Creditors, Caesars Clash Over Bankruptcy Control
Reuters reported creditors of the bankrupt operating unit of Caesars Entertainment said they wanted to stop the casino company from extending the period when it has exclusive control of its Chapter 11 reorganization so other plans could be proposed.
Reuters said further the creditors filed objections to the request by the operating unit to extend to Nov. 15 from May 15 its exclusive right to propose a plan to cut its $18 billion in debt.
Previously on abfjournal: Judge Approves Ex-Watergate Lawyer to Probe Caesars Bankruptcy, March 27, 2015
To read the entire Reuters article, click here.