THE MAGAZINE FOR THE INTERNATIONAL PULP AND PAPER INDUSTRY
Appvion files for bankruptcy
|On October 1, 2017, Appvion, Inc. and 5 affiliated debtors (collectively, the "Debtors" or the "Company") each filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware.|
The cases are pending before the Honorable Kevin J. Carey, and the Debtors have requested joint administration of the cases under Case No. 17-12082.
The Company intends to use these proceedings to facilitate a balance sheet restructuring and better position itself for long-term growth and success. Appvion expects to emerge a stronger, more competitive company, backed by a sustainable capital structure.
During the process, Appvion’s business is operating as usual. The Company will work closely with its vendors and customers to ensure that ongoing obligations are mrkj / 10/01/2017