Atrium Aims To Shutter $350M In Debt Through Ch. 11

Law360, New York (January 20, 2010, 6:43 PM EST) -- Atrium Corp., one of the United States' largest makers of windows and doors, on Wednesday filed a prepackaged Chapter 11 reorganization plan that it said will cut its staggering debt burden by $350 million.

In a petition filed in the U.S. Bankruptcy Court for the District of Delaware, Atrium listed estimated assets of between $100,000 and $500,000. But in an affidavit supporting the bankruptcy petition, Atrium President and CEO Gregory T. Fahety said the company had secured and unsecured debt of approximately $656 million.

The total...
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