US Dockworkers Union, ILWU, files for Chapter 11 bankruptcy protection
Posted on October 6, 2023 |
The ILWU, a union in the US and Canada, has filed for Chapter 11 bankruptcy as it deals with ongoing legal issues with ICTSI Oregon.
The Chapter 11 bankruptcy filing reveals ILWU's assets and liabilities, estimated to be between $1 million and $10 million.
ILWU's President, explains that the union is pursuing Chapter 11 due to ICTSI's legal strategies.
On the other hand, ICTSI characterizes ILWU's filing as an attempt to avoid responsibility.
ILWU is accused of disrupting operations at the Port of Portland and plans to use "First Day" motions to manage its finances during the restructuring process.
