Medly Health Inc. – U.S. Trustee Objects to Bidder Protections for Credit Bidding Prepetition Lenders as Bid Chilling; Urge Debtors and Court to Adopt Lengthier Sales Period
December 29, 2022 – The U.S. Trustee assigned to the Debtors cases objected to the Debtors’ proposed bidding procedures [Docket No. 124], arguing that "[t]he Bid Protections are not actually necessary to invite a bidder to the table. The Prepetition TPC Lenders have been at the table for more than two years prior to the…