G.I. Joe's: Global Settlement & Bankruptcy Dismissal in Work
G.I. Joe’s Holding Corporation, its Official Committee of Unsecured Creditors, and its Prepetition (pre-bankruptcy) Term Loan B Secured Creditors have filed a joint response and objection to the United States Trustee’s request to convert G.I. Joe’s chapter 11 cases to chapter 7 liquidations (for details on the U.S. Trustee’s motion, please see an earlier post here). Earlier today, the debtors also filed a revised agenda for tomorrow’s omnibus hearing (at which the U.S. Trustee’s conversion motion was scheduled to be heard). The revised agenda reflects that G.I. Joe’s and the U.S. Trustee have agreed to adjourn the hearing on the motion to the next regularly-scheduled hearing. It also reflects that G.I. Joe’s has reached a consensual settlement of BMC Group’s motion seeking payment of its fees and expenses incurred as the claims and noticing agent in the cases. You can find details on BMC Group’s motion in an earlier post, available here
Comments are closed.