Kilpatrick Stockton partner John Mills in Atlanta is representing Mitsubishi Motors Credit of America Inc. in the bankruptcy case of a South Carolina car dealer.
Joe Gibson Automotive Inc. of Spartanburg, S.C., on July 16 filed for Chapter 11 protection in U.S Bankruptcy Court for the District of South Carolina. Joe Gibson Automotive filed for bankruptcy after dozens of consumers sued the dealer, claiming fraudulent advertising and business practices.
Mitsubishi Motors Credit is a secured lender in the case, having provided financing to Joe Gibson to purchase vehicles. Mitsubishi Motors Credit is owed about $1.86 million by Joe Gibson Automotive, according to court documents.
McCarthy Law Firm partner Bill McCarthy and Walker & Reibold partner Harry Walker, both of Columbia, S.C., are representing Joe Gibson Automotive.
Joe Gibson Automotive operated Mitsubishi and Suzuki dealerships in Spartanburg and Gaffney, S.C. The largest dealership in Spartanburg closed on Aug. 2, according to the Herald-Journal of Spartanburg.