📉Delaware Chapter 11 Filing – M&G Polymers USA .
M&G Polymers USA, the West Virginia-based American arm of M&G Chemicals (Luxembourg) has filed a petition for relief under Chapter 11 in the Bankruptcy Court for the District of Delaware (Case No. 17-12268).
The Petition reports $500 million to $1 billion in assets and $100 million to $500 million in liabilities.
It was reported last month that the Mexican chemical company Alpek ceased supplying M&G with inputs due to an outstanding debt of $49 million.
📉Delaware Chapter 11 Filing – CalDel Holdings, LLC .
CalDel Holdings, LLC, a semi-conductor manufacturer headquartered in Vancouver, Washington, has filed a petition for relief under Chapter 11 in the Bankruptcy Court for the District of Delaware (Case No. 17-12266).
The petition estimates the Debtor’s assets to be between $1 – $10 million and its liabilities to be between $500,000 – $1 million.
The Debtor’s list of top 20 creditors only includes one party—Universal Semiconductor, Inc.