Monaco Coach Seeks Ch. 7 After Asset Sale

Law360, New York (June 22, 2009, 12:00 AM EDT) -- Having sold its core assets and spent the money set aside for its Chapter 11 proceedings, former recreational vehicle manufacturer Monaco Coach Corp. has urged the bankruptcy court to quickly convert the case to a Chapter 7 liquidation.

On Friday, Monaco asked Judge Kevin J. Carey of the U.S. Bankruptcy Court for the District of Delaware to speed the debtor to Chapter 7 as its right to use cash collateral expired when it closed the sales of the motor home resort and RV manufacturing assets earlier...
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