Liquidation plan for Eagle Hospitality Trust units is 'convoluted, complex and confoundingly dense': US Trustee
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THE office of the US Trustee, which is the United States Department of Justice's bankruptcy watchdog, has raised objections to liquidation plans filed by units of the beleaguered Eagle Hospitality Trust (EHT), saying the plan is "quite complex, convoluted and difficult to digest".
The US Trustee is now urging Delaware bankruptcy court judge Christopher Sontchi, who is handling the cases, to deny the motion and relief sought by debtors of the various EHT-linked units.
The US Trustee is responsible for overseeing the administration of Chapter 11 bankruptcy cases and private trustees in the US. The US Trustee has the duty to monitor plans and disclosure statements filed in such cases, and comment on such plans and disclosure statements.
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