Bankruptcy Judge OKs Releases In Asbestos Plan, But Not In Liquidating Trust

Mealey's (November 26, 2018, 12:56 PM EST) -- TACOMA, Wash. — A Washington federal bankruptcy judge on Nov. 20 allowed Chapter 11 debtor Fraser’s Boiler Service Inc. to include certain releases and exculpations in its amended plan of reorganization, over the objections of the U.S. trustee and insurers, but said the debtor cannot release an asbestos trust trustee and advisory committee from claims because the trust does not exist yet (In re:  Fraser’s Boiler Service, Inc., No. 18-41245, W.D. Wash. Bkcy., 2018 Bankr. LEXIS 3662)....