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  4. Plastic2Oil, Inc. (PTOI) Message Board

Between the trustee and some other creditors, ther

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Post# of 43066
Posted On: 05/23/2016 6:20:57 PM
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Posted By: hammchuck
Re: Golfgod #32628
Quote:
Between the trustee and some other creditors, there would be nothing left for RH.



I understand this statement is so completely off base it shows no understanding of Heddle's position as a first lien secured Creditor as well as no understanding of how a US Trustee is mandated by law to submit their billable fees under Ch 11.

Maybe you would be interested to know that a US Trustee can have their fees capped by the presiding bankruptcy Judge.....or even have them rejected and asked to be lowered and resubmitted if they are considered detrimental to a company emerging from Ch 11 reorganization.

Like I said, basic stuff if you know how the process of Ch11 bankruptcy reorganization actually works.




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