Vitro creditors appeal April involuntary petition denial rulings

By Jim Witters

Wilmington, Del., July 22 -The petitioning creditors in the involuntary bankruptcy case against Vitro, SAB de CV's U.S. subsidiaries have appealed two April rulings denying the involuntary petitions filed against several of the Vitro units, according to Thursday filings with the U.S. Bankruptcy Court for the Northern District of Texas.

Knighthead Master Fund LP, Brookville Horizons Fund LP, Davidson Kempner Distressed Opportunities Fund LP and Lord Abbett Bond-Debenture Fund Inc. appealed an April 11 ruling denying the involuntary bankruptcy petitions filed against operating alleged debtors Vitro Packaging LLC, Vitro Chemical, Fibers and Mining LLC and VVP Auto Glass Inc.

The four funds also appealed an April 21 ruling denying their involuntary bankruptcy petitions filed against eight non-operating alleged debtors: Vitro Asset Corp., Troper Services Inc., CCP Holdings LLC, Amsilco Holdings Inc. B.B.O. Holdings Inc, Binswanger Glass Co., Crisa Corp. and V-MAX Holdings LLC.

The petitioners filed an involuntary bankruptcy case against the Vitro, SAB de CV's U.S. operating subsidiaries in November 2010.

Vitro is a Nuevo Leon, Mexico-based glass manufacturer. The involuntary bankruptcy case was filed against its U.S. guarantor subsidiaries on Nov. 17, 2010.

As previously reported, the court in April granted a motion to allow Vitro America LLC, Super Sky International Inc., Super Sky Products Inc. and VVP Finance Corp. to become Chapter 11 debtors. They have since been operating as debtors-in-possession. The Chapter 11 case number is 11-32600.

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