A tidy unwind of Yellow Corp.’s estate appears on track, a Friday hearing in a Delaware bankruptcy court revealed.
Counsel for Yellow said all objections for the asset bidding procedures, the debtor-in-possession (DIP) financing and the use of cash collateral to fund the wind down have been resolved. Judge Craig Goldblatt approved the orders.
Yellow attorney Allyson Smith, a partner at Kirkland & Ellis, said the asset sale process is “well underway,” noting “hundreds of interested parties” have...
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