Georgia-Pacific Unit Survives Creditor Bid to Toss Bankruptcy (1)

A Georgia-Pacific affiliate attempting to use bankruptcy to resolve asbestos liabilities survived cancer victims’ motion to dismiss its Chapter 11 case.

Bestwall LLC can remain in Chapter 11, Judge Laura Beyer of the US Bankruptcy Court for the Western District of North Carolina ruled Friday, according to an entry on the company’s bankruptcy case docket. However, she said the issue requires review by the US Court of Appeals for the Fourth Circuit, according to an attorney representing mesothelioma claimants.

“We are disappointed with the Court’s rulings but are pleased that Her Honor reiterated that this issue requires the immediate review ...