Replies to post #435 on ATPG Senior 11.875% 2nd Lien Bonds (fka ATPG.GE)

[romang]

they did hold of on the motion to appoint a chapter 7 trustee 1 day before the auction. but this can be brought back up

http://www.kccllc.net/documents/1236187/1236187130506000000000005.pdf

they can argue that a chapter 7 sale would give the debtor more time to wind down there assets and also would allow the estate to hold on to the bp claim.

I know u don't think the bp claim is worth much :) but its better then basically giving it away for free to the dip lenders