Katy Creditors' Secured Debt Challenge Tossed In Delaware
By Vince Sullivan ( July 6, 2018, 10:41 PM EDT) -- Secured lenders of the bankrupt cleaning product maker Katy Industries Inc. prevailed Friday in their bid to dismiss an adversary complaint from unsecured creditors seeking to subordinate a portion of their secured claims used to credit bid for the debtor's assets in its Delaware Chapter 11 case....
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