Displeased Creditors Fight Barnes Bay's Ch. 11 Plan
The objecting creditors are all individuals or companies that put down deposits on residences at the debtors’ swanky resort in Anguilla and cried foul when the plan proposed that most would receive a 15 percent recovery and a few would get 50 percent.
The deposit creditors, whose claims total $53 million, were allowed under the plan, however,...
To view the full article, register now.