Tuesday, August 23, 2011 7:58:53 PM
I was taking the debtors at their word, that no money is flowing from senior to junior creditors. If that is in fact the case, then I suspect that the trustee actually meant to object to distributions from junior creditors being given to seniors. this should be good for CTs.
I'm looking forward to a response from the trustee, but they might just address it verbally at the DS hearing.
Yes, the debtor is trying to delay some objections until plan confirmation. they are trying to get the DS approved with minimum disclosure.
regardless, we will find out soon enough.
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