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All five bidders seeking to bail out Japan's beleaguered Takata Corp. have presented restructuring plans that require the airbag maker to file for bankruptcy protection, people with knowledge of the process told Reuters.

But some Japanese creditors have opposed such a filing as it would see them shoulder significant losses, the people said, declining to be identified as the proposals have not been made public.

Takata faces huge costs related to the global recall of millions of potentially faulty airbag inflators, and is seeking an outside investor to increase its capital. The company received proposals from five bidders last week.



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All Five Bidders Agree That Takata Is Out Of Control - Recommend Bankruptcy

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