July 28, 2004

US Plastic Lumber files Chapter 11 - 2004-07-26 - South Florida Business Journal

"Boca Raton-based US Plastic Lumber Corp. (Pink Sheets: USPL) said it filed voluntary petitions for bankruptcy on Friday. Shares closed down 45.45 percent on Monday"
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The company also said it is seeking a court order to obtain debtor-in-possession financing. This type of financing is only available to companies in Chapter 11. It is traditionally used to fund post-petition trade and employee obligations, as well as ongoing, operating, corporate needs during the reorganization.

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