Bestwall LLC Seeks Bankruptcy Protection

Bestwall LLC, a unit of Georgia Pacific, sought bankruptcy protection under U.S. Chapter 11 early Thursday morning. Bestwall LLC filed the petition as a result of towering costs associated with defending asbestos claims around the nation. The filing comes during a period of time in which both state and federal lawmakers ponder proposals to curb asbestos claims. A company statement indicated that Georgia Pacific is unaffected by the filing.