Split Panel Upholds Denial Of Dismissal Of Georgia-Pacific Spinoff’s Bankruptcy

( August 4, 2025, 2:27 PM EDT) -- RICHMOND, Va. — A North Carolina federal bankruptcy court did not err in denying a motion by an asbestos claimants’ committee to dismiss the Chapter 11 case of Georgia-Pacific spinoff Bestwall LLC, a divided Fourth Circuit U.S. Court of Appeals panel held Aug. 1, finding that “federal courts have subject-matter jurisdiction over bankruptcy cases filed by debtors who may be able to pay their obligations.”...

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