Between the trustee and some other creditors, ther
Post# of 43066
Posted On: 05/23/2016 6:20:57 PM
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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