What is to be interpreted from this? (besides the obvious)
CHAPTER 11 ORDER EXPANDING CRO AUTHORITY James Latimer’s role as Chief Restructuring Office r is expanded by the following sentence. Mr. Latimer is authorized to (i) propose a plan and to supervise the drafting of a disclosure statement on behalf of the debtor-in-pos session; and (ii) direct counsel to file a motion to convert this case to a case under chapter 7.
The CRO is going to put forward his request for a chapter 7 liquidation. Commons wait at the bottom for what if anything is left?
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