November 1, 2019 / 11:01 PM / 18 days ago

U.S. trustee, EdgeMarc creditors at odds over Ch. 7 trustee election

The U.S. trustee in a filing in U.S. Bankruptcy Court in Delaware said it is not taking a stand on whether EdgeMarc Energy Holdings’ Chapter 11 case should be converted, but it is opposed to how the unsecured creditors’ committee has proposed organizing an election of a Chapter 7 trustee.

The trustee on Friday objected to a bid by the committee of unsecured creditors for an order blocking two major creditors from voting for a court-appointed trustee as part of converting the energy producer’s bankruptcy to a Chapter 7 liquidation.

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