Companies in the timber industry / Daily News / Global Trends / Forestry / Lumber / Sawmilling / Wood Products / Europe / Global / North America
May 5, 2020
Klausner Lumber One reportedly seeks Chapter 11 bankruptcy protection with more than US$100M in debt
On April 30, Klausner Number One filed for Chapter 11 protection in the U.S. Bankruptcy Court, District of Delaware. According to the petition, which is filed under file number 20-11033-KBO, liabilities are expected to exceed US$ 100 million. The US information service Law360 quotes the Chief Restructuring Officer (CRO) and Managing Director of Asgaard Capital Michael Freeman, who was appointed by Klausner, as saying that the management of Klausner Lumber One filed the application in order to sell the company's assets. The lawyer Daniel B. Butz from the law firm Morris Nichols ...
Register for unlimited access
We work hard to bring you the latest news in the world of international wood industry. The article you are currently reading is available only to registered users.
By registering you gain access to:
- Thousands of quality articles
- In-depth analyses of market trends
- Exclusive market price insights
- And much more!
All this for only 248 EURO/year!(approximately $ 272.51, Paypal exchange rate)
- Daily News / Global Trends / Market Analysis / Wood Industry Prices / Forestry / Lumber / Price analysis and info / Sawmilling / Statistics / Wood construction / Wood Products / Wood-based panels / Global / North America