Another Creditor Wants Barnes Bay Ch. 11 Case Tossed

Law360, New York (September 26, 2011, 6:49 PM EDT) -- A Connecticut man who put $333,000 toward a Caribbean villa joined other creditors of Barnes Bay Development Ltd. on Monday in asking a Delaware bankruptcy judge to dismiss the Chapter 11 case so they could pursue their claims against the luxury beachfront developer.

Jeffrey Cook's motion piggybacks onto an identical request lodged last week by two creditors, WO Viceroy I Ltd. and Jonathan Simon. The activity comes after U.S. Bankruptcy Judge Peter J. Walsh rejected Barnes Bay's reorganization plan, sponsored by secured lender Starwood Capital Group...
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