Major auto parts brand moves Chapter 11 bankruptcy to liquidation
The major auto parts manufacturer's Chapter 11 reorganization failed, and it will now liquidate.
The automobile aftermarket sector has faced indispensable economic injury in the final year, with a lot of auto parts outlets and manufacturers filing for financial bother protection to reorganize their corporations.
In certain cases, the reorganizations can mean survival for the auto parts exchange, but typically the financial bother process fails, and a company can personal to liquidate.
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