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IN RE: FOAMEX INTERNATIONAL, INC., ET AL.
UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE
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MAIN CASE NUMBER: 09-10560
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PROOFS OF CLAIM and CLAIMS BAR DATE INFORMATION
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OVERVIEW OF THE CHAPTER 11 PROCESS
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| Petition Date: February 18, 2009 |
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Proofs of Claim
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Chapter 11 Process
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| Committee Appointed: February 27, 2009 |
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Proof of Claim Form
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Claims Bar Date: The Bankruptcy Court has not determined a Bar Date yet. |
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| Government Claims Bar Date: August 17, 2009 |
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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)
- Statement of Financial Affairs
- Schedules A, B, D, E, F, G, H and Summary
- Amended Statement of Financial Affairs
- Amended Schedules A, B, D, E, F, G, H and Summary
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)
- Statement of Financial Affairs
- Schedules A, B, D, E, F, G, H and Summary
- Amended Statement of Financial Affairs
- Amended Schedules B, D, E, F, G, H and Summary
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 |
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Deadline to object to the sale |
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| May 15, 2009, 5:00 p.m. (EST) |
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Bid deadline |
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Deadline to object to: |
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- Assumption and assignment of a contract, |
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- Cure amounts, or |
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- Adequate assurance of performance |
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| May 19, 2009, 10:00 a.m. (EST) |
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Auction |
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| May 21, 2009, 3:00 p.m. (EST) |
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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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