Replies to post #605 on School Specialty, Inc (fka SCHSQ)

[east600]

Objection already filed, Hokie - Docket #847

OBJECTION AND RESERVATION OF RIGHTS OF THE OFFICIAL
COMMITTEE OF UNSECURED CREDITORS TO THE REVISED PROPOSED
ORDER APPROVING DISCLOSURE STATEMENT AND RELATED PROCEDURES
AND TO THE DISCLOSURE STATEMENT FOR DEBTORS’ AMENDED JOINT
PLAN OF REORGANIZATION UNDER CHAPTER 11 OF THE BANKRUPTCY CODE


"...Also to the Committee’s chagrin, it appears that the Ad Hoc DIP Lenders have picked up the mantle of the Debtors’ original pre-petition secured lender, Bayside Finance, LLC (“Bayside”), and the Committee is once again left to battle lenders bent on stealing the value all to themselves...."