07-22-2015, 09:00 PM
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Confirmed User
Industry Role:
Join Date: Feb 2010
Location: California
Posts: 3,068
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Quote:
Originally Posted by dyna mo
post just 1 link to an article that confirms trump's ch11 filings had appointed trustees.
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"The trustee in Trump Entertainment Resorts Inc.?s Chapter 11 proceedings has objected to the debtor?s proposed hiring of Weil Gotshal & Manges LLP, alleging a conflict of interest stemming from a previous bankruptcy case. "
Weil Gotshal Has Conflict Of Interest: Trump Trustee - Law360
By the way, I did not post "conjecture". I posted the US Trustee program description from the DOJ website.
Anyhow, this whole trustee tangent is irrelevant to the issue that restructuring through bankruptcy is not voluntary from the standpoint of creditors. So it is a misnomer to say that creditors are "fine" with banrkruptcy. |
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