Entities Oppose ‘Amorphous’ Bid For Ordinary Course Order By Insurer’s Liquidators

Mealey's (December 1, 2021, 1:59 PM EST) -- NEW YORK — Two groups of entities on Nov. 30 opposed a request by the joint provisional liquidators (JPLs) of Bermuda insurer and reinsurer PB Life and Annuity Co. Ltd. (PBLA) and other debtors for an order approving the use, sale, transfer or other disposition of assets in the ordinary course of the debtors’ businesses, arguing in part that the motion before a New York federal bankruptcy court lacks specificity....