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Fenwick Automotive Introcan File Bankruptcy to Liquidate

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Fenwick Automotive Products Ltd. and Introcan Inc., separately capitalized subsidiaries of Motorcar Parts of America Inc., sought bankruptcy protection to liquidate their assets, Bloomberg News reported yesterday. The companies both listed debt of as much as $500 million and Fenwick listed assets of more than $10 million, while Introcan listed assets of less than $10 million, in chapter 7 documents filed yesterday. Five other affiliates also sought court protection. The lead case is In re Introcan Inc., 11-bk-11499, U.S. Bankruptcy Court, District of Delaware (Wilmington).