Vesttoo and UCC reach agreement on liquidation plan, challenge UST conversion motion
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn

© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Vesttoo and UCC reach agreement on liquidation plan, challenge UST conversion motion

Vesttoo Discovery Investigation.jpg

Both the unsecured creditors committee (UCC) and Vesttoo have filed motions disagreeing with the US Trustee's (UST) motion to convert Vesttoo’s bankruptcy case from Chapter 11 to Chapter 7, with both sides noting that they have agreed on an “expeditious” plan of liquidation.

The UST’s motion, filed in late October, argued that converting the case to Chapter 7, which would involve the appointment of an independent fiduciary to wind down the company, would “avoid significant administrative cost”.

In

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

    • Gain a competitive edge and accelerate decision-making
    • Be empowered by insights that transform confusion to clarity
    • Uncover growth opportunities and prepare for potential threats
Gift this article