Three Vitro operating companies win denial of involuntary bankruptcy

By Caroline Salls

Pittsburgh, April 12 - The involuntary bankruptcy petitions filed against Vitro, SAB de CV's U.S. operating subsidiaries were denied Monday by the U.S. Bankruptcy Court for the Northern District of Texas.

The operating companies include Vitro Packaging, LLC, Vitro Chemical, Fibers and Mining, LLC and VVP Auto Glass, Inc.

Judge Russell F. Nelms said in Monday's ruling that the operating debtors are generally paying their debts as they come due.

The involuntary petitions filed against eight non-operating Vitro subsidiaries are still under court advisement.

Last week, Vitro America, LLC, Super Sky International, Inc., Super Sky Products, Inc. and VVP Finance Corp.'s motion to allow them to become Chapter 11 debtors was granted by the court. As a result, they are no longer listed as "alleged debtors" like the other operating and non-operating companies.

Vitro is a Nuevo Leon, Mexico-based glass manufacturer. An involuntary bankruptcy case was filed against its U.S. guarantor subsidiaries on Nov. 17. The Chapter 11 case number is 10-47470.

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