Creditors Slam Recovery Cap In US Shipping Plan

By Evan Weinberger (September 28, 2009, 1:17 PM EDT) -- The unsecured creditors of bankrupt petroleum tanker firm U.S. Shipping Partners LP have objected to its proposed restructuring plan, calling it "unfairly discriminating" because it limits recovery for all of the unsecured creditors to $100,000 if they do not approve it....

Law360 is on it, so you are, too.

A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.


A Law360 subscription includes features such as

  • Daily newsletters
  • Expert analysis
  • Mobile app
  • Advanced search
  • Judge information
  • Real-time alerts
  • 450K+ searchable archived articles

And more!

Experience Law360 today with a free 7-day trial.

Start Free Trial

Already a subscriber? Click here to login

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!