Car Parts Maker Contech Files For Ch. 11

Law360, New York (February 2, 2009, 12:00 AM EST) -- The latest auto parts maker to seek Chapter 11 protection, Contech LLC has filed for bankruptcy, citing its lenders' effective seizure of its operating cash spurring more than $5 million in bad checks.

Portage, Mich.-based Contech filed for bankruptcy protection Friday in the U.S. District Court for the Eastern District of Michigan, listing liabilities of $100 million to $500 million and assets in the same range.

The bankrupt auto parts maker is asking that the bankruptcy of related entities MAG Contech and Contech U.S. LLC be...
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