Bi-Lo Creditors Fight Bid to Retain Consultant

By Liz McKenzie

Law360, New York (February 11, 2010, 2:02 PM ET) -- Creditors of bankrupt Southern supermarket chain Bi-Lo LLC have objected to its request to retain Valuation Research Corp. as an “ordinary course of business” professional.

Bi-Lo’s official committee of unsecured creditors filed an objection Wednesday urging the U.S. Bankruptcy Court for the District of South Carolina not to approve its motion to retain and compensate financial advisory firm VRC as an ordinary course professional.

Creditors argue that VRC cannot be considered an OCP — a professional that provides services to a debtor that, while integral to...
To view the full article, take a free trial now.

Already a subscriber? Click here to login

You must correct or enter the following before you can submit this form:

All fields required

  5. Required

Only Law360 gives you:

Non-stop coverage of high-stakes litigation across 30 practices

Real-time tracking and reports on 10,000+ companies, firms and industries

Over 80,000 attorney profiles with neutral data collected from active lawsuits

Research tools to find cases, court documents, attorneys and companies

Customized feeds and alerts that can easily be shared with colleagues

In-depth expert analysis from high-profile attorneys at top firms

Access to our vault with over 75,000 original articles