From January 19, 2011 through January 25, 2011, the liquidating trustee for Noble International Ltd. and 14 affiliates (the “Noble International”) filed 173 avoidance actions under Chapter 5 of the Bankruptcy Code in the Bankruptcy Court for the Eastern District of Michigan (Detroit Division).  The filing of bankruptcy preference actions is no surprise (see our January 9, 2010 report of 2009 Automotive Supplier Bankruptcies).   As part of its Plan of Liquidation, Noble International had estimated recovery of $3.85 million through avoidance actions.  The complaints, however, are remarkable.

Background of Noble International

Noble International is a former Tier I and Tier 11 automotive parts supplier, engaged in the manufacture of  flat, tubular, shaped and enclosed formed structures for use in automobile applications, including doors, fenders, body side panels, pillars, bumpers, door beams, load floors, windshield headers, door tracks, door frames, and glass channels.  Its primary customers included General Motors Corporation, Ford Motor Company and Chrysler, LLC.  As part of the bankruptcy process, Noble International sold of its operations pursuant to orders entered on May 29, 2009, June 16, 2009 and June 23, 2009.

Related Materials

Materials regarding the Noble International bankruptcy and these adversary proceedings found on this web are:

• Current APScans report of substantive filings made in the last 7 days
• CDDJ APScans Report of Complaints, Dismissals, Defaults and Judgments in the Noble International. Ltd. Bankruptcy Preferential Transfer Recovery Adversary Proceedings
• Noble International – No Supplier Breadcrumbs in First Day Motions
• Noble International, Ltd. Bankruptcy – Score: Subs In 14 – Subs Out 31
• Noble International-Two Debtors not Insolvent?