Aussi Child Care Giant ABC Learning Files For Ch. 15

Law360, New York (May 26, 2010, 5:31 PM EDT) -- ABC Developmental Learning Centres Pty. Ltd., which touts itself as the world’s largest child care provider, has filed for Chapter 15 bankruptcy protection in the United States after initiating similar proceedings in Australia.

Australia-based ABC filed the bankruptcy petition Wednesday in the U.S. Bankruptcy Court for the District of Delaware, listing debts and assets of more than $100 million each.

The child care provider, which has operations in Australia, the U.S. and New Zealand, asked the court to designate its ongoing restructuring proceedings in Australia as...
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