Barnes Bay Creditors Cleared To Sue In Anguilla

Law360, Wilmington (October 3, 2011, 4:30 PM EDT) -- A Delaware bankruptcy judge on Monday cleared disgruntled creditors of Barnes Bay Development Ltd. to seek redress in court on the island of Anguilla, where the debtors’ luxury resort is located, but kept the case open for the limited purpose of determining fees owed to professionals.

After U.S. Bankruptcy Judge Peter J. Walsh rejected the developer’s reorganization plan, several creditors seeking the return of deposits on residences at the resort had sought dismissal of the case so the automatic stay would no longer block potential claims...
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