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Thu, Jun 20, 2019 03:07
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Georgia-Pacific says Bestwall's Ch. 11 hews to bankruptcy rules

CHARLOTTE, N.C. (From news reports) -- Bestwall LLC's parent company is firing back at allegations that the joint compound maker's Chapter 11 bankruptcy is a bad-faith sham aimed at avoiding asbestos claims, instead arguing the case is "entirely consistent with both the spirit and the letter of the bankruptcy process."

Georgia-Pacific LLC in a filing on Friday in U.S. Bankruptcy Court in Charlotte, North Carolina, said Bestwall's committee for asbestos claimants is pushing a "fiction" in order to argue Georgia-Pacific should itself file for Chapter 11.

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