LDK Solar Chapter 15, Chapter 11 bankruptcy cases closed by U.S. court

By Caroline Salls

Pittsburgh, Feb. 19 – LDK Solar Co., Ltd.’s Chapter 15 bankruptcy proceedings were closed on Wednesday, according to a news release.

As previously reported, the U.S. Bankruptcy Court for the District of Delaware also closed the Chapter 11 cases of LDK U.S. subsidiaries LDK Solar Systems, Inc., LDK Solar USA, Inc. and LDK Solar Tech USA, Inc.

On Nov. 21, LDK Solar obtained U.S. recognition and enforcement of its Cayman Islands scheme of arrangement, and the U.S. debtors obtained confirmation of their Chapter 11 plan of reorganization.

The company said the court’s entry of a final decree was the last step in the U.S. bankruptcy proceedings for LDK Solar and the U.S. debtors.

LDK Solar is a manufacturer of photovoltaic products and is based in Xinyu City, China. The company made a Chapter 15 bankruptcy filing on Oct. 21 under case number 14-12387. LDK’s U.S. subsidiaries’ Chapter 11 case number is 14-12384.

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