Bankruptcy Judge Approves Bid Procedures Deal Between Reinsurance Firm, Creditors

Mealey's (March 15, 2018, 11:22 AM EDT) -- WILMINGTON, Del. — In a Chapter 11 proceeding filed by a reinsurance firm, a Delaware bankruptcy judge on Feb. 28 approved bidding procedures between the firm, unsecured creditors and its stalker horse bidder in a planned sale of the reinsurance firm’s operating subsidiary’s stock (In re Scottish Holdings Inc., et al., No. 18-10160, D. Del. Bkcy.)....

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