US Administrator Declares Alpha Latam Ch. 11 Insufficient Disclosure

By Rick Archer (January 24, 2022, 7:31 PM EST) – The U.S. Trustee’s Office on Monday urged a Delaware bankruptcy judge to reject Colombian payday lender Alpha Latam Management’s Chapter 11 plan disclosure, saying it contains an insufficiently explained and overly broad disclaimer.

In an objection to the disclosure of the Alpha Latam plan, the U.S. trustee’s office says the latest version of the plan’s disclosure statement adds a sketchy settlement with an unnamed group of creditors to a plan that would release legal claims. parties who will never receive notice. the scheme exists.

“The plan imposes non-consensual waivers on many non-debtor parties, and a related party clause expands the universe…

Stay one step ahead

In the legal profession, information is the key to success. You need to know what’s going on with customers, competitors, practice areas and industries. Law360 provides the intelligence you need to stay an expert and beat the competition.

  • Access to case data in articles (numbers, filings, courts, nature of lawsuits, etc.)
  • Access to attached documents such as briefs, motions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and more!

TRY LAW360 FREE FOR SEVEN DAYS

Comments are closed.