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Trustee Blasts Ambassadors' Ch. 11 Sale Procedure Plan

By Bibeka Shrestha (April 13, 2011, 10:34 PM EDT) -- The U.S. trustee in Ambassadors International Inc.'s Chapter 11 bankruptcy case objected Wednesday to the company's proposed sale procedures, claiming stalking horse bidder Whippoorwill Associates Inc. is not entitled to bid protections because it is an insider....

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