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APL CORPORATION FILES MOTION IN BANKRUPTCY COURT

 MIAMI, Aug. 3 /PRNewswire/ -- In response to the pending Involuntary Bankruptcy Petition filed against APL Corporation on June 25, 1993, the company on July 23, 1993 filed a motion in the bankruptcy court for the Southern District of Florida and obtained an order on July 27, 1993 converting the pending Involuntary Petition to a voluntary case under Chapter 11 of the Bankruptcy Code. As of this date, only the parent company, APL Corporation is in bankruptcy and all of its operating subsidiaries are continuing to operate in the ordinary course of business.
 -0- 8/3/93
 /CONTACT: Robert Schatzman or Alan J. Perlman of Schantz, Schatzman & Aaronson, P.A., 305-371-3100, for APL Corporation/


CO: APL Corporation ST: Florida IN: SU: BCY

JB-AW -- FL008 -- 9109 08/03/93 17:45 EDT
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Publication:PR Newswire
Date:Aug 3, 1993
Words:130
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