Filing Alert: Eddie Gilstrap Motors Chapter 11

Eddie Gilstrap Motors, Inc., a Salem, IN-based automobile dealership, filed for Chapter 11 protection on Oct. 24 in the U.S. Bankruptcy Court for the Southern District of Indiana.

The company reports $0 to $50 thousand in assets and $10 million to $50 million in liabilities. The filing indicates that no funds will be available for distribution to unsecured creditors after administrative expenses are paid. The case number is 26-91230.

Top Unsecured Claims

Key Parties

Counsel:

• Michael McClain
  McClain Law Group, PLLC
  Email: mmcclain@mcclainlawgroup.com

Signatories:

• John Flynn – CFO

Bondoro Insights is continuing to monitor this case and will provide further coverage as appropriate.

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