A Delaware bankruptcy judge rejected nursing home chain Gulf Coast Health Care's Chapter 11 plan Wednesday, saying it did not give parties with tort claims against the chain a large enough recovery to compensate for the third-party claims they would surrender.
A New York bankruptcy judge Wednesday denied a request by creditors of Chilean hydroelectric venture Alto Maipo for more time to challenge the claims of the company's secured lenders but did give them two more weeks to file new claims against the company.
A Delaware bankruptcy judge Tuesday rejected the third-party releases in cannabis investment firm Kettner Investments' Chapter 11 plan, saying there was no evidence the releases were necessary or that the releasing parties had the chance to opt out.
A Delaware bankruptcy judge sent Gorham Paper & Tissue LLC's Chapter 11 liquidation plan out for a creditor vote Wednesday, nearly a year after the bathroom tissue maker sold its assets and reached a $7.5 million settlement with its Zohar parent company.