Palaces For The People
Thursday, December 18, 2003
Solutia Bankruptcy News: First Issue Free

December 18, 2003 07:03 AM US Eastern Timezone

Solutia Bankruptcy News: First Issue Free

FAIRLESS HILLS, Pa.--(BUSINESS WIRE)--Dec. 18, 2003--Bankruptcy Creditors' Service, Inc., announces publication of SOLUTIA BANKRUPTCY NEWS tracking yesterday's chapter 11 filing by Solutia, Inc. (NYSE: SOI) and its 14 debtor-affiliates.

A copy of the first issue of SOLUTIA BANKRUPTCY NEWS is available at at no charge.

Riza Marie Deloria and Frauline Sinson-Abangan serve as the newsletter's editors.

The first issue of SOLUTIA BANKRUPTCY NEWS, released today, Ms. Deloria relates, includes:

-- information about the company's operations;

-- a concise chronology of the Monsanto Spin-Off Transaction;

-- EBITDA targets through December 2005;

-- data lifted from the chapter 11 filing;

-- a list of the companies' largest unsecured creditors; and

-- the U.S. Trustee's efforts to form a creditors' committee.

"Our newsletters provide lawyers, creditors, competitors, and other parties-in-interest with an efficient and affordable way to sift through the mountains of court pleadings and seemingly random information delivered to the Bankruptcy Court," says Peter A. Chapman, President of Bankruptcy Creditors' Service, Inc. "Our editors are bankruptcy pros. They know how to quickly sort the wheat from the chaff and bring order to chaos."

SOLUTIA BANKRUPTCY NEWS is distributed on a subscription basis by e-mail for US$45 per issue. New issues are published as significant activity occurs (generally every 10 to 20 days) during the company's restructuring.

Since 1990, BCSI has published similar newsletters tracking billion-dollar insolvency proceedings. Currently, BCSI provides similar coverage about the restructuring proceedings involving W.R. Grace & Co., Owens Corning, Armstrong World Industries, USG Corporation, Halliburton Corp.'s Kellogg, Brown & Root and DII Industries units, Mirant Corp., PG&E National Energy Group, Pacific Gas and Electric Company, Enron Corp., NRG Energy, Covanta Energy Corp., National Steel, Bethlehem Steel, LTV, Weirton Steel, Wheeling-Pittsburgh, Kaiser Aluminum, Metals USA, AMERCO (U-Haul's parent), Aurora Foods, Vlasic Foods, Air Canada, United Airlines, US Airways Group, Budget Group, ANC Rental, WestPoint Stevens, Pillowtex, Burlington Industries, Warnaco, Fruit of the Loom, Fleming Companies, Kmart Corp., Ames Department Stores, Spiegel, Inc. (and its Eddie Bauer and Newport News subsidiaries), Leap Wireless, Adelphia Communications and Adelphia Business Solutions, Genuity, WorldCom, Global Crossing and Asia Global Crossing, Winstar, 360networks, DirecTV Latin America, GenTek, Federal-Mogul, Hayes Lemmerz, Exide Technologies, Safety-Kleen, Laidlaw, The IT Group, Encompass Services Corporation, NationsRent, Polaroid Corporation, Acterna, Magellan Health Services, National Century Financial Enterprises, Integrated Health Services, Vencor, Inc., Sun Healthcare Group, Inc., Mariner Post-Acute & Mariner Health, Genesis Health & Multicare, Conseco, Inc., and Conseco Finance Corp., Reliance Group Holdings & Reliance Financial, The FINOVA Group, Inc., Comdisco, Bridge Information Services, Loewen Group, and Harnischfeger Industries, Inc.

Additionally, BCSI co-publishes the Troubled Company Reporter -- a daily newsletter that provides news about more than 3,000 on-going troubled situations. Go to to sign-up for a 30-day free trial subscription to the TCR.

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