Creditors Set Up Roadblocks To Goody's Plan

Law360, New York (September 30, 2008, 12:00 AM EDT) -- About a dozen objections opposing bankrupt Goody's Family Clothing Inc.'s reorganization plan, including one by the federal government, were filed on Monday, as the deadline was set to expire.

The Ohio Department of Taxation, Tennessee Department of Revenue and Capital Business Credit LLC are among those objecting to the plan in the Monday motions, filed in the U.S. Bankruptcy Court for the District of Delaware. A hearing is scheduled for Oct. 6.

The federal government objected on behalf of its Bureau of Customs and Border Protection,...
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