Ten months of non-exclusivity |...
Published (2009-11-12 16:46:00)
Well, seems to me, and I do not know the ins and outs of BK law, that the creditors could file a motion for conversion to Chapter 7, if there are irregularities or un-due motion towards getting the company re-organized and out of BK or towards Chapter 7 liquidation at some unknown distant point. If the exact finances and status of the company were not timely reported prior to assignment of a Trustee, and by all indications are still not being...