Lear files for Chapter 11 protection after getting needed support
Publication date: Wed, 07/15/2009
Struggling auto parts supplier Lear filed for Chapter 11 bankruptcy protection after receiving the support it needed from lenders & bondholders. The move was expected from Lear, which missed an interest payment on its bond debt last week & revealed its intention to seek court protection from creditors. The Southfield, MI-based company made the filing in the Bankruptcy Court for NY
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