« POPE 5 Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next

Lynn Tilton’s Dura Files Bankruptcy so Tilton Can Buy it Back,,,,,ONLY IN AMARICA I GUESS,,,,,,, 

By: capt_nemo in POPE 5 | Recommend this post (1)
Mon, 21 Oct 19 5:59 AM | 23 view(s)
Boardmark this board | Pope 5
Msg. 42761 of 62138
Jump:
Jump to board:
Jump to msg. #

Lynn Tilton’s Dura Files Bankruptcy so Tilton Can Buy it Back
Oct. 17, 2019, 7:10 AM; Updated: Oct. 17, 2019, 10:37 AM


Distressed-debt financier Lynn Tilton put Dura Automotive Systems LLC into bankruptcy with plans to buy the automobile parts company back at a court-approved auction.

The filing in Nashville, Tennessee, comes as Tilton continues several years-long court battles with creditors for ownership of many of the companies she controls through various funds and holding companies. One of those entities, Zohar III Corp., is also in bankruptcy.

Tilton blamed Dura’s filing on one of those ongoing disputes, saying the fight has blocked the company from getting the financing it needs to grow. Bond insurer MBIA Inc.has been leading the effort to...

To read the full article log in. To learn more about a subscription click here.


http://news.bloomberglaw.com/bankruptcy-law/tiltons-dura-automotive-systems-files-for-chapter-11-bankruptcy




Avatar

Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.




» You can also:
« POPE 5 Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next