Creditors, Trustee Object To Twin River Ch. 11 Plan

Law360, New York (January 13, 2010, 2:33 PM EST) -- Unsecured creditors and a U.S. trustee representative have objected to the Chapter 11 exit plan filed by bankrupt Rhode Island casino Twin River — partly owned by Starwood Capital Group — on the contention that it appears to treat certain creditors unfairly and does not contain enough information.

The official committee of unsecured creditors and the trustee’s representative on Tuesday filed objections in the U.S. Bankruptcy Court for the District of Rhode Island to the plan for restructuring the casino owner, UTGR Inc.

The unsecured creditors...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.