U.S. government urges Court to bar LATAM restructuring plan

LATAM presented its restructuring plan to the New York Court in late November.

RIO DE JANEIRO, BRAZIL - The U.S. government has urged the New York Court not to place LATAM's judicial reorganization plan to a vote, which the airline presented in late November.

The request was submitted on January 7 by the United States Trustee, a U.S. Department of Justice body responsible for overseeing judicial reorganization proceedings in the country.

According to the agency, LATAM's plan failed to provide sufficient information to creditors and shareholders.

The United States Trustee also pointed out that the airline omitted necessary data particularly with respect to small creditors. Should the New York Court . . .

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