Pacific Lumber Rebuffs Plan For Ch. 11 Trustee

Law360, New York (January 22, 2008, 12:00 AM EST) -- The debtors in Pacific Lumber Co.'s bankruptcy case have rebuffed their indenture trustee's attempt to impose a Chapter 11 trustee on them as they make their way toward the April 1 confirmation hearing on competing plans for reorganization.

Scotia Pacific Lumber Co., Pacific Lumber's debtor-in-possession, filed a motion to dismiss the earlier motion to appoint a Chapter 11 trustee, which the Bank of New York Trust Co. NA, in its capacity as indenture trustee, had lodged on Jan. 14.

A hearing on the competing motions was...
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