We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Bondholders Seek Fast Track In Pacific Lumber Case

Law360 (February 6, 2007, 12:00 AM EST) -- California logger Pacific Lumber Co. faced a new challenge in its Chapter 11 case Tuesday when a group of bondholders of one of the company’s subsidiaries asked the court to split the unit from the rest of the case.

The group representing noteholders of the Palco subsidiary Scotia Pacific Co. LLC asked the U.S. Bankruptcy Court for the Southern District of Texas to recognize it as a single asset real estate debtor and therefore put it on the fast track through bankruptcy proceedings.

The noteholders also...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.