Examples of Liquidation Plan in a sentence
The Liquidation Plan must disclose whether the Lender has any non-SBA loans to the same Obligor(s), and if so, indicate how the liquidation and litigation expenses and recoveries will be allocated.
That same day, the Receiver moved the Court to approve (1) the Liquidation Plan, (2) a Memorandum of Understanding (the “MOU”) between the Receiver and the United States Marshals Service (“USMS”), and (3) a Consent Forfeiture Agreement (the “Consent”) between the Receiver and the Department of Justice (“DOJ”).
The notice of the time and place of holding the said special referendum shall be printed in four (4) issues of at least one (1) newspaper having a general circulation in the Town of Milton within thirty (30) days prior to the said special referendum and distributed in circular form at least fifteen (15) days prior to the special referendum.
A copy of the Lender’s Site Visit Report must be attached to the proposed Liquidation Plan.
A Liquidation Plan for a 7(a) Loan should have a copy of the demand letter attached to it, and should be prepared in accordance with the template accessible from www.sba.gov/for-lenders.