Dura Automotive Systems Files For Bankruptcy

BOSTON—(BUSINESS WIRE)—October 30, 2006— With total assets of $2,057,209,000 (as reported on its latest Form 10-K), Dura Automotive Systems, Inc. (DRRA) became the third largest company to file for bankruptcy in 2006, according to www.BankruptcyData.com, a Boston-based website published by New Generation Research, Inc. Dura's October 30th bankruptcy filing also represents the seventh largest automotive parts manufacturer filing of all time. To date, the largest automotive parts manufacturer to file for Chapter 11 was Delphi Corporation, which listed $16,593,000,000 in assets at the time of its October 8, 2005 filing.

According to Dura, the Company's decision to pursue a reorganization under Chapter 11 came after evaluating all options to restructure its balance sheet to reduce the Company's indebtedness and interest expense. Dura elected to pursue a restructuring under court protection as it will facilitate both a financial restructuring and Dura's ongoing operational restructuring, the successful implementation of which will help Dura overcome current financial and industry pressures and position the Company for long-term success.

To date, the total assets of the 49 publicly traded companies that filed for bankruptcy in 2006, including Dura, are $21,053,795,350, according to www.BankruptcyData.com.

The largest public company filings of 2006:
                                              Ch. 11
Company                                         Date        Assets (a)
-------------------------------------------- --------- ---------------
Dana Corporation                             03/03/06  $9,047,000,000
Sea Containers Ltd.                          10/15/06  $2,736,100,000
Dura Automotive Systems, Inc.                10/30/06  $2,075,209,000
Satelites Mexicanos, S.A. de C.V. (2006)     08/11/06    $925,271,000
Pliant Corporation                           01/03/06    $777,092,000
OCA Inc.                                     03/14/06    $660,303,000
Silicon Graphics, Inc.                       05/08/06    $452,145,000
Integrated Electrical Services, Inc.         02/14/06    $416,372,000
Global Power Equipment Group Inc.            09/28/06    $381,131,000
J.L. French Automotive Castings, Inc.        02/10/06    $366,681,000

(a)Pre-petition assets

At this time last year, there were a total of 81 publicly traded company filings with over $105,905,000,000 in assets.

The largest automotive parts manufacturer filings 1980 - 2006:
                                             Ch. 11
Company                                        Date         Assets (a)
------------------------------------------- --------- ----------------
Delphi Corporation                          10/08/05  $16,593,000,000
Federal-Mogul Corporation                   10/01/01  $10,150,000,000
Dana Corporation                            03/03/06   $9,047,000,000
Collins & Aikman Corporation                05/17/05   $3,191,200,000
Tower Automotive, Inc.                      02/02/05   $2,846,406,000
Hayes Lemmerz International, Inc.           12/05/01   $2,811,100,000
Dura Automotive Systems, Inc.               10/30/06   $2,075,209,000
Breed Technologies, Inc.                    09/20/99   $1,649,900,000
Venture Holdings Company, LLC               03/28/03   $1,416,131,000
Oxford Automotive, Inc. (2004)              12/07/04     $888,660,000

(a)Pre-petition assets

Additional information and continued coverage of the Dura Automotive bankruptcy filing are available at www.BankruptcyData.com.

BankruptcyData.com provides news, financial history, creditor information, reorganization details and more for over 2000 publicly-traded companies that have filed for bankruptcy protection, dating back to 1980. The extensive database, which tracks all publicly-traded bankruptcies, can be searched by assets, industry, filing date or company name. Professional retention information is also available.

For additional information: Kerry Mastroianni, www.BankruptcyData.com, 225 Friend St., Suite 801, Boston, MA 02114, telephone (617) 573-9550, customersupport@bankruptcydata.com.


Kerry Mastroianni, 617-573-9550


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