By many accounts, bankruptcy can be a painful, expensive, messy and emotionally draining process that saps company morale and can drag on for years. Not so for Meridian Automotive Systems Inc. The Allen Park, MI, supplier of front- and rear-end modules, lighting, thermoplastics, composites and interior components filed for Chapter 11 bankruptcy protection in April 2005 and emerged at the end of 2006 with a much stronger balance sheet and the vast majority of its workforce and ...

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