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Orchids Paper Hits Ch. 11 In Delaware With $175M Sale Plan

By Rose Krebs (April 1, 2019, 7:37 PM EDT) -- Tissue products maker Orchids Paper Products Co. filed for Chapter 11 bankruptcy in Delaware on Monday with roughly $271 million in debt and plans for a going-concern sale with a $175 million credit bid offer in place from a private equity-backed lender....

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