Now that this bridge has been
crossed, the next logical question is when the distributions under the plan will
be made. Like everything else in this difficult case, I can not give a specific
date in that many of the factors outlined in the schedule below are beyond our
control.
Having said that, below are the
ABSOLUTELY MOST OPTIMISTIC dates involved in the distribution process. Any date
that is not met will cause the dates following to be moved back accordingly.
Recognizing that the Plan and Disclosure Statements are rather lengthy and complex documents, a conference call was held on Thursday, September 10th, 2009 as a forum for creditors and victims alike to ask any questions they may have had related to the Bankruptcy and also to the Class Action litigation.
Jonathan Flaxer of Golenbock, Eiseman, who represents the Trustee
Jacqueline Veit of Golenbock, Eiseman, who, with Michael Devorkin, serve as chief litigators for the Trustee
John Sordillo of Deloitte, who served as Forensic Accountants and Real Estate Advisors for the Estate
Robert "Rusty" Brace, who is the lead counsel in the Class Action litigation
Mark Felger of Cozen, O'Conner who acts as counsel for the Creditors' Committee
We hope this call answered your questions you may have had regarding the Plan and future events related to the ongoing administration of the Liquidating Trust after the confirmation of the Plan.
Welcome to the home page of the Bankruptcy Trustee for the 1031 Tax Group and related companies.
On October 23, 2007, Judge Martin Glenn of the United States Bankruptcy Court Southern District of New York granted a Motion for Appointment of a Chapter 11 Trustee. On October 24, 2007, the Office of the United States Trustee appointed Gerard (Jerry) McHale, Jr. to act as a Chapter 11 trustee for The 1031 Tax Group and related companies.
This website is updated regularly as more information becomes available. We have also posted links to other related websites. Our contact information is posted under the Contact Us link on the left.