A TPL filing change from Chap 11 to full blown Chap 7.

As I recall, the MMP not to long ago was placed in a new LLC, with DL the LLC Manager. The other unrelated TPL assets may have also undergone some ownership/asset change to one of the other companies associated with his Son or family members as well.

The Creditor's Committee was feckless and far too accommodating because they were so fearful of not recovering anything. In the end, they will likely lose it all anyway. Didn't one of his large creditors recently just petition the court because he wasn't paid as previously arranged ?

This creditor's law firm may see the writing on the wall and want to cut their losses.

In the meantime, the PTSC corporate welfare-ists continue to fill their pockets by draining the treasury with their ridiculous $45,000 monthly compensation for a less than penny valued stock, with rapidly evaporating .. to no assets, and little to no income.

I think there is only one concern these people continue to care about as they continue to enrich themselves, and it has everything to do with their arrogance and the massive losses suffered by angry PTSC investors and their families.