Creditors have filed two objections to the procedures proposed for the sale of Alter Communications Inc., the bankrupt publisher of the Baltimore Jewish Times and Style Magazine.
On Wednesday, H.G. Roebuck & Son Inc., a printing company owed money by the publishing house, said that the plan to auction Alter's assets as a single entity will "chill" bids. Instead, Roebuck argues, the company's parts should be offered separately.
Lauren Buerger, a stockholder in Alter who is also owed money by the company, filed an objection Thursday that said the proposed auction date is too soon. Alter's trustee, Zvi Guttman, asked a judge to require bids be submitted by Tuesday afternoon and the auction to be conducted on Wednesday morning.