Lear prepared to file for bankruptcy next week: Report

Lear prepared to file for bankruptcy next week: Report MSN Money June 25
Auto parts supplier Lear is preparing to file for bankruptcy as soon as next week, reported the Wall Street Journal, citing people familiar with the matter. The news comes as Lear faces a June 30 window, through which lenders agreed to waive existing defaults under primary credit facility. Lear, warning in March it may have to file for bankruptcy, explored alternatives to restructre its debt outside of bankruptcy in the past months. It reported Lear