These favorable rulings will enable the Liquidating
Trust to release additional cash held on account of such previously disputed claims in an amount of approximately $52 million, thereby bringing the total amount of the Distribution to $458 million.
applied only to Chapter 11 trustees, and that a liquidating
trustee is not a trustee under Chapter 11 but is rather a contract trustee performing limited and essentially administerial functions.
Trust Interests shall represent the right to receive priority distributions from the Liquidating
Trust (before distributions are made on account of Residual Liquidating
Trust Interests), and the cap on the value of the Priority Liquidating
Trust Interests that will be issued on the Effective Date shall be based on the net assets of the Liquidating
Trust on the Effective Date (the estimated value of the Liquidating
Trust on the Effective Date, less the anticipated expenses of the Liquidating
Trust post-Effective Date).
While there is no limitation on the recognition of gain from a liquidating
distribution, statutory anti-abuse provisions may restrict the recognition of losses.
distribution should be allocated proportionately to each share of stock owned by a shareholder.
AJI, KJC, KAAC and KFC are hereinafter collectively referred to as the Liquidating
Carter of Championship Liquidating
by and through the Liquidating
Trustee of the TSLC I, Inc.
2 /PRNewswire/ -- The Liquidating
Trustee for The PSC Liquidating
Trust (the "Trust"), announced that on September 19, 2008, the United States Bankruptcy Court for the District of Maine approved the Liquidating
Trustee's Motion For An Order Approving But Not Directing Final Distribution, Closing Case, Abandonment and/or Destruction of Books and Records and Granting Related Relief (the "Order").
Under the terms of the amendment, holders of the Units were given the right to elect to receive a liquidating
distribution in the same manner as would have applied prior to the amendment.
Wescombe, the trustees (the "Trustees") of the G REIT Liquidating
Trust (the "Liquidating
Trust"), today announced that G REIT, Inc.
OTC: "CMYS", (the "Company") today announced that the Company's Board of Directors has approved a final liquidating
distribution (the "Final Liquidating
Distribution") of $0.