Trustee Gets Brooke Ch. 11 Converted To Ch. 7

Law360, New York (June 29, 2009, 12:00 AM EDT) -- The court overseeing insurance agency Brooke Corp.'s bankruptcy has granted a trustee's motion to convert the company's Chapter 11 proceedings to Chapter 7, noting that nearly all the debtors' employees have been terminated and that there is no prospect of reorganization.

Judge Dale L. Somers of the U.S Bankruptcy Court for the District of Kansas signed off on an order on Monday granting an April 30 motion to convert the jointly administered Chapter 11 proceedings of debtors Brooke Corp., Brooke Capital Corp. and Brooke Investments Inc....
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.