The year-old bankruptcy involving the developer of the Colorado Crossing project, mired for months in what creditors complain are frustrating delays and misinformation, might be poised to move forward. A trustee appointed last month to oversee the developer's personal bankruptcy is seeking to take control of two other entities that also filed bankruptcy, which could result in the developer's ouster as the person in control of matters related to Colorado Crossing
Carl A. Eklund, a lawyer in Ballard Spahr's Denver office who represents one of more than 40 companies that are owed millions for work they did on Colorado Crossing, said that having the trustee act as independent fiduciary would help creditors obtain information they're seeking and possibly chart a course for the resolution of the Colorado Crossing mess.