Printing Co. Enters Ch. 11 With Over $1B In Debts

Law360 (January 22, 2008, 12:00 AM EST) -- Commercial printing company Quebecor World (USA) Inc. and more than 50 subsidiaries have filed for Chapter 11 bankruptcy protection, claiming a liquidity crisis and a failed attempt to sell off its European operations pushed the company into debt.

QWUSA, the U.S. subsidiary of Canadian parent company Quebecor World Inc. and the second-largest commercial printing company in the U.S., filed a voluntary petition on Monday in the U.S. Bankruptcy Court for the Southern District of New York.

The company listed estimated assets of between $100 million and...
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