Green Field Creditors Want To File Their Own Ch. 11 Plan
By Matt Chiappardi
Law360, Wilmington (February 28, 2014, 9:01 PM ET) -- The creditors committee in oil services company Green Field Energy Services Inc.'s bankruptcy Friday blasted the debtors' request to extend its Chapter 11 plan exclusivity period into the summer, arguing Green Field has thus far pursued an “unusual, high-risk strategy,” and proposing to file a plan of its own.
In a motion before the Delaware bankruptcy court, the official committee of unsecured creditors goes as far as to question whether a Chapter 11 trustee might be necessary for the case, and says that Green Field, which...