News / Desperate Hanjin creditors in court plea to be told where their assets are held

An application by Hanjin creditors to order the bankrupt South Korean container line to speed up its response on the location of assets held under maritime liens has been approved by the bankruptcy court of New Jersey.

In a filing last week, lawyers representing Hanjin said that October 10 would be the earliest the line could provide details of where items such as containers and chassis were located to creditors that have become increasingly desperate to retrieve their assets.

Yesterday Judge John Sherwood ordered that ...