Foley Partner and vice chair of the Bankruptcy & Business Reorganizations Practice Ann Marie Uetz was quoted in an article titled “Advance work helped Lear exit bankruptcy quickly” in the November 8, 2009 issue of Crain’s Detroit Business. Uetz discusses Lear Corp.’s expected emergence from Chapter 11 bankruptcy, noting that it was Lear’s agreement with its creditors that was in place before filing that allowed the company to exit Chapter 11 more quickly than some anticipated. She adds that senior lenders and bondholders forgave Lear’s debt in exchange for most of the equity in the reorganized company.
