We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

PT Holdings Enters Chapter 11

Law360 (January 31, 2007, 12:00 AM EST) -- Citing high debt, increased fuel prices and interruptions in production, Pt Holdings Company Inc. and affiliates Port Townsend Paper Corp. and PTPC Packaging Co. Inc. have filed for Chapter 11 protection but expect to exit quickly.

The companies, which make pulp, kraft paper and lightweight containerboard, have already reached an agreement in principle with the senior secured note holders, and plan to exit bankruptcy a stronger company. The company filed for Chapter 11 in the U.S. Bankruptcy Court for the Western District of Washington on Monday...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.