Faricy Law Firm, P.A. v. A.P.I., Inc. (In re A.P.I., Inc.)

*904ORDER ON PETITIONER’S MOTION FOR ABSTENTION AND REMAND

GREGORY F. KISHEL, CHIEF UNITED STATES BANKRUPTCY JUDGE

In early 2005, Debtor A.P.I., Inc. filed for relief under Chapter 11. It did so because it was faced with a multi-part problem: multiple, substantial claims in litigation against it, for damages based on plaintiffs’ exposure to asbestos in materials sold or installed by it; at least one very large unsatisfied judgment on such liability; and substantial contests with its liability insurers over the continuation of coverage for such liability. The Bankruptcy Code made certain very…