The Internet’s First Bankruptcy Blog, Now 2.0
The Chicago Tribune reports that Sandra Butler, former courtroom deputy to Judge Jacqueline Cox (and before that to former Judge Ron Barliant), has been charged with attempted extortion for allegedly soliciting $500 from a debtor by promising to halt the sale of the debtor’s house. The Tribune reports:
Butler had no power to influence the
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United filed its draft 130 page Plan of Reorganization and supporting 430 page Disclosure Statement (Parts 1 and 2), and it’s looking like a blood bath for unsecured creditors (4-7 cents on the dollar) and equity holders (no distributions whatsoever). Another very well-drafted plan by K&E’s bankruptcy group, that contemplates the substantive consolidation of…