August 31, 2017 / 9:58 PM / a year ago

U.S. trustee says Ignite's Ch. 11 plan disclosures fall short

The U.S. government’s bankruptcy watchdog on Thursday came out against Ignite Restaurant Group Inc’s disclosures for how it will wrap up its Chapter 11 bankruptcy, saying they lack detail for creditors and propose overly broad liability releases.

Ignite’s disclosures also point to a Chapter 11 plan that cannot be confirmed, according to a filing by U.S. Trustee Judy Robbins’ office in the U.S. Bankruptcy Court in Houston.

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