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Chemical Manufacturer Loses Appeal Over Involuntary Bankruptcy Bankruptcy courts have authority to set a deadline for creditors to join an involuntary petition, a federal appeals court ruled, rejecting a bid to sustain a Chapter 7 case pursued by Polish chemical manufacturer PCC Rokita SA
Deadline Discretion in Creditor Joinder: The First Circuit’s . . . When HHT executed a state-law assignment for the benefit of creditors (“ABC”) to wind down, PCC Rokita, joined later by Shanghai Morimatsu Chemical Equipment Co , filed an involuntary Chapter 7 petition
PCC Rokita S. A. v. HH Tech. Corp. (In re HH Tech. Corp. ) Rokita, a Polish chemical manufacturer, obtained a foreign default judgment in 2010 against HHT, an engineering company with offices in Massachusetts and Texas, for $1,016,500 in compensatory damages and approximately $12 million in lost profits and other damages Rokita then commenced a civil action in the U S District Court for the District of
The chemical heart of the industry - PCC Rokita SA - PCC . . . Start of operations in the subzone WSSE PCC Rokita SA receives a permit to conduct business activity in the Brzeg Dolny Subzone of the Walbrzych Special Economic Zone "INVEST-PARK" Sp z o o This allows the use of a tax credit in the amount of up to 50% of expenses for new investments in the zone