October 3, 2019 / 10:36 PM / 13 days ago

IN BRIEF: Chapter 7 conversion in play for health-test supplier uBiome

The judge in the Chapter 11 bankruptcy of uBiome Inc said in court papers on Thursday she will consider a motion by the supplier of health tests to convert its case to Chapter 7 liquidation overseen by a court-appointed trustee.

Judge Laurie Selber Silverstein in an order on Thursday set a hearing on the motion for Oct. 10 after uBiome in a filing said it, its lenders and its committee of unsecured creditors were at odds over terms for a loan to support the company in bankruptcy.

To read the full story on Westlaw Practitioner Insights, click here: bit.ly/2Mawx4H (Reporting by Jim Christie)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below