Liquidating Debtors definition
Examples of Liquidating Debtors in a sentence
The Plan further treats the Liquidating Debtors as comprising a single Estate solely for the purpose of making Distributions in respect of Claims against and Interests in the Liquidating Debtors under the Plan.
As discussed further in Section 2.2 and in the Disclosure Statement, the Debtors are collected into two groups: the SMSA II Debtors and the Liquidating Debtors.
Such Interests shall be retained until the dissolution of the respective Liquidating Debtors in accordance with the terms of the Plan, upon which dissolution the respective Interests shall be deemed canceled.
Table 1 identifies the Debtors comprising the SMSA II Debtors and the Liquidating Debtors, respectively.Page 1Although the Debtors anticipate that the Plan will be confirmed as to all twenty-four Debtors, the Debtors reserve the right to seek confirmation of the Plan for fewer than all twenty-four Debtors.
The Liquidating Trustee may rely on the name and address set forth in the applicable Liquidating Debtor's schedules filed with the Court, except to the extent a different name and/or address shall be set forth in a proof of claim filed by such holder in the cases, and the Liquidating Trustee may rely on the names and addresses in such schedules and/or proof of claim as being true and correct unless and until notified in writing.