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An Objection to SCO's Proposed Reorganization Raises Questions About SNCP

Feb 29, 2008, 15:15 (0 Talkback[s])
(Other stories by Pamela Jones)

"Time to catch up with numerous filings in the bankruptcy. Folks heard about the proposed reorganization and may be smelling money in the air, I gather, because here comes a creditor, Citi Financial, who's decided it's worth it now to hook a car to the creditors' train and send in their lawyers. We'll see if there really is any money, though. Another creditor, Main 10, has transferred its claim to Argo Partners, and another set of SCO's monthly operating reports were filed. And there's another pro se Objection, this time to the reorganization plan.

"It's considerably more interesting than the previous one and raises some valid questions, although I continue to wish they had been brought to the US Trustee's Office. One good thing is it's been filed early enough that others can build on it, should they choose to..."

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