Yarway Corporation  Bankruptcy New Filing Alert: Disclosure Statement With Respect To A Plan Of Reorganization Or Liquidation

On January 5, 2015, a disclosure statement with respect to a plan of reorganization or liquidation was filed in the bankruptcy case of Yarway Corporation  and its affiliates.

The filing was assigned docket number 715 and is described on the court’s official docket as follows:

Motion to Approve (Motion of the Debtor for an Order (I) Approving Disclosure Statement; (II) Establishing Procedures for Solicitation and Tabulation of Votes on the Plan of Reorganization; (III) Approving Forms of Ballots; (IV) Approving Form and Scope of Notice of the Plan and Confirmation Hearing; and (V) Establishing Certain Deadlines in Connection With Approval of the Disclosure Statement and Confirmation of the Plan). Filed by Yarway Corporation. Hearing scheduled for 1/26/2015 at 11:00 AM at US Bankruptcy Court, 824 Market St., 6th Fl., Courtroom #1, Wilmington, Delaware. Objections due by 1/19/2015. (Attachments: # (1) Notice of Motion # (2) Exhibit A – Voting Procedures # (3) Exhibit B-1 – Form of Master Ballot for General Asbestos Personal Injury Claims # (4) Exhibit B-2 – Form of Individual Ballot for General Asbestos Personal Injury Claims # (5) Exhibit B-3 – Form of Ballot for Indirect Asbestos Personal Injury Claims # (6) Exhibit B-4 – Form of Ballot for Intercompany Claims # (7) Exhibit C – Confirmation Hearing Notice # (8) Exhibit D – Form of Publication Notice # (9) Proposed Form of Order) (Stickles, J.)

Yarway Corporation  filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on April 22, 2013. The bankruptcy case is pending before the United States Bankruptcy Court for the District of Delaware. The case number for the lead bankruptcy case is 13-11025. The bankruptcy case is currently assigned to United States Bankruptcy Judge Brendan Linehan Shannon. The law firm of Sidley Austin LLP is acting as lead bankruptcy counsel to Yarway Corporation  in the bankruptcy case.


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