creditor

Automotive parts supplier Lear Corp. says it is preparing to file for Chapter 11 bankruptcy protection and has lined up support from its creditors for a restructuring plan.

Workers at the men’s clothing maker Hartmarx are hoping to save their jobs by pressuring the bankrupt company’s main creditor to approve a sale that would keep the company alive.

Debt settlement companies claim they help both creditor and consumer by bridging the abyss between them, but the firms often manage to please no one.