Ruden McClosky Reiterates Buyer's Ch. 7 Objections

Law360, Los Angeles (June 27, 2012, 9:15 PM EDT) -- Bankrupt law firm Ruden McClosky PA on Wednesday echoed concerns raised by its planned purchaser, Greenspoon Marder PA, over a possible conversion to Chapter 7 bankruptcy, saying the move would add unnecessary administrative costs and delay payments to creditors.

Ruden McClosky's protest of converting its bankruptcy from Chapter 11 rehashed many of the same concerns raised a day earlier by Greenspoon in a separate objection filed in Florida bankruptcy court, with both firms claim the appointment of a Chapter 7 trustee would not only add costs...
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