The filing came after Brightmark Plastics missed a roughly US$13mil debt payment due on March 1. — Bloomberg
NEW YORK: An Indiana recycling plant that tapped municipal bond investors for capital six years ago has filed for bankruptcy after the facility was marred by design flaws and production sputtered.
Brightmark Plastics Renewal LLC, which converts waste plastic into fuel, filed for Chapter 11 last Sunday, listing assets and liabilities between US$100mil and US$500mil.
