Monaco Coach Steers Toward Ch. 7 After Judge's OK

Law360, New York (June 30, 2009, 12:00 AM EDT) -- Monaco Coach Corp. has won approval to convert its Chapter 11 bankruptcy into a Chapter 7 liquidation, a development that comes just weeks after the recreational vehicle maker sold off its core assets and luxury line.

Judge Kevin J. Carey of the U.S. Bankruptcy Court for the District of Delaware signed off on MCC's proposal Monday, with the official conversion date set for the following day. Any pending adversary proceedings and other contested matters will continue to be heard before Judge Carey pending the appointment of...
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