American Car Center Files For Chapter 7 Bankruptcy in Delaware

American Car Center files for Chapter 7 bankruptcy protection in Delaware, according to a filing.

• Estimated liabilities: $50m-$100m
• Estimated assets: $50m-$100m
• NOTE: RAC Investment Holdings LLC filed for Chapter 7 in District of Delaware court
  • It is 70% owned by non-debtor RAC Investor LLC, 20% owned by non-debtor American Car Center LLC, according to the filing
  • Affiliates included RAC Asset Holdings LLC, RAC Dealership LLC and three more
• NOTE: Subprime Auto Lender American Car Center Shuts Down Business

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Janine Phakdeetham in Bangkok at jphakdeetham@bloomberg.net

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