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....
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