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Scottish Annuity & Life Insurance Company Order Extending Dates

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The U.S. Bankruptcy Court issued an order granting the emergency motion of the Scottish Annuity & Life Insurance Company’s official committee of unsecured creditors to (i) continue its hearing on the Disclosure Statement motion and the approval of the stalking horse transaction, (ii) extend the response deadline, (iii) extend the bid deadline and (iv) continue the auction.

The order amends key dates as follows: the bid deadline shall be May 25, 2018; the auction, if necessary, shall commence on May 30, 2018; if the stalking horse is designated as the winning bidder, the hearing for approval shall be held on June 4, 2018; the hearing on the Debtor’s motion to approve solicitation procedures is rescheduled from May 23, 2018 to June 4, 2018; and the objection deadline is extended from May 16, 2018 until May 25, 2018.”

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The post Scottish Annuity & Life Insurance Company Order Extending Dates appeared first on Daily Bankrupt Company Updates | Bankrupt Company News.


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