Werners Protest Creditors Liquidation Plan

Law360, New York (October 18, 2007, 12:00 AM EDT) -- Two members of the founding family behind Werner Holding Co. Inc. are urging the bankruptcy judge to deny the second amended liquidation plan put forth by the unsecured creditors committee, blasting the proposal as a misguided attempt to circumvent the Bankruptcy Code.

On Tuesday, former employees Eric and Craig Werner filed their objection in the U.S. Bankruptcy Court for the District of Delaware, expressing particular concern over the committee's intention to consolidate the bankrupt ladder maker's various estates.

“While the disclosure statement recites the standard for...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.