Omega Creditors Blast Exclusion From Ch. 11 Plan Talks

Law360, New York (September 11, 2012, 5:50 PM EDT) -- Unsecured creditors of Omega Navigation Enterprises Inc. on Tuesday slammed the Greek oil shipper’s Chapter 11 reorganization plan, telling a Texas bankruptcy judge they were unfairly excluded from plan negotiations.

A committee of unsecured creditors said Omega filed the plan Aug. 3 without giving them any say over the contents of the documents, which will determine how the company will emerge from court protection.

“Despite the committee’s complaint throughout these cases that the debtors have not sought its input in the formulation of a plan that...
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