Revstone's $54M Nondebtor Unit Sale Won't Involve Court

Law360, Wilmington (July 17, 2013, 3:55 PM ET) -- For the second time, a Delaware bankruptcy judge on Wednesday refused to put his stamp on a plan for Revstone Industries LLC to sell two of its nondebtor assets for $54 million, but this time the sale will go forward without court approval.

Revstone was not able to reach an agreement with secured creditor Boston Finance Group LLC and the official committee of unsecured creditors for a scaled-down version of the proposed sale order the company presented to U.S. Bankruptcy Judge Brendan L. Shannon in June....
To view the full article, take a free trial now.
Try Law360 for free for seven days
Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers

Required