La Toya Jackson Creditors Seek To Reopen Ch. 11

Law360, New York (May 20, 2010, 3:48 PM EDT) -- A judge is considering whether to reopen the long-closed bankruptcy of faded pop star La Toya Jackson, potentially allowing unsecured creditors including Parisian nightclub the Moulin Rouge to capture royalties after going more than a decade without receiving a penny for their claims.

Judge James M. Peck heard arguments on Thursday in the U.S. Bankruptcy Court for the Southern District of New York from lawyers representing the Jackson creditors' trustee and the nightclub, Jackson’s largest unsecured creditor, who asked that the life of the trust be...
To view the full article, register now.