William Brandt, Jr., Chapter 11 trustee for beleaguered China Fishery Group International (CFGI), has informed a New York bankruptcy court of changes CFGI will need to "streamline" the sale of CFG Peru Investments.
In a 51-page filing from Dec. 19 with the United State Bankruptcy Court in the Southern District of New York, Brandt asked the court to proceed with a share transfer plan in order to "clean up the share ownership, intercompany claims, and cash of certain dormant, non-operating, non-debtor entities as necessary to streamline the CFG Peru Sale."
