US Trustee Fights Toss Of Pappas Bankruptcy

Law360, New York (June 3, 2010, 1:42 PM EDT) -- The U.S. trustee in Pappas Telecasting Cos.' bankruptcy has objected to a bid by the debtor, its unsecured creditors and the Chapter 11 trustee in the case to dismiss the bankruptcy and distribute the proceeds from Pappas' asset sale through a settlement.

Acting U.S. Trustee Robert DeAngelis said in an objection filed Wednesday in the U.S. Bankruptcy Court for the District of Delaware that Pappas and its creditors were unlawfully trying to circumvent the bankruptcy process.

“The terms of the proposed order and the certification of...
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