OCA Reorganization Plan Spawns Objections

Law360, New York (May 9, 2006, 12:00 AM EDT) -- Two groups of dentists have filed objections to bankrupt orthodontic services firm OCA Inc.’s proposed reorganization plan, in an attempt to stymie the restructuring model that was agreed to last week by OCA’s unsecured creditors and senior lenders.

Both objections, which were filed in a federal bankruptcy court in New Orleans on Tuesday, take issue with the timing of the plan, which was filed before the debtor’s statement of financial affairs and schedules, and argue that the objection period is too short.

One objection argues that...
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