For Immediate Release
BETHLEHEM, Pa., November 8, 2001 - In response to media inquiries, Bethlehem Steel Corporation announced today, that due to the company's filing for Chapter 11 bankruptcy protection on October 15, 2001, it will not be making certain local property tax payments that were incurred before the filing. Any property tax obligations that were incurred before October 15, 2001 are considered pre-petition obligations and cannot be paid under the bankruptcy law.
Over the years, Bethlehem Steel Corporation has taken great pride in its efforts to be a good corporate citizen. Bethlehem regrets the disruption and difficulty this situation may cause the many local governments serving the communities we have called home for so many years.
#
For More Information Contact:
Robert W. Bilheimer - (610) 694-3711
Bethlehem Steel Corporation
Public Affairs Department
Return to News Releases
