Satcon Creditors Oppose Deal That Would Lead To Incurring Post-Petition Trade Debt

Satcon Creditors Oppose Deal That Would Lead To Incurring Post-Petition Trade Debt

WILMINGTON, Del. - A group of secured creditors in the Chapter 11 bankruptcy of alternative energy company Satcon Technology Corp. (STC) on Nov. 27 filed a brief in the U.S. Bankruptcy Court for the District of Delaware objecting to the debtor's emergency motion seeking authorization to enter a settlement in which it would incur post-petition trade debt (In Re: Satcon Technology Corporation, No. 12-12869, Chapter 11, D. Del. Bkcy.).

Access this news story on lexis.com®