US Trustee requests Chapter 7 liquidation for Vesttoo
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US Trustee requests Chapter 7 liquidation for Vesttoo

Kyoung-son Song
30 October 2023
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The US Trustee has requested that the Delaware Bankruptcy Court appoint an independent fiduciary to handle the Vesttoo case in the pursuit of an “efficient and value-maximizing” liquidation of the debtor’s assets.

In a motion filed on Friday, the trustee requested to convert Vesttoo’s Chapter 11 cases to Chapter 7, so “an independent fiduciary can wind down the debtor’s affairs and avoid significant administrative costs”.

The

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