Introduction

Earlier this week I wrote about the Specialty Products Holding Corp. (“SPHC” or the “Debtor”) bankruptcy.  My prior post looked at the SPHC’s business, the events leading to company’s bankruptcy and what SPHC sought to achieve by filing for bankruptcy.  Simply stated, SPHC filed for bankruptcy in order control its costs arising from asbestos

Introduction

On May 31, 2010, Specialty Products Holding Corp (“SPHC” or the “Debtor”), filed for bankruptcy in the United States Bankruptcy Court for the District of Delaware.  This post is one of two posts regarding the SPHC bankruptcy.  The first post will look at the Debtor’s businesses and events leading up to the bankruptcy