What form of equity infusion transaction is envisioned?
The form, substance and economic structure of any such transaction remain uncertain at this time, and depend entirely upon whether the efforts to attract a suitable investor will be successful. The implementation of any such transaction might require first that the bankruptcy case be converted to a case under Chapter 11, which would require the filing of a motion and a hearing in the Bankruptcy Court. In connection with any such filing, the Trustee will issue a press release that will be posted on this website, and provide other notice and a hearing in the Bankruptcy Court as required by the Bankruptcy Code and Rules.
