Rapid-American Corporation
Report editions with direct, substantive coverage of this trust’s documented figures, payment history, or case status.
The filing season closes with the documented floor confirmed at $17.04B and 23.3% on verified class-(a) footing. Maremont and API are now fully verified at FY2025, correcting a prior $933,980 under-verification. Seven cuts since January 2023, zero raises. Babcock & Wilcox completes the seven-week notice-to-cut template. No new formations or closures.
Filing-season issue: nine trusts move onto FY2025 filed footing, refreshing the documented floor to an exact $17,042,880,106 (23.3% class-(a)); cuts at Combustion Engineering and Babcock & Wilcox, reconsideration notices at Maremont, USG, and B&W; Georgia-Pacific abandons Bestwall and plans a new Chapter 11. Retrospective issue, backfilled July 28, 2026.
The 2025 year in review: four payment-percentage cuts and the Celotex deferral, Rapid-American's end-of-life, landmark Fourth Circuit rulings in Kaiser Gypsum and Bestwall, and DCPF's §5.5 amendments and Cross-Trust Audit Program consolidating governance across half the documented floor. Retrospective issue, backfilled July 28, 2026.