So what should've been a routine bankruptcy court hearing Tuesday “wasn’t really so routine,” said Dov Kleiner, partner at law firm Kleinberg, Kaplan, Wolff & Cohen, P.C.

“They want it because they’ve got creditors [and] they’ve got about $3.4 billion of debt against them,” Kleiner said, referring to the holding company. “If that money belongs to the holding company … then it all belongs to the creditors of the holding company.”