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Asbestos Victims File Alternative Restructure Plans for Bestwall

July 23, 2020, 9:34 PM

A committee representing Bestwall LLC’s alleged asbestos exposure victims filed alternative restructuring plans for the drywall product maker, arguing the current Chapter 11 plan hadn’t made enough progress.

The committee has been pushing for more than a year for progress in the bankruptcy case, telling the court last year that the Atlanta company is misusing the bankruptcy system. Bestwall is an affiliate of Georgia Pacific LLC.

Bestwall insists its reorganization will equitably resolve asbestos claims, but “no progress has been made by the Debtor to date in proposing a confirmable plan,” the committee said in a disclosure statement ...