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

“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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