Pacific Lumber Rebuffs Plan For Ch. 11 Trustee

Law360, New York (January 22, 2008, 12:00 AM EST) -- The debtors in Pacific Lumber Co.'s bankruptcy case have rebuffed their indenture trustee's attempt to impose a Chapter 11 trustee on them as they make their way toward the April 1 confirmation hearing on competing plans for reorganization.

Scotia Pacific Lumber Co., Pacific Lumber's debtor-in-possession, filed a motion to dismiss the earlier motion to appoint a Chapter 11 trustee, which the Bank of New York Trust Co. NA, in its capacity as indenture trustee, had lodged on Jan. 14.

A hearing on the competing motions was...
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.