liabilities ranging from $100,001 to $500,000 in its filed petition. The business also stated its number of creditors range from one to 49 in the filed petition.

Following A-1 filing for voluntary Chapter 11, there was a motion for an order shortening notice and scheduling expedited hearing to convert the case to chapter seven. The presiding judge recently issued an order granting the motion. A hearing will be held on December 1, 2020.

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