Examples of Liquidating Trustee in a sentence
No Person may rely on the absence of a specific reference in this Combined Plan and Disclosure Statement or the Plan Supplements to any Cause of Action against it as any indication that the Debtors or Liquidating Trustee will not pursue any and all available Causes of Action against such Person.
The Liquidating Trustee will file with the IRS tax returns for the Liquidating Trust as a grantor trust under Treasury Regulation Section 1.671-4(a) and will also send to each Holder a separate statement setting forth such Holder’s share of items of Liquidating Trust income, gain, loss, deduction, or credit.
At the Plan Confirmation Hearing, the Bankruptcy Court shall consider and, if appropriate, ratify the selection of the Liquidating Trustee.
Unless otherwise set forth in this Plan, the Liquidating Trustee may donate remaining assets of the Liquidating Trust to a charitable institution if the Distribution of such assets is too costly, too burdensome, or impracticable.
Unless otherwise provided in this Plan, out of abundance of caution, the Debtors and the Liquidating Trustee expressly reserve the right to pursue all Causes of Action against certain of the Debtors’ former Directors and Officers that are not Released Parties or Exculpated Parties.