Eagle Hospitality Creditors Say Time's Up For Ch. 11 Plan
By Emma Whitford (September 24, 2021, 5:59 PM EDT) -- Eagle Hospitality Group is being uncooperative and should not be granted more time to produce a Chapter 11 plan, a group of creditors told a Delaware bankruptcy court, noting that they are waiting in the wings with their own proposal.
A committee of unsecured creditors, along with Bank of America, a preparation lender agent, pushed back Thursday on the debtors' request for an extension of exclusivity through Oct. 25. The debtors have "focused exclusively on creating their own plan," the committee said, and are not likely to use any extra time for productive negotiations.
The creditors have repeatedly "implored" the debtors...
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