mrfish3726
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- Jul 7, 2004
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UNITED AIRLINES: Creditors: More time needed
Bloomberg News
Published July 12, 2005
United Airlines' creditors are objecting to the carrier's schedule for seeking approval of a reorganization plan, saying they aren't getting enough time or information to conduct a review.
United, which filed for bankruptcy protection in December 2002, has asked the federal bankruptcy court in Chicago for permission to file a reorganization plan Aug. 1. It asked for a Sept. 2 hearing to get approval to allow creditors to vote on the plan.
"Until the committee has a complete picture of the plan ... it is premature for the committee to sign off" on the proposed schedule, the group of unsecured creditors said in a filing with the court.
The court will consider the company's proposed schedule at a hearing Friday. The committee suggested that the judge postpone consideration of the schedule to a later date.
UniTED Management trying to pull a fast one AGAIN, nothing new for them! :down:
Bloomberg News
Published July 12, 2005
United Airlines' creditors are objecting to the carrier's schedule for seeking approval of a reorganization plan, saying they aren't getting enough time or information to conduct a review.
United, which filed for bankruptcy protection in December 2002, has asked the federal bankruptcy court in Chicago for permission to file a reorganization plan Aug. 1. It asked for a Sept. 2 hearing to get approval to allow creditors to vote on the plan.
"Until the committee has a complete picture of the plan ... it is premature for the committee to sign off" on the proposed schedule, the group of unsecured creditors said in a filing with the court.
The court will consider the company's proposed schedule at a hearing Friday. The committee suggested that the judge postpone consideration of the schedule to a later date.
UniTED Management trying to pull a fast one AGAIN, nothing new for them! :down: