The Stant bankruptcy is structured as a 363 Sale to an affiliate of an insider (i.e. a current equity holder). For suppliers this will be a case of suppler “haves” and supplier “have nots”. Each supplier should determine its classification as soon as possible. This bankruptcy likely will move fast – 45 days and the 363 sale will be done. Based on the limited financial information provided to date, administrative insolvency is a risk. So for some suppliers who don’t pay attention, this may be a bankruptcy that just keeps on giving.