Young Creditors Fight Lenders Over Ch. 11 Plan

Law360, New York (January 15, 2010, 6:03 PM EST) -- The unsecured creditors committee in the Young Broadcasting Inc. bankruptcy has heated up the debate over whether the court will adopt its restructuring plan or a competing plan from the senior lenders, calling the lenders' complaints about plan fairness “flat wrong.”

The unsecured creditors committee urged the court to adopt its plan for the reorganization in a filing Tuesday with the U.S. Bankruptcy Court for the Southern District of New York.

The sometimes exasperated tone in the unsecured creditors' arguments bore out case watchers' earlier predictions...
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