UK Yellow Pages Co. Hibu Seeks Ch. 15 In NY

Law360, New York (January 28, 2014, 6:38 PM EST) -- Hibu PLC, the telephone directory company based in the U.K., on Tuesday sought Chapter 15 recognition in New York of its U.K.-based insolvency proceedings where it is working to restructure its multibillion-dollar debt.

The company, which operates the United States' Yellowbook, listed six of its affiliates in its Chapter 15 petition, including Hibu Inc., Hibu Holdings (USA) Inc., Hibu of Pennsylvania Inc., HibuTel Inc., Znode Inc. and Hibu (USA) LLC. Its assets and liabilities are both over $1 billion, according to the petition.

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