Customs Fights GPX's Ch. 11 Liquidation Plan

Law360, New York (July 14, 2010, 6:12 PM EDT) -- U.S. Customs and Border Protection is opposing GPX International Tire Corp.'s Chapter 11 plan of liquidation, claiming the plan impermissibly discharges GPX from liability for duties at the center of a case in the U.S. Court of International Trade.

Customs' objection, filed Monday in the U.S. Bankruptcy Court for the District of Massachusetts, claimed that GPX owes it $268,469 in addition to “numerous unliquidated amounts” that can't be determined because of ongoing litigation over countervailing and anti-dumping duties in the CIT.

GPX filed its proposed disclosure...
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