Delphi amends Jan. 20 financial statements to reflect $1.2 billion decrease in total liabilities

By Caroline Salls

Pittsburgh, Feb. 6 - Delphi Corp. amended its schedules of assets and liabilities and statements of financial affairs that were referenced in its Jan. 20 8-K filing with the Securities and Exchange Commission to reflect a $1.2 billion decrease in the company's total liabilities on an unconsolidated basis, according to an 8-K filed Friday.

Accordingly, the amended schedules and statement list $16.4 billion in total assets and $24.8 billion of total liabilities.

In addition, the schedules and statements now classify some of Delphi's intercompany accounts as unliquidated.

Delphi, a Troy, Mich.-based automotive electronics manufacturer, filed for bankruptcy on Oct. 8, 2005 in the U.S. Bankruptcy Court for the Southern District of New York. Its Chapter 11 case number is 05-44481.

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