Werner's Trustee Throws Up Red Flag

Law360, New York (August 17, 2007, 12:00 AM EDT) -- The U.S. Trustee has objected to bankrupt Werner Holding Co.'s disclosure statement and liquidation plan, saying it does not properly address the payment of administrative claims.

In the filing Thursday in the U.S. Bankruptcy Court for the District of Delaware, an attorney for U.S. Trustee Kelly Beaudin Stapleton said the plan doesn't say whether certain administrative claimants have agreed to be deferred or if there's the possibility of a contingent payment of their administrative claims.

The motion also said that an effort to convert the case...
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