DESA LLC filed for Chapter 11 Bankruptcy Protection on Decemter 29, 2009. DESA is leading manufacturer of heating products and power tools.
The bankruptcy is in its earliest stages. It has yet to been seen what reclaimation actions will be filed.
The list of DESA’s 35 largest unsecured claims, identifies companies in China(3), Hong Kong(2) and Taiwan. Three of the five top unsecured creditors are Asian.