Cougar chat rooms minneapolis - 1st home liquidating trust
Both Fitch and DBRS have published criteria, or at least guidance and the other agencies are beavering away, busy working with bankers to come up with workable ratings technology.
To be clear, this is a financing tool, not a sales tool.
To find out more, Lawyer Monthly hears from Ashley B. It states that a plan may provide for the retention and enforcement by the debtor, by the trustee, or by a representative of the estate appointed for such purpose, of any such claim or interest.
The creditors become the trust beneficiaries and their claims are paid from trust assets by a waterfall established pursuant to the plan.
In conjunction with the other provisions of the Bankruptcy Code that require a disclosure statement and plan to provide “adequate information” for a claim or interest holder to make an informed judgment about the plan, Section 1123(b)(3) effectively provides notice to creditors of retention and prospective enforcement of claims that may enlarge the estate’s assets for distribution.
On March 10, 2009 (the "Petition Date"), Fleetwood Enterprises, Inc.
and 49 of its subsidiaries (the "Debtors") filed voluntary petitions in the United States Bankruptcy Court for the Central District of California seeking relief under the provisions of Chapter 11 of the United States Bankruptcy Code.
The manager anticipates selling and resolving all of these loans and reducing them to cash in a finite and relatively short period of time.