Court rejects US Trustee’s Chapter 7 motion for Vesttoo
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Court rejects US Trustee’s Chapter 7 motion for Vesttoo

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The Delaware Bankruptcy Court has rejected a motion to convert Vesttoo’s Chapter 11 case to Chapter 7.

In a motion filed on 27 October, the US Trustee requested that the Delaware Bankruptcy Court appoint an independent fiduciary to handle the case to pursue an “efficient and value-maximising” liquidation of the debtor’s assets.


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