U.S. Trustee Tries To Push SCO Group Into Ch. 7

Law360, New York (May 6, 2009, 12:00 AM EDT) -- The court in charge of The SCO Group Inc.'s bankruptcy should convert the software company's Chapter 11 cases to Chapter 7 because the debtors have been hemorrhaging money and have made three failed bids to resolve the cases, according to the U.S. trustee involved in the proceedings.

Acting U.S. Trustee Roberta A. DeAngelis filed a motion with the U.S. Bankruptcy Court for the District of Delaware on Tuesday saying that the cases at issue are ripe for conversion to Chapter 7, and that conversion would be...
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