Largest Creditor In Muzak Chap. 11 Seeks More Rights

Law360, New York (March 11, 2009, 12:00 AM EDT) -- Silver Point Capital LP, the largest creditor of bankrupt Muzak Holdings LLC, is seeking the same rights as the official committee of unsecured creditors with respect to extending deadlines for major milestones in the Chapter 11 proceedings.

In a limited objection filed Wednesday in the U.S. Bankruptcy Court for the District of Delaware, Silver Point argued that its position as the largest creditor in Muzak’s bankruptcy proceedings means it should have as much of a say in extending deadlines for the debtors as the committee, which...
To view the full article, register now.