Trustee Attacks New Century's Disclosure Statement
U.S. Trustee Kelly Stapleton said that the plan, filed on Feb. 2, gave a “truncated” account of a special examiner's report, filed in January, that said New Century may have misled investigators regarding its post-petition cash collateral use.
“The plan proponents should summarize and detail the examiner’s key findings regarding the cash...
To view the full article, register now.