Calif. Coastal Gets Plan OK, Plans March Ch. 11 Exit
Judge Theodore Albert of the U.S. Bankruptcy Court for the Central District of California signed off on the plan, which keeps intact a settlement with Wilmington Trust FSB and nearly all the debtor’s secured lenders.
That settlement, approved by Judge Albert in August, eliminated further litigation over the debtor's reorganization plan and implemented $181...
To view the full article, register now.