Chapter 11 liquidating trust
The Plan called for the establishment of a Liquidation Trust on the Effective Date for the purposes of liquidating and administering the Liquidation Trust Assets and making distributions on account thereof.
The Liquidation Trustee made its first round of distributions from the Liquidation Trust on October 7, 2016.
Liquidation Trust was established pursuant to the Plan and Confirmation Order for the benefit of unsecured creditors under the above-referenced plan.
Liquidation Trust, By and Through Its Liquidation Trustee On December 15 through 22, 2016, META Advisors LLC, as the Liquidation Trustee (the “Liquidation Trustee”) of the Seal123, Inc. 13, 2014), the United States Court of Appeals for the Second Circuit issued a decision that could have far-reaching effects on how liquidating Chapter 11 bankruptcy cases will be handled in the future. and certain of its affiliates, (collectively, the "Debtors”) filed voluntary petitions for relief under Chapter 11 of title 11 of the United States Code (the "Chapter 11 Cases") in the United States Bankruptcy Court for the District of Delaware (the "Bankruptcy Court").The Plan, Confirmation Order and Notice of Effective Date are available by clicking on the Plan of Liquidation tab on the left hand side of this page.Please continue to visit this website from time to time for updates on these Chapter 11 Cases.