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Foamex 2009

  IN RE: FOAMEX INTERNATIONAL, INC., ET AL.

UNITED STATES BANKRUPTCY COURT
FOR THE DISTRICT OF DELAWARE
 

MAIN CASE NUMBER: 09-10560

                                 

PROOFS OF CLAIM and CLAIMS BAR DATE INFORMATION  

                               

OVERVIEW OF THE CHAPTER 11 PROCESS  

 
           
Petition Date: February 18, 2009                           

Proofs of Claim  

                             

Chapter 11 Process  

 
Committee Appointed: February 27, 2009                  

Proof of Claim Form  

                         
Claims Bar Date: The Bankruptcy Court has not
determined a Bar Date yet.
         
Government Claims Bar Date: August 17, 2009

OVERVIEW OF DEBTOR'S BUSINESS

Foamex International, Inc. (http://www.foamex.com/) and its debtor and non-debtor affiliates (the "Company") is a leading manufacturer of flexible polyurethane and advanced polymer foam products in North America, with annual net sales of approximately $980 million during the four fiscal quarters ending on September 28, 2008.

The Debtors in these jointly administered cases are: Foamex International, Inc. (Case No. 09-10560); Foamex, L.P. (Case No. 09-10562); Foamex Latin America, Inc. (Case No. 09-10563); Foamex Asia, Inc. (Case No. 09-10567); FMXI, LLC (Case No. 09-10561); Foamex Carpet Cushion LLC (Case No. 09-10566); Foamex Mexico, Inc. (Case No. 09-10565); and Foamex Canada Inc. (Case No. 09-10568). The Debtors' (other than Foamex Canada Inc.) principal office is located at Rose Tree Corporate Center II, 1400 N. Providence Road, Suite 2000, Media, PA 19063-2067. Foamex Canada Inc.'s address is 8355 Jeanne Mance Street, Montreal, Quebec, Canada H2P2Yl.

The Debtors employ approximately 2,300 people worldwide and maintain 23 domestic and 8 international manufacturing facilities located throughout the United States, Canada, Mexico and China. The Debtors' operations consist of the following business lines: technical products, foam products, automotive products and carpet cushion products. The Debtors' technical products group produces innovative specialty foam materials and solutions for use in the automotive, consumer, electronic, industrial and medical fields. Its products are found in various consumer and business products, including sponges, band-aids, cleaning brushes and laser and inkjet printers.

The Debtors attribute their current financial situation to a steady and dramatic decline in the Debtors' operating performance since the fourth quarter of 2006, primarily as a result of a significant contraction in the demand for the Debtors' products related to the overall and severe global economic slowdown, including the sustained and unprecedented downturn in the U.S. housing and automotive industries and the economy in general. Also, the Debtors' contend that their over-leveraged balance sheet has significantly contributed to this decline.

DEBTORS’ SCHEDULES AND FINANCIAL INFORMATION

Foamex International, Inc. (Case No. 09-10560)

FMXI, LLC (Case No. 09-10561)


Foamex, L.P. (Case No. 09-10562)

Foamex Latin America, Inc. (Case No. 09-10563)

Foamex Mexico, Inc. (Case No. 09-10565)

Foamex Carpet Cushion LLC (Case No. 09-10566)

Foamex Asia, Inc. (Case No. 09-10567)

Foamex Canada Inc. (Case No. 09-10568)

DEBTORS AND DEBTORS’ PROFESSIONALS

Debtors’ Headquarters Location and Contact Information

Foamex International, Inc.
FMXI, LLC
Foamex, L.P
Foamex Latin America, Inc.
Foamex Mexico, Inc.
Foamex Carpet Cushion LLC
Foamex Asia, Inc.
Rose Tree Corporate Center II
1400 N. Providence Road, Suite 2000
Media, PA 19063-2067
Phone: (610) 744-2300
Toll Free: (800) 355-3626
http://www.foamex.com/index.php

Foamex Canada Inc.
8355 Jeanne Mance Street
Montreal, Quebec
Canada H2P2Yl.

Debtors’ Counsel

Akin Gump Strauss Hauer & Feld LLP One Bryant Park
New York, NY 10036
Phone: (212) 872-1000
Fax: (212) 872-1002

Cozen O'Connor
1201 N. Market Street, Ste 1400
Wilmington, DE 19801
Phone: (302) 295-2000 or (888) 207-2440
Fax : (302) 295-2013

Debtors' Financial Advisor

Houlihan Lokey Howard & Zukin Capital, Inc.
225 South Sixth Avenue, Suite 4950
Minneapolis, MN 55402-4304
Phone: (612) 338-2910
Fax: (612) 338-2938

OFFICIAL COMMITTEE OF UNSECURED CREDITORS
AND COMMITTEE PROFESSIONALS

Creditors’ Committee Members

Momentive Performance Materials USA Inc.
260 Hudson Rive Road
Waterford, NY 12188

Thomas Edward Chorman
160 Forest Drive
Kennett Square, PA 19348

Shell Chemical LP
910 Louisiana Street, Suite 1792A
Houston, TX 77002

Any and all questions to the Official Committee of Unsecured Creditors should be submitted by an e-mail addressed to:

Committee Counsel

Lowenstein Sandler PC
65 Livingston Avenue
Roseland, NJ 07068
Phone: (973) 597-2500
Fax: (973) 597-2400
E-mail:

Kenneth A. Rosen, Esq.
Lowenstein Sandler PC
65 Livingston Avenue
Roseland, New Jersey 07068
Tel: (973) 597-2548
Fax: (973) 597-2549


Sharon L. Levine, Esq.
65 Livingston Avenue
Roseland, New Jersey 07068
Tel: (973) 597-2374
Fax: (973) 597-2375


Wojciech F. Jung, Esq.
Lowenstein Sandler PC
65 Livingston Avenue
Roseland, NJ 07068
Tel: (973) 597-2464
Fax: (973) 597-2465


Thomas Livolsi, Esq.
Lowenstein Sandler PC
65 Livingston Avenue
Roseland, NJ 07068
Tel: (973) 597-6202
Fax: (973) 597-6203
 

Sean E. Quigley, Esq.
Lowenstein Sandler PC
65 Livingston Avenue
Roseland, NJ 07068
Tel: (973) 597-6306
Fax: (973) 597-6307


Pepper Hamilton LLP
Hercules Plaza, Suite 5100
1313 N. Market Street
Wilmington, Delaware 19801
Phone: (302) 777-6500
Fax: (302) 421-8390

Committee’s Financial Advisor

Amper, Politziner & Mattia, LLP
2015 Lincoln Highway
P.O. Box 988
Edison, NJ 08818
Phone: (732) 287-1000
Fax: (732) 287-3200
http://www.amper.com/index.asp

UNITED STATES BANKRUPTCY COURT
LOCATION AND HEARING INFORMATION

Upcoming Important Dates

Auction and Sale Process

The Debtors seek to sell substantially all of their assets through a court-supervised auction process. As of May 12, 2009, pleadings related to this sale process include the following:

Sale Motion

Order Approving Sale Motion

Amendment No. 1 to Asset Purchase Agreement

Upcoming deadlines in the auction and sale process include the following:

May 14, 2009       Deadline to object to the sale  
       
May 15, 2009, 5:00 p.m. (EST)       Bid deadline  
      Deadline to object to:  
      - Assumption and assignment of a contract, 
- Cure amounts, or
- Adequate assurance of performance
       
May 19, 2009, 10:00 a.m. (EST)  Auction
       
May 21, 2009, 3:00 p.m. (EST) Sale hearing


Omnibus Hearing Dates

June 9, 2009 at 1:00 PM
July 15, 2009 at 10:00 AM


Bar Date for Proofs of Claim

The Bankruptcy Court has not determined a Bar Date yet.

Court Information

Judge
Honorable Kevin J. Carey, Chief Judge

Court Location
United States Bankruptcy Court, District of Delaware
824 Market Street 5th Floor
Wilmington, Delaware 19801

UNITED STATES TRUSTEE’S OFFICE
CONTACT INFORMATION


Roberta DeAngelis, Acting United States Trustee
United States Trustee’s Office - Region 3
833 Chestnut Street, Suite 500
Philadelphia, PA 19107
Phone: (215) 597-4411
Fax: (215) 597-5795
Website: http://www.usdoj.gov/ust/r03/de.htm
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