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Message: TPL BK Pacers: TPL's BK Plan 2-14-14

http://photos.imageevent.com/banos/tplbkplan21414/Disclosure%20Statement%20For%20Official%20Committee%20Of%20Unsecured%20Creditorsqu%20Plan%20Of%20Reorganization%202-14-14.pdf

Page 9
...Due to, among other things, the lack of progress of those negotiations, on December 5, 2013, the Bankruptcy Court, at the request of the Committee, terminated the Exclusivity Period, allowing the Committee to propose and file its own Plan...

Page 10
...Please carefully consider these alternatives. The Debtor believes that its current management and business plan will yield recoveries sufficient to pay all creditors in full. The Committee believes that current management will not achieve this result and needs to be replaced and the business plan be adapted and that confirmation of the Committee’s Plan will yield recoveries that will far exceed recoveries under the Debtor’s Plan or in a Chapter 7 case. Accordingly, the Committee urges all Creditors to vote for the Plan...

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