U.S. Trustee Moves To Change Process For Picking Future Claimants’ Representative

(January 3, 2019, 4:40 PM EST) -- ROME, Ga. — With the apparent backing of a Georgia federal bankruptcy judge, the U.S. trustee in the new Chapter 11 case of The Fairbanks Co. on Dec. 31 proposed “shifting the paradigm away from decades of established practice” and opening the process for selecting a future claimants’ representative (FCR) to a field of candidates, rather than just the one candidate proposed by the debtor (In re The Fairbanks Company, No. 18-41768, N.D. Ga. Bkcy.)....

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