In case you've been wondering what the creditors' committee has been up to

You probably can keep wondering. Here's a new order clarifying the requirement for the committee to provide creditors with access to information. Basically, the committee does not have to provide it if the information could be considered confidential. The definition of confidential seems to include practically anything about Lou Pearlman's or Trans Continental's assets or financial condition that hasn't already been made public if it comes from Soneet Kapila or if it was "prepared by or on behalf of" the creditors' committee. There is a procedure outlined for creditors to ask for information and, if turned down, to file a motion to compel the creditors' committee to release the information.

Comments

Was Pearlman's option to buy 40% of Amigos restaurants ever exercised?

http://charlotte.bizjournals.com/orlando/stories/2005/06/13/daily14.html

[Dilly McGilly]

"Now, why would the BSB buy him a car when they were angry at him?"

Maybe the brakes didn't work.

So what happened to his interest in NYPD?

Now, why would the BSB buy him a car when they were angry at him?

Howie, A.J. and Nick did buy him a Mercedes for his birthday.

Howie, A.J., and Nick bought him a Mercedes for his birthday. I was there when they gave it to him.

El grande once told us that The Backstreet Boys bought him a very expensive car for his birthday even after they(BSB) sued him. TRUE OR FALSE?

[Kim]

Seems to me that no information is going to be released unless they decide to do so. Makes sense.