From euwid-wood-products.com: In reaction to a sharp reduction in sales revenues in the last two and a half years and the ensuing cash flow problems, Chiyoda America voluntarily filed for reorganisation in accordance with US Bankruptcy Law on 19 August. The law firm Blank Rome was engaged as administrator at the same time. The United States Bankruptcy Court for the Southern District of New York accepted Chiyoda America’s application on the same day. An initial hearing took place on 25 August.