Home / Knowledge / News / Textiles / LyondellBasell adds non-operating entities to Chapter 11
LyondellBasell adds non-operating entities to Chapter 11
11
May '09
LyondellBasell Industries added 13 non-operating entities to Lyondell Chemical Company's reorganization filing under Chapter 11 of the U.S. Bankruptcy Code. All of the entities are U.S. companies and were added to the original Chapter 11 filing for administrative purposes. These filings will have no impact on current business or operations as none of the entities manufactures or sells products.

LyondellBasell also announced that the Claims Bar Date will be moved to June 30, 2009 in order to have only one claims deadline for all entities in Chapter 11.

LyondellBasell continues to conduct business worldwide while the company develops its reorganization plan as part of the Chapter 11 process. No LyondellBasell manufacturing operation located outside of the United States has applied for or become involved in insolvency or bankruptcy proceedings in its respective home country.

LyondellBasell voluntarily filed to reorganize its U.S. operations and one of its European holding companies under Chapter 11 of the U.S. Bankruptcy Code on Jan. 6, 2009, in order to restructure the company's debts.

Additionally, LyondellBasell's parent company and its general partner were voluntarily added to the Chapter 11 reorganization filing on April 24 to protect the holding companies against claims by certain financial and U.S. trade creditors. Lyondell Chemical Company is one of the LyondellBasell affiliates included in these voluntary filings.

LyondellBasell Industries

Must ReadView All

Apparel/Garments | On 24th Apr 2017

ColDesi launches latest direct to garment printer

ColDesi, a pioneer in the direct to garment printer business, has...

Textiles | On 24th Apr 2017

US’ textile manufacturers applaud Buy American order

US' National Council of Textile Organisations has favoured President...

Courtesy: NASA/JPL-Caltech

Textiles | On 24th Apr 2017

NASA designing advanced woven metal fabrics for space

Scientists at NASA are designing advanced woven metal fabrics for a...

Interviews View All

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search