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ATP OİL & GAS AO Message Board

  • bnwild56 bnwild56 Jun 20, 2013 5:45 PM Flag

    Where's fairness only law for the Big Banks?

    ""IV. Lack of Due Process and Fairness Requires Denial of Credit Bid
    29. After over a month of adjournments and related delays to the Sale Hearing
    while the Debtor and the DIP Lenders negotiated the APA, the Debtor’s filing of a significantly
    revised APA two days prior to the Sale Hearing does not provide a reasonable amount of time to
    allow the Committee or other parties in interest to properly evaluate the final Credit Bid (which
    even now is not final). Moreover, as of one day prior to the Sale Hearing, the Debtor has not
    provided filed schedules or exhibits to the APA. This compressed schedule raises fundamental
    fairness and due process concerns for all parties in interest (for the vast majority of whom the
    Objection Deadline has long since expired).""