08/27/2012 10:44 am ET Updated Oct 27, 2012

Bain-Related Bankruptcy At Awkward Time For Romney

Contec Holdings Ltd., a cable-box repair company owned by Bain Capital, is preparing to file for bankruptcy protection as soon as this week, said people familiar with the matter.

Contec is expected to file a so-called prepackaged bankruptcy, in which creditors bless a restructuring plan ahead of time and thereby limit the company's stay in court proceedings, the people said.

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