TITLE

Key creditors feel crunch, may launch legal action

AUTHOR(S)
McCracken, Jeffrey
PUB. DATE
March 2000
SOURCE
Automotive News;3/27/2000, Vol. 74 Issue 5867, p28R
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports on the threat of suppliers and creditors of Key Plastics LLC to file lawsuits against the automotive plastic maker to get their money back. Companies' concern that Key might file a Chapter 11 bankruptcy protection; Key's failure to pay bond debt on March 15, 2000; Suppliers' decision to withhold parts and to take back parts for which they were never paid.
ACCESSION #
2982724

 

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