02/21/2013 01:20:39 PM EST
Press Pad Maker Files For Bankruptcy, Citing Asbestos Litigation
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LexisNexis® Mealey's™ Bankruptcy Legal News
CHICAGO - A company that calls itself the "world's largest exclusive manufacturer of press pads" for the commercial laundry and dry-cleaning industry on Jan. 25 filed a voluntary petition for Chapter 7 bankruptcy in Illinois federal bankruptcy court, due in part to pending asbestos litigation (In re Resillo Press Pad Co., No. 13-02916, N.D. Ill. Bkcy.).
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