Bankruptcy Reorganization Chapter 11

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Bankruptcy Reorganization Chapter 11

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July 08, 2016

Clark-Cutler-McDermott Company Files Chapter 11

  • Debtor Name:  Clark-Cutler-McDermott Company
  • Year Filed:  2016
  • Jurisdiction:  United States Bankruptcy Court / District of Massachusetts
  • Asset Size:  10,000,000 to 100,000,000
  • Case Number:  16-41188
  • Industry:  Automobile/Auto Parts/Services, Manufacturing

The Franklin, Massachusetts-based, Debtor develops products for the automotive acoustical industry.  According to the Debtors' Declaration, The Debtors generate more than 80% of their revenue from sales to General Motors through unprofitable contracts.  "As illustrated by its General Terms and Conditions, the GM Contracts are highly favorable for GM and equally unfavorable for the Debtors".

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