Phoenix Rack & Axle, Inc. has voluntarily filed for Chapter 11 bankruptcy protection. The Phoenix-based automotive remanufacturer has been in business for nearly 22 years.
The filings show the company’s gross revenue has declined significantly since 2024. In addition, its liabilities currently outweigh its total assets.
Phoenix Rack & Axle, Inc. Files for Chapter 11
Court records obtained through RK Consultants show that the company submitted its petition on June 30, 2026. Company president Stephen Griffin, who is also the authorized representative, signed the petition prior to filing.
Case records mention Phoenix Rack & Axle, Inc. as a “small business debtor” and show that it has decided to proceed under Subchapter V. Such filings are used by small businesses to complete their bankruptcy in a faster and cost-effective manner…