3 ms·
A bankruptcy trustee was involved during the whole process (3rd party neutral). While the goal of increasing money to creditors here may work due to the free pu
by patrickhogan1 2y ago
A bankruptcy trustee was involved during the whole process (3rd party neutral). While the goal of increasing money to creditors here may work due to the free publicity, it harms the creditors interests who already agreed to the settlement. So you have a third party neutral trustee and the creditors who were harmed agreeing.
With that said bankruptcy judges do reject plans quite often and this is a high profile case.