From euwid-wood-products.com: Arclin intends to implement financial restructuring measures already introduced on 27 July 2009 in order to reduce its debt. On the basis of a rescue proposal drawn up by Ernst & Young since the end of May 2009, Arclin achieved fundamental agreement with its principle creditors prior to embarking on the project. Parallel to these measures, interim financing has been negotiated. On 27 July, in order to facilitate this re-arrangement of the financing, Arclin made a voluntary application for creditor protection relating to all North American subsidiaries.