CEOC\u2019s<\/a> bankruptcy.<\/p>\nDavis also claims CEOC was possibly insolvent as early as 2008. Caesars branded the assessment \u201csubjective\u201d and disputes the claims.<\/p>\n
While all creditors are now dancing to Caesars\u2019 tune, there may yet be one last impediment to reorganization. Last week, US government\u2019s bankruptcy watchdog, US Trustee, expressed concerns over the legality of Caesars restructuring plan, which is currently under its review.<\/p>\n
\u201cFrom our perspective even if everyone comes to an agreement, it might still violate the law,\u201d said Denise DeLaurent, a lawyer for US Trustee.<\/p>\n
\n","protected":false},"excerpt":{"rendered":"
Trilogy Capital Management, the last of Caesars\u2019 hold-out creditors, has agreed to accept reorganization plans for the bankrupt operating unit, CEOC. Trilogy Capital Management holds just $9.4 million of CEOC\u2019s $18 billion debts, but was unhappy with Caesars most recent deal, which offered it 66 cents on the dollar, in line with other creditors in […]<\/p>\n","protected":false},"author":42,"featured_media":41312,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,18],"tags":[],"acf":[],"yoast_head":"\n
Final Hold-out Caesars Creditor Comes on Board with Bankruptcy Plan<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n