The RNDC Story in Their Own Words

Dear Client:  Yesterday we reported that Republic National Distributing Co. has voluntarily filed for Chapter 11 bankruptcy [see WSD 07-27-2026]. Today we'll go into more detail on the bankruptcy filing as well as what led the company to this point in the words of RNDC chief restructuring officer John Castellano.  THE UNSECURED CLAIMS. As reported yesterday, RNDC has more than 100,000 creditors, estimated assets between $500 million and $1 billion, and estimated liabilities between $1 billion and $10 billion. As