Fi liquidating trust
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Today, the DBL Liquidating Trust set up four years ago to liquidate the bankrupt firm's assets and distribute the proceeds to creditors will ask a U. Bankruptcy Court judge to certify that its work is complete. The end comes on a high note, say officials and attorneys for both the trust and its creditors.
and the Official Committee of Unsecured Creditors (“Plan”) was confirmed by the Court on December 11, 2013 and became effective on December 17, 2013.Res Cap Liquidating Trust, a Delaware statutory Trust, is the successor to the Debtors by operation of the Plan.Court documents and other information regarding the Chapter 11 proceedings can be found at The Liquidating Trust has received a number of questions related to the Trust’s financial statements and operations.The following links to a series of Frequently Asked Questions (FAQs), which may be periodically updated: Res Cap Liquidating Trust FAQ **Important Note: If you are a borrower whose residential mortgage loan was serviced by the Debtors prior to or during the Chapter 11 proceedings and you timely filed a claim in those proceedings, it is highly likely that your questions are best directed to Peter S.Kravitz, as representative of the Borrower Claims Trust created under the Plan.
The Borrower Claims Trust was established for the sole benefit of the holders of Allowed Borrower Claims and is administered by the Borrower Claims Trustee.
NEW YORK — For a firm that caused so much controversy and acrimony in its day, Drexel Burnham Lambert is about to slip into history rather quietly. Bankruptcy Judge Francis Conrad agrees, the trust will make one final distribution to Drexel's creditors and then, as of April 30, DBL will be terminated and the Drexel bankruptcy will be officially over.
On May 14, 2012, Residential Capital, LLC (“Res Cap”) and certain of its domestic subsidiaries (together with Res Cap, “Debtors”) filed voluntary petitions for reorganization under Chapter 11 of the United States Bankruptcy Code.
The cases were filed in the United States Bankruptcy Court for the Southern District of New York.
The cases have been jointly administered under case number 12-12020.
The Second Amended Joint Chapter 11 Plan proposed by Residential Capital, LLC, et al.