German-based Plettac Group files for Chapter 11 Protection equivalent; bil-jax unaffected
April 9, 2003
Ohio-based bil-jax inc. will remain unaffected by its German parent’s filing for Chapter 11 protection. Plettac AG filed for the equivalent of Chapter 11 protection in January, to give the holding company more time to execute an ongoing reorganization plan centered around two German-based operating companies that were severely affected by German reunification costs. bil-jax, a member of the holding company, was not named in the filing.