ROCHESTER HILLS, MI -- The U.S. Bankruptcy Court for the District of Delaware has approved Dura Automotive's Disclosure Statement, solicitation procedures and creditor ballots and determined that its creditors can proceed to vote on DURA’s Plan of Reorganization.

According to the company, the Official Committee of Unsecured Creditors supports confirmation of DURA’s Plan and has filed a statement urging creditors to vote to accept the Plan. Larry Denton, chairman and chief executive officer of Dura Automotive Systems said this keeps the company on track to emerge from Chapter 11 this year.

“This favorable Court decision and support from the Committee for our plan to reorganize the company, paves the way for DURA to exit Chapter 11 this year as planned,” said Denton. “We are looking forward to completing the legal process and focusing all of our resources on innovation and execution of our financial and operational strategy to aggressively compete and grow in the global automotive marketplace.”

The Plan and Disclosure Statement provide details on how DURA intends to treat claims against the company and emerge from Chapter 11 protection in the fourth quarter of 2007. The Court’s approval of the Disclosure Statement enables DURA to begin sending its Plan of Reorganization and Disclosure Statement to creditors to obtain their votes on the Plan.

The Court has set Nov. 26 as the hearing date for Plan confirmation. Once the Plan is confirmed and administrative procedures are completed, DURA will officially emerge from Chapter 11.

For more information about Dura Automotive, go to: www.duraauto.com.