Reorganizing In Face Of Asbestos Claims Is Valid Goal, Georgia-Pacific Spinoff Says

( November 4, 2024, 2:24 PM EST) -- RICHMOND, Va. — The Fourth Circuit U.S. Court of Appeals should affirm a bankruptcy court’s denial of a “belated and meritless” motion to dismiss the Chapter 11 case of Georgia-Pacific spinoff Bestwall LLC by the Official Committee of Asbestos Claimants because Bestwall has “a valid reorganizational purpose” and “sufficient financial distress” to pursue relief in good faith under the U.S. Bankruptcy Code, the debtor says in a Nov. 1 response brief....