US Fidelis, once regarded as the nation’s No. 1 seller of extended auto service, and a former sponsor with Rusty Wallace Racing, filed for Chapter 11 bankruptcy on Monday in U.S. bankruptcy court in St. Louis. According to court documents, Rusty Wallace Racing is among the 20 creditors holding the largest unsecured claims against the company. Court documents show that US Fidelis owes Rusty Wallace Racing $535,439.18. US Fidelis was listed as the primary sponsor on Steven Wallace’s car for 25 of the 35 Nationwide races last year and on teammate Brendan Gaughan’s car in 10 of the 35 Nationwide races last year.(Hampton Roads)(3-2-2010)
