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Sur La Table’s liquidation plan draws objection from U.S. trustee
By Sarah Lizee
Olympia, Wash., Oct. 16 – Sur La Table, Inc.’s first amended joint plan of liquidation drew an objection from the U.S. trustee overseeing the cases, according to a Thursday filing with the U.S. Bankruptcy Court District of New Jersey.
“The amended joint plan provides overbroad exculpation provisions, overbroad release provisions, impermissible third-party release provisions as they are not consensual, and improper injunction provisions,” the objection said.
A hearing is scheduled for Oct. 21.
Sur La Table is a Seattle-based home furnishings retailer. The company filed bankruptcy on July 8 under Chapter 11 case number 20-18368.
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