Summary
After eight months of futile effort to revive its sagging fortunes, EnCap Golf Holdings' reorganization petition was dismissed Tuesday by a U.S. Bankruptcy Court judge.
"I regret the ending," Judge Novalyn Winfield said. "But a superb result just wasn't to be."See the full content of this document
Extract
Bankruptcy Judge Tosses Encap Case
The end of the Chapter 11 process could lead to years of expensive and time-consuming litigation among more than a dozen entities in the case. At least 200 unsecured creditors are left to look elsewhere to recoup their losses.
In addition, millions of dollars in taxpayer money may never be recovered."This falls under 'Be careful what you wish for,' " EnCap attorney Michael Sirota said. "How many year...See the full content of this document
Sponsored links
