Safety-Kleen files for bankruptcy protection.

From: Haznews | Date: March 1, 2000 | Copyright information

The US hazardous waste management firm, Safety-Kleen Corporation (SKC), along with 73 of its US subsidiaries, have filed to reorganize under Chapter 11 of the US Bankruptcy Code. The Chapter 11 petition was filed "with the support and co-operation" of existing secured lenders which hold over $1,600 million in claims against the firm, says Safety-Kleen. In its filing to the court in the District of Delaware, the firm reported consolidated liabilities in excess of $3,141 million and assets of about $4,450 million as of 30th November, 1999. SKC's single largest unsecured creditor is ...

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