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...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

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!