Auto Parts Maker Cadence Heads For Ch. 11
The voluntary petition, filed in the U.S. Bankruptcy Court for the District of Delaware, lists the company's debts between $100 and $500 million and its assets between $10 and $50 million.
Cadence's largest debts include nearly $10 million in loans from Chrysler LLC, $2.4 million in trade to Ventra Group Inc., $1.4 million to Bayer Material Science AG and more than $860,000 to...
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