Former High Ridge: U.S. trustee objects to plan confirmation

By Sarah Lizee

Olympia, Wash., Sept. 30 – The U.S. trustee overseeing HRB Winddown, Inc.’s, formerly High Ridge Brands Co., Chapter 11 cases objected to confirmation of the joint plan of liquidation and related disclosure statement, according to a Tuesday filing with the U.S. Bankruptcy Court for the District of Delaware.

U.S. trustee for Regions 3 and 9 Andrew R. Vara said he objects to the inclusion of the debtors within the definition of released parties but does not otherwise object to confirmation of the plan.

“The plan defines the debtors as released parties and in so doing attempts to obtain a discharge by including itself as a released party within the third-party release provision of the plan,” Vara said.

“Liquidating debtors are not entitled to a discharge pursuant to Bankruptcy Code Section 1141 (d)(3). Specific provisions of the Bankruptcy Code may not be circumvented in this manner. It is axiomatic that a debtor is not a third party.”

High Ridge is a Stamford, Conn.-based personal care products company. The company filed bankruptcy on Dec. 18, 2019 under Chapter 11 case number 19-12689.

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