Parts Maker Maremont Corp. Seeks Chapter 11 Pre-Approval From Asbestos Claimants

Mealey's (December 5, 2018, 2:26 PM EST) -- TROY, Mich. — A subsidiary of commercial vehicle and industrial products maker Meritor Inc. is planning a “prepackaged” Chapter 11 bankruptcy reorganization to shed its asbestos liabilities through a Section 524(g) trust — if it wins approval of voting asbestos personal injury claimants, the parent company said in a Dec. 4 news release....