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Specializing in insolvency and complex commercial matters since 1974

Court Confirms Plan Of Reorganization American Environmental Container Corp. And Its Affiliates - November 2010

Faced with financial pressures resulting from the economic recession and maturing loan facilities, American Environmental Container Corp. and six affiliates filed voluntary petitions for relief under Chapter 11 on November 2, 2009. At that time, they owned and operated three facilities located in Florida, Arizona, and Indiana which manufactured fiberglass pools that were in turn sold and distributed through a network of approximately 500 dealers located in all fifty states, several Canadian provinces, and Europe. They are the largest manufacturers of fiberglass pools in the United States. On November 10, 2010, a Chapter 11 plan was confirmed that restructured the debt, and the companies will remain in business. Elena Ketchum and Michael Bachman were extensively involved in the representation.