Contact:
Hartgen
(703) 739-0800
color='#0000ff'>jhartgen@abiworld.org
ABI
RELEASES NEW AUTO
SUPPLIER INSOLVENCIES AND BANKRUPTCIES
size='3'>MANUAL
size='3'>September 25, 2006, Alexandria, Va.
size='3'>— The American Bankruptcy Institute (ABI) has released
the Auto Supplier Insolvencies &
Bankruptcies: Issues for Suppliers and Customers of Financially Troubled
Auto Suppliers manual,
a new publication providing strategies for buyers and sellers in the
auto supply chain both prior and subsequent to a supplier's bankruptcy
filing. The manual was written by the Creditors' Rights Department of
Barnes & Thornburg LLP and edited by Prof. James J. White of the
University of Michigan Law School.
The timely manual features
suggestions for legal strategies related to auto supplier insolvency,
including discussions of:
- Article 2 of the Uniform
Commercial Code as it relates to automotive suppliers and
customers - Accommodation
agreements - Access and security
agreements - Parts banks
- Special tooling lien acts for
cases prior to and after the implementation of the Bankruptcy Abuse
Prevention and Consumer Protection Act of 2005.
Auto equipment
manufacturing concerns have been under financial stress due to high fuel
prices and competitive pressures.
face='Times New Roman' size='3'>Delphi
size='3'>, a former GM unit, was one of five filings in 2005 by auto
industry manufacturers and Dana Corp. filed in early
2006.
The 270-page softbound manual
is available for purchase at ABI’s Online Bookstore. Click here to
order.
href='/source/orders/index.cfm?task=3&SKU=06_010'>
face='Times New Roman' color='#0000ff'
size='3'>http://www.abiworld.org/eseries/source/orders/index.cfm?task=3&SKU=06_0…
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ABI is the largest multi-disciplinary, nonpartisan organization
dedicated to research and education on matters related to insolvency.
ABI was founded in 1982 to provide Congress and the public with unbiased
analysis of bankruptcy issues. The ABI membership includes more than
11,500 attorneys, accountants, bankers, judges, professors, lenders,
turnaround specialists and other bankruptcy professionals, providing a
forum for the exchange of ideas and information. For additional
information on ABI, visit www.abiworld.org. For additional conference
information, visit
href='/Content/NavigationMenu/MeetingsEvents/UpcomingEvents/Events_Intro_Page1.htm'>
color='#0000ff'>http://www.abiworld.org/conferences.html.