Eventide Creditors Seek Trustee To Take Over Ch. 11 Case
The official committee of unsecured creditors in the Chapter 11 case of consumer lending company Eventide Credit Acquisitions has asked a Texas judge for the appointment of a trustee to oversee the proceedings, saying the debtor and its principal have flouted the rules of bankruptcy since the case began in 2023.
In the motion, the committee said Eventide and its founder, Matt Martorello, have engaged in gamesmanship that has driven up the costs of the bankruptcy process while failing to properly administer the company’s estate and assets.
The committee is represented by Gary H. Leibowitz, H.C. Jones III and Ian R. Phillips of Cole Schotz PC.
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