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U.S. Bankruptcy Court Judge Joseph Rosania will not confirm the reorganization plan - the fourth - filed by Sandra and Lee Oldenburg. Instead, he decided Thursday to place the bankruptcy on hold until after civil, and potentially criminal, matters are resolved.
<em>Editor's note: A confirmation of the police investigation was added to this version.</em>
U.S. Bankruptcy Judge Joseph Rosania Jr. told parties in the Oldenburg bankruptcy action that he’ll use his discretion and give Sandra and Lee Oldenburg “one more chance” to present a Chapter 13 reorganization plan that has a chance of confirmation.
FORT COLLINS — The trustee and creditors of an individual who filed for Chapter 13 bankruptcy protection have filed objections to the reorganization plan.
The trustee and creditors of an individual who filed for Chapter 13 bankruptcy protection have filed objections to the reorganization plan. “The plan is not feasible,” said Carlson Farms Homeowners Association, which claims that Sandra Oldenburg and her husband, Lee Oldenburg, owe the association as much as $400,000, money that the association says is missing from bank accounts and disappeared from financial statements.