AbitibiBowater calls for employee and other creditor claims
March 5, 2010 By Pulp & Paper Canada
AbitibiBowater has received approval from the bankruptcy courts for a process to call for employee and other s…
AbitibiBowater has received approval from the bankruptcy courts for a process to call for employee and other specified creditor claims. This second claims process follows an earlier call for specified creditor claims which was announced last September.
The Second Claims Process outlines the procedures by which specified creditors can make claims against the company. Under this process, creditor claims must be received by 4:00 p.m. EDT on April 7, 2010.
These specified creditors include, among others: certain creditors that were not subject to the first claims process, such as company employees who were active as at April 16, 2009, or thereafter; certain creditors who may have claims arising from the breach or repudiation of contracts arising after August 31, 2009; and certain company lenders.
A comprehensive listing of procedures and specified creditors has been included in the Thirty-Second Report of the Monitor, a link to which can be found on abitibibowater.com.
The monitor, Ernst & Young Inc., and the company’s claims agent, Epiq Bankruptcy Solutions, LLC, will be mailing proof of claim packages to all known specified creditors. In addition, a copy of the court orders and the proof of claim package will be available through a link on abitibibowater.com.
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