DBSI withdraws motion for examiner appointment ruling reconsideration

By Caroline Salls

Pittsburgh, May 21 - DBSI, Inc. has withdrawn its motion for reconsideration of a court order directing the U.S. Trustee to appoint an examiner for the company's bankruptcy case, according to a Wednesday filing with the U.S. Bankruptcy Court for the District of Delaware.

According to the reconsideration motion, which was filed on April 6, before the examiner was certified, the U.S. Trustee circulated a draft order that did not comply with the court's ruling.

Although DBSI and its official committee of unsecured creditors suggested changes to the draft, the company said the U.S. Trustee's proposed order did not include most of the suggested revisions.

Meridian, Idaho-based DBSI controls a network of real estate entities. The company filed for bankruptcy on Nov. 10, 2008. Its Chapter 11 case number is 08-12687.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.