U.S. Trustee, creditors committee objecting to Briggs & Stratton’s plans

Wauwatosa-based Briggs & Stratton’s bankruptcy plans face new challenges this week as the U.S. Trustee’s office and the official committee of unsecured creditors raised objections. Briggs filed for Chapter 11 bankruptcy on July 20, seeking approval for $667 million in debtor-in-possession financing. The financing package included funding from New York-based private equity firm KPS Capital

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