November 7, 2018 / 1:14 AM / 14 days ago

Bestwall hopeful about Ch. 11 plan talks with asbestos claimants

Bankrupt joint compound maker Bestwall LLC is seeking a four-month extension to its exclusive period, during which time it has the sole right to file a reorganization plan, so it can reach a deal with a committee representing people with asbestos exposure claims against it.

Bestwall in a filing on Monday requesting the additional time expressed optimism that a deal could be reached, saying “each party has indicated its willingness to continue working to achieve a consensual resolution of this case at the appropriate time.”

To read the full story on Westlaw Practitioner Insights, click here: bit.ly/2RErw5n

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