Contifinancial liquidating trust

By establishing a liquidating trust pursuant to section 1123(b)(3) in a confirmed plan of reorganization or liquidation, a debtor can transfer causes of action and other assets to a trust, for future liquidation and distribution to the debtor’s creditors, and avoid delaying plan confirmation.The creditors become the trust beneficiaries and their claims are paid from trust assets by a waterfall established pursuant to the plan.The Staff of the SEC’s Division of Corporation Finance has issued a number of no-action letters, including REMEC Liquidating Trust (Mar.23, 2011), granting relief from the registration and reporting requirements for liquidating trusts.LINCOLN, Neb., June 30, 2017 (GLOBE NEWSWIRE) -- Crossroads Liquidating Trust (the “Liquidating Trust”) today announced that it will pay a cash distribution of

By establishing a liquidating trust pursuant to section 1123(b)(3) in a confirmed plan of reorganization or liquidation, a debtor can transfer causes of action and other assets to a trust, for future liquidation and distribution to the debtor’s creditors, and avoid delaying plan confirmation.The creditors become the trust beneficiaries and their claims are paid from trust assets by a waterfall established pursuant to the plan.The Staff of the SEC’s Division of Corporation Finance has issued a number of no-action letters, including REMEC Liquidating Trust (Mar.23, 2011), granting relief from the registration and reporting requirements for liquidating trusts.LINCOLN, Neb., June 30, 2017 (GLOBE NEWSWIRE) -- Crossroads Liquidating Trust (the “Liquidating Trust”) today announced that it will pay a cash distribution of $1.60 per unit (the “Distribution”) to the holders of beneficial interests in the Liquidating Trust on or around July 12, 2017.

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By establishing a liquidating trust pursuant to section 1123(b)(3) in a confirmed plan of reorganization or liquidation, a debtor can transfer causes of action and other assets to a trust, for future liquidation and distribution to the debtor’s creditors, and avoid delaying plan confirmation.

The creditors become the trust beneficiaries and their claims are paid from trust assets by a waterfall established pursuant to the plan.

The Staff of the SEC’s Division of Corporation Finance has issued a number of no-action letters, including REMEC Liquidating Trust (Mar.

23, 2011), granting relief from the registration and reporting requirements for liquidating trusts.

.60 per unit (the “Distribution”) to the holders of beneficial interests in the Liquidating Trust on or around July 12, 2017.

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Section 1123(b) (3) of the Bankruptcy Code facilitates the use of a liquidating trust for prompt administration of the estate by providing post-confirmation standing to an appointed representative of the estate to enforce claims and interests.This deemed tax distribution includes the aforementioned cash Distribution. About Crossroads Liquidating Trust Crossroads Liquidating Trust ( is a Maryland statutory trust.Additional information regarding the deemed liquidating distribution and the

Section 1123(b) (3) of the Bankruptcy Code facilitates the use of a liquidating trust for prompt administration of the estate by providing post-confirmation standing to an appointed representative of the estate to enforce claims and interests.

This deemed tax distribution includes the aforementioned cash Distribution. About Crossroads Liquidating Trust Crossroads Liquidating Trust ( is a Maryland statutory trust.

Additional information regarding the deemed liquidating distribution and the $1.60 Distribution will be included in the next annual report filed with the U. On June 23, 2017, Crossroads Capital, Inc., a Maryland corporation, was converted into Crossroads Liquidating Trust pursuant to a Plan of Liquidation with the sole purpose of liquidating its assets and distributing the proceeds to the trust beneficiaries.

Notwithstanding the broad scope of the United States Bankruptcy Code and the power of the Bankruptcy Courts, there are still securities issues to be considered.

One possible component of a bankruptcy reorganization or liquidation is a liquidating trust.

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Section 1123(b) (3) of the Bankruptcy Code facilitates the use of a liquidating trust for prompt administration of the estate by providing post-confirmation standing to an appointed representative of the estate to enforce claims and interests.This deemed tax distribution includes the aforementioned cash Distribution. About Crossroads Liquidating Trust Crossroads Liquidating Trust ( is a Maryland statutory trust.Additional information regarding the deemed liquidating distribution and the $1.60 Distribution will be included in the next annual report filed with the U. On June 23, 2017, Crossroads Capital, Inc., a Maryland corporation, was converted into Crossroads Liquidating Trust pursuant to a Plan of Liquidation with the sole purpose of liquidating its assets and distributing the proceeds to the trust beneficiaries.Notwithstanding the broad scope of the United States Bankruptcy Code and the power of the Bankruptcy Courts, there are still securities issues to be considered.One possible component of a bankruptcy reorganization or liquidation is a liquidating trust.

.60 Distribution will be included in the next annual report filed with the U. On June 23, 2017, Crossroads Capital, Inc., a Maryland corporation, was converted into Crossroads Liquidating Trust pursuant to a Plan of Liquidation with the sole purpose of liquidating its assets and distributing the proceeds to the trust beneficiaries.Notwithstanding the broad scope of the United States Bankruptcy Code and the power of the Bankruptcy Courts, there are still securities issues to be considered.One possible component of a bankruptcy reorganization or liquidation is a liquidating trust.

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