Trustee Seeks Ch. 7 Conversion For Radnor

Law360, New York (March 20, 2007, 12:00 AM EDT) -- The U.S. Trustee overseeing Radnor Holdings Corp.'s Chapter 11 proceedings has renewed her calls to have the bankrupt foam cup maker’s case converted to Chapter 7, arguing the move would be more affordable for the company and in the best interests of creditors.

U.S. Trustee Kelly Beaudin Stapleton filed the motion in the U.S. Bankruptcy Court for the District of Delaware on Monday. The motion stated Radnor’s case should be converted because “there is a continuing loss to or diminution of the estate, there is no...
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