Barnes Bay Creditors Want COI Answers From Consultants

Law360, New York (April 28, 2011, 2:42 PM EDT) -- Bankrupt luxury resort developer Barnes Bay Development Ltd.'s unsecured creditors said Tuesday that the company's choice for a restructuring consultant should be required to answer serious conflict-of-interest questions prior to gaining court approval.

Barnes Bay filed for bankruptcy protection March 17, saying swelling construction costs burdened the Viceroy Anguilla Resort & Residences that it was developing in Anguilla with unsustainable debt.

In an objection filed in Delaware bankruptcy court, the official committee of unsecured creditors said it was concerned that William Tacon, an employee of turnaround...
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