In America's bankruptcy court | Bleader

Wednesday, July 29, 2009

In America's bankruptcy court

Posted By on 07.29.09 at 05:48 PM

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Back when my law-student fiancee was taking a bankruptcy class, I tried to get her to explain what was going on with the company that employs me. Her answer: it's confusing. Turns out she's right:

"[Ben] Eason, as the CEO of the debtor Creative Loafing, had one set of lawyers in court today who had negotiated and filed the bidding rules and sought Judge Delano’s approval. He also had another lawyer in court representing him and family members who would be part of the new equity bid, and that lawyer — for Eason (the bidder) — took issue with the bidding rules that Eason (the debtor) had OK’ed."

Also, I am fully behind Mike Riggs '09.

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