Earlier this month, Avidity Partners, LLC (“Avidity”), in its role as claims agent for the bankruptcy estates of AbitibiBowater, Inc., et al. (“Debtors”), began filing avoidance actions against various defendants. As alleged in the complaints, on April 16, 2009, Debtors filed petitions for bankruptcy with the United States Bankruptcy Court for the District of Delaware
AbitibiBowater bankruptcy
AbitibiBowater, One of the Largest Newsprint Providers, Files For Bankruptcy
By Fox Rothschild LLP on
Posted in Bankruptcy Case Summaries
Introduction
AbitibiBowater (“AbitibiBowater” or “Debtor”), one of the largest newsprint producers in the world, filed for bankruptcy in the United States Bankruptcy Court for the District of Delaware on April 16, 2009. According to AbitibiBowater’s bankruptcy petition, the Debtor has assets totaling $9.9 billion. Based in Montreal, Quebec, AbitibiBowater owns 24 pulp and paper facilities…