Indalex bankruptcy

Earlier this month, the Chapter 7 Trustee (the “Trustee”) appointed in the Indalex bankruptcy began filing avoidance actions against various Indalex creditors.  For those not familiar with the Indalex bankruptcy, Indalex filed petitions for bankruptcy in the United States Bankruptcy Court for the District of Delaware on March 20, 2009. Prior to filing bankruptcy, Indalex…

Introduction

Indalex Holdings Finance (“Indalex”), the second largest aluminum extruder in the United States, filed for bankruptcy in Delaware on March 20, 2009.  As is common in the aluminum industry, Indalex products are made-to-order for its customers.  According to pleadings filed in Indalex’s bankruptcy, its products are used in several different markets including transportation, construction,…