We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Summit Global Trustee Seeks Ch. 7 Conversion

Law360 (October 21, 2008, 12:00 AM EDT) -- The U.S. trustee in Summit Global Logistics Inc.'s Chapter 11 case has filed a motion to convert the case to Chapter 7, citing the company's failures to form a creditors committee and file monthly reports, the absence of managing officers and the lead counsel’s requested withdrawal from the case.

The trustee said there was not a singular cause for the conversion and expressed doubt that the company would be able to successfully emerge from Chapter 11.

“Substantial losses, diminution of the estate and the absence of...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.