💥New Chapter 11 Bankruptcy Filing - Ascend Performance Materials Holdings Inc.💥
Nylon manufacturer files BK to deleverage its balance sheet.
On April 21, 2025, Houston-based Ascend Performance Materials Holdings Inc. (“Ascend”) and 10 affiliates (collectively, with Ascend, the “debtors” and together with their non-debtor affiliates, the “company”) filed chapter 11 bankruptcy cases in the Southern District of Texas (Judge Lopez). The company makes nylon, a specific type of it actually – nylon…