SquareTwo Unsecured Creditors Get More Time To Probe Co.

Law360, New York (May 2, 2017, 10:01 PM EDT) -- SquareTwo Financial Services Corp.'s unsecured creditors were given more time to investigate, test or resolve potential claims against the consumer and commercial debt collector after a New York bankruptcy judge agreed Tuesday to push back confirmation of the debtor's prepackaged reorganization plan by a few weeks.

Finding that the official committee of unsecured creditors had shown sufficient cause to disrupt a truncated Chapter 11 timeline, U.S. Bankruptcy Judge James L. Garrity Jr. tentatively rescheduled a May 12 confirmation hearing to June 2, giving the group more time...
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