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Sunday, December 3, 2023

SmileDirect Creditors Want $55M DIP Delayed For Exec Probe

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By Yun Park (November 3, 2023, 9:45 PM EDT) — Unsecured creditors in SmileDirectClub’s Chapter 11 case urged a Texas bankruptcy judge to postpone the final hearing on a $55 million debtor-in-possession funding package, saying the terms of the loan would impede their “appropriate and necessary” investigation into potential wrongdoing by company insiders.   …

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