Trustee Wants Levitz Converted To Ch. 7

Law360, New York (August 27, 2008, 12:00 AM EDT) -- The U.S. trustee in the Levitz Furniture Inc. bankruptcy case on Tuesday filed a memorandum in support of her motion to convert the case from Chapter 11 reorganization to Chapter 7 liquidation.

In the U.S. Bankruptcy Court for the Southern District of New York, U.S. Trustee Diana G. Adams told the judge that the furniture company failed to file an updated disclosure plan — due in March — and still hasn't. She also said the company does not have sufficient assets to provide meaningful distribution to...
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.