Bankrupt Excel Sent To Mediation With Lenders, Creditors

Law360, New York (September 16, 2013, 7:24 PM EDT) -- A bankruptcy judge on Friday ordered Excel Maritime Carriers Ltd. and its unsecured creditors and secured lenders into mediation to see if they can resolve their disputes surrounding the company’s prepackaged plan, which has been a major point of contention since the start of the case.

U.S. Bankruptcy Judge Robert D. Drain assigned the mediation to U.S. Bankruptcy Judge James M. Peck, who recently oversaw mediation in Residential Capital LLC that resulted in a consensual Chapter 11 plan.

“The court concludes that mediation may contribute to...
To view the full article, register now.




Case Information

Case Title

Excel Maritime Carriers Ltd., et al.

Case Number



New York Southern

Nature of Suit

Date Filed

July 1, 2013

Law Firms


Government Agencies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.