Hard Road Ahead For Bankrupt Dana Corp.

Law360, New York (March 6, 2006, 12:00 AM EST) -- A routine first hearing in Dana Corp.’s $7.9 billion bankruptcy wrapped up Monday without any hitches, but the auto parts maker can hardly expect smooth sailing in the complicated proceedings, experts say.

In Monday’s hearing, a bankruptcy court gave Dana permission to pay its utility bills and taxes, and to fill orders it received before filing for Chapter 11 protection.

Bankruptcy court Judge Burton Lifland said suppliers should continue to honor their contracts with Dana in order to ensure the parts maker’s continued operation.

“Disruption is...
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