WebMay 11, 2024 · This is a summary of a request from the official committee of unsecured creditors of CarbonLite Holdings LLC to hire Blank Rome LLP as co-counsel, filed April … WebMar 18, 2024 · IRVINE, Calif., March 18, 2024 /PRNewswire/ -- CarbonLite Holdings, LLC has retained Force 10 Partners to lead its restructuring effort, following its voluntary bankruptcy filing on March 8,...
CarbonLite Gets OK For $35M Ch. 11 Financing Draw - Law360
WebMay 27, 2024 · CarbonLite filed for bankruptcy protection in Delaware in March, and virtual auctions were held for some of its assets in May. Indorama's $63.87 million bid for CarbonLite's Dallas rPET facility was deemed successful during a May 24 auction, according to court filings. commentator\u0027s 4w
Delaware Bankruptcy Court Information Page - PacerMonitor
WebMar 8, 2024 · On March 8, 2024, CarbonLite Industries LLC and several affiliates, which operate the world’s largest bottle-to-bottle recycling company, filed petitions for … WebMar 10, 2024 · In bankruptcy documents, CarbonLite Recycling estimated it has assets of between $50 million and $100 million, and liabilities of between $50 million and $100 million. The company anticipates that sufficient funds will be available to pay its unsecured creditors after the reorganization, according to the bankruptcy petition. WebJun 23, 2024 · After filing for Chapter 11 bankruptcy in March, CarbonLite had its RPET production plants in Riverside, Calif.; Dallas; and Reading, Pa. sold to The Sterling Group, Indorama Ventures and DAK Americas, respectively. Pinnpack went on the auction block on June 16, and a judge approved PCH’s $9.6 million bid – the only bid received – on June 22. commentator\u0027s bo