PE Creditor Trust announced that American Suzuki Motor closed the sale of its operating assets to Suzuki Motor of America, a newly-organized, wholly-owned subsidiary of Suzuki Motor Corporation, which will operate as the sole distributor of Suzuki products in the continental U.S., BankruptcyData.com reported today. A bankruptcy court confirmed American Suzuki Motor's Plan on February 28, and the reorganization plan became effective on March 31, when the company closed its assets sale and commenced paying the claims in full of all consensually settling automotive dealers and trade creditors through the PE Creditor Trust established by the reorganization plan.
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