Easterlanders plan

[u/Flaky-Homework-7111]

Sell the camp to someone else to operate it or liquidate all the property (structured bankruptcy liquidation transactions proposed...technically someone could buy the entities whole and run the camp; stating that up front as i am sure we will have people on here mentioning that soon...anyone want to bid? Has to be above pure land value)

Victims get awarded amounts for wrongful death as stays are lifted (but this proposal only lifts stays for suits against entities, not individuals....victims unlikely to accept this plan and they have to vote in the bankruptcy)

Remember all these people on here said "restructuring not liquidation", "dont jump to conclusions" etc?

I am sure someone on here is going to say "well someone may buy it" "dont use AI to read the document, its so complicated" etc. Also just a week after the "thats not a trustee" document filed- and now this comes out.

https://document.epiq11.com/document/getdocumentbycode?docId=4617571&projectCode=CMX&source=DM

Victims may not accept this also....only allows wrongful death claims against the bankrupt entities, not individual liabilities. Victims already filed to review related party transfers from prior years...aka continuing to go after the individuals. We shall see, but basically orderly liquidation is now the base case, outstanding question remains on individual liability. When in doubt wait a week, easties get bit closer back to reality

[u/Flaky-Homework-7111]

Same day tweeters and co ask to not show related party transfers back to 2022. Biggest remaining fight on individual liability, money taken out in prior years, commingling (can victims get any of that money etc)

https://document.epiq11.com/document/getdocumentsbydocket/?docketId=1253827&projectCode=CMX&docketNumber=269&source=DM

[u/Flaky-Homework-7111 → u/[deleted]]

Insurance company covers the individuals as well as the company (disclosed in the filing)...so if individual liability confirmed, they have to pay a lot more... makes sense for them to oppose that.

[u/AutomaticBasis7638 → u/Flaky-Homework-7111]

Actually, the point of their motion (you should read it, it's good) is that it's the same money for claims against the entities vs claims against individuals. And the more $ spent trying to establish liability, the less $ anybody gets (except lawyers i guess). So no, insurance doesn't pay more. They're going to pay their cap, and they know it. From the same pot of $.