A report filed to the New York Court is claiming an expedited sale of Pacific Andes Group’s fishmeal operations in Peru is not necessary to protect creditors and in fact would be potentially detrimental to stakeholders.
The report, filed by David Prager, managing director of expert US restructuring advisory firm, Goldin Associates, said the group would likely be able to develop a viable restructuring plan and the appointment of a trustee is likely to reduce the value for distribution to creditors under a restructuring plan.
The
