Georgia-Pacific says Bestwall's Ch. 11 hews to bankruptcy rules
November 1, 2018
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.