April 2009
Dan Weiner and Ryan Heilman recently wrote an article for the Turnaround Management Association which was published in the Journal of Corporate Renewal (Apr. 2009). The article, entitled Auto Industry Changes Threaten Delicately Balanced System, discusses the changing landscape of automotive insolvencies in the current industry turbulence. Mr. Weiner and Mr. Heilman describe the industry dynamics, based on the troubled credit markets, general lack of liquidity and recent changes to the Bankruptcy Code, that is causing more and more small and middle market automotive suppliers to simply shut their doors and liquidate out of court instead of commencing Chapter 11 bankruptcy cases.
Auto Industry Changes Threaten Delicately Balanced System, The Journal of Corporate Renewal (Apr 2009).