The attleboro mutual liquidating trust
KCC is not in the business of providing professional or legal advice with respect to this website service and this website service should not be relied on as a substitute for financial, legal or other professional advice.
The objective of a liquidating trust is to help expedite the liquidation of the entity, and allow the owners to recognize gain or loss and to receive proceeds in an orderly manner.
In addition, it may be prudent for the fund manager to set aside certain cash reserves before making final distributions to the fund owners.
A liquidating trust is a new legal entity that becomes successor to the liquidating fund.This site, and each of the sites referenced above, will be updated from time to time by KCC.Holders of beneficial interests in the WMI Liquidating Trust are encouraged to review the information that is contained on this site thoroughly and on a regular basis.KCC does not endorse or warrant and is not responsible for any third-party content that may be accessed from this website.NO DISTRIBUTIONS WILL BE MADE TO HOLDERS OF LTIs ON MAY 1, 2018. ("WMIC" and together with WMI, the "Debtors") filed voluntary petitions for relief under chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware (the "Court") (Case No. On February 24, 2012 (the "Confirmation Date"), the Court entered an order confirming the Debtors' Modified Seventh Amended Joint Plan of Affiliated Debtors Pursuant to Chapter 11 of the United Stated Bankruptcy Code, dated December 12, 2011 as modified (the "Plan").Such agreement provides for trustee duties, compensation of trustees, and governance as well as distributions and other administrative matters.The liquidating trust normally has a lower cost structure than the existing fund and is managed on an "as needed" basis by the trustee as opposed to a full-time basis for the fund.A liquidating trust may also be an effective method for a fund manager to wind down a fund without having a significant role in the liquidation.At the end of the fund's life cycle or term, the fund manager may have certain assets that are not easily liquidated and convertible into cash for distribution to the owners of the fund.The link titled "Beneficiary Tax Information" includes important tax information for beneficial holders regarding the WMI Liquidating Trust interests.Seventh Amended Joint Plan of Reorganization dated 12/12/2011 [DN 9178] Disclosure Statement, as Revised dated 1/9/2012 [DN 9365] Confirmation Order dated 2/24/2012 [DN 9759] WMI Liquidating Trust Agreement - Executed Version dated 3/12/2012 [DN 9933] Effective Date Notice dated 3/19/2012 [DN 9933] Distributions and Value Consideration Summary dated 3/19/2012 This site contains information about the WMI Liquidating Trust and the Debtors.