Better Nutritionals, LLC – Creditors’ Committee Objects to Debtor’s Proposed Chapter 7 Conversion and Insists it is on Verge of Negotiating Value-Maximizing Settlement/Sale with Debtor’s Nemesis Goli; Urges Appointment of Chapter 11 Trustee
March 22, 2023 – The Debtor's Official Committee of Unsecured Creditors (the “Committee”) objected to the Debtor’s March 20th motion to convert its Chapter 11 case to a case under Chapter 7 [Docket No. 379] arguing that its "extensive negotiations with Goli…are likely to pave the path toward a settlement of claims and a value-maximizing…