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Article: Dow Corning Bankruptcy Sharpens Debate Over Process

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THE JOURNAL RECORD
Article date:
May 16, 1995
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Dow Corning Bankruptcy Sharpens Debate Over Process

By David Goodman

Associated Press

DETROIT _ Dow Corning Inc.'s move to seek protection from creditors in the face of rising claims over breast implants could sharpen a debate over whether financially sound companies are abusing the bankruptcy process.

Dow Corning filed for Chapter 11 protection Monday. The filing gives the company a reprieve from its bills and time to reorganize.

"We decided to take this action while we are in a position of financial strength, with the cash to continue operating our business without disruption," said Dow Corning Chairman Richard A. Hazelton.

Legal experts said the move reflects the extraordinary ...

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