ON NOVEMBER 7, 2016, EPA ENTERED INTO A SETTLEMENT AGREEMENT WITH THE COYNE INTERNATIONAL ENTERPRISES CORPORATION GENERAL UNSECURED CREDITORS TRUST (THE GUC TRUST ), DISPOSING OF EPA CLAIMS AGAINST COYNE INTERNATIONAL ENTERPRISES CORP. ( COYNE ) IN CONNECTION WITH THE COYNE TEXTILE SERVICES SITE, HUNGTINGTON, WAYNE COUNTY, WEST VIRGINIA ( SITE ). AS PROVIDED IN THE SETTLEMENT AGREEMENT, EPA SHALL HAVE AN ALLOWED GENERAL UNSECURED CLAIM IN THE AMOUNT OF $5,232,163.86 AGAINST THE GUC TRUST.
ON JULY 31, 2015, COYNE FILED A VOLUNTARY PETITION FOR RELIEF UNDER CHAPTER 11 OF THE UNITED STATES BANKRUPTCY CODE, 11 U.S.C. SECTION N101-1532, IN THE UNITED STATES BANKRUPTCY COURT, NORTHERN DISTRICT OF NEW YORK ( COURT ). COYNE'S BANKRUPTCY WAS CONVERTED TO A CHAPTER 7 PROCEEDING IN FEBRUARY, 2016. THE UNITED STATES FILED A PROOF OF CLAIM AGAINST COYNE'S BANKRUPTCY ESTATE, ALLEGING THAT COYNE IS LIABLE FOR $5,813,515.40 IN REMOVAL COSTS INCURRED BY EPA IN CONNECTION WITH THE SITE.