Creditor Holds Up Deal With Refco Unit
If Rogers, who has the largest claim against Refco Capital Markets (RCM), refuses to join the deal to help resolve the obligations of bankrupt RCM in the next two weeks, the U.S. Trustee will have to convert RCM’s case from a Chapter 11 reorganization to a Chapter 7 liquidation.
Marc Kirschner, the court-appointed Trustee, warned that if Rogers...
To view the full article, register now.