Judge Clears Delphi Debt Refinance Plan
NEW YORK - A federal bankruptcy judge on Friday approved a plan by auto parts maker Delphi Corp. to borrow $4.5 billion to refinance debt and lower its monthly interest expenses. Lawyers for Troy, Mich.-based Delphi said the refinancing, expected to close next week, would save the company $8

Publication: AP Online

Personal bankruptcies peaking, study says, but root causes remain
PATRICIA LAMIELL AP Business Writer AP Online 07-28-1998 NEW YORK (AP) _ Personal bankruptcy filings, which have grown to record levels in recent years, will level off this year and decline in 1999, according to a study released Tuesday. The decline in filings reflects a drop in interest rates,

Publication: AP Online

Dead deal; Strauss in bankruptcy; Monro Muffler backing out of plan to buy chain.
Byline: Lisa Hockensmith Monro Muffler Brake Inc.'s planned $13 million acquisition of Strauss Discount Auto is possibly a dead deal after Strauss filed for bankruptcy protection. Monro elected not to exercise its option to buy the remaining 87-percent stake of the automotive service chain though

Publication: Tire Business

Michigan auto supplier to skip bond payment, lay off 200 workers.
Byline: Jeffrey McCracken Sep. 15--Auto supplier Oxford Automotive Inc., beset by heavy debt, struggling North American plants and rising steel prices, is six months behind on reporting its finances to the SEC. The company plans to lay off nearly 200 people in Michigan and has been unsuccessfully

Publication: Detroit Free Press (Detroit, Michigan) (via Knight-Ridder/Tribune Business News)

Turnaround expert says U.S. auto-parts suppliers face tough road
TERRY KOSDROSKY AP Worldstream 06-22-2006 Dateline: CHICAGO A leading turnaround adviser on Thursday painted a bleak picture for the automotive parts supplier industry, saying that high debt levels and falling volumes at U.S. auto makers could lead to more defaults and filings for bankruptcy

Publication: AP Worldstream

Cedar Falls, Iowa, garbage truck maker files for bankruptcy after 44 years.
Byline: Pat Kinney Mar. 4--CEDAR FALLS -- A 44-year-old family-run garbage truck manufacturer has filed for bankruptcy and will be put up for sale to refinance the plant's continuing operations. Wayne Engineering filed for Chapter 11 bankruptcy protection in July, and this week voluntarily

Publication: Waterloo Courier (Waterloo, IA)