Receivership Orders

Contractual assessments were issued by the Liquidator to all members of the Trust in order to fund the Trust's outstanding claim and policy obligations. Litigation was required to collect the assessments from many of the Trust's members.
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The claim filing deadline for presenting claims in the liquidation proceedings was October 26, 2001.  The deadline for liquidating contingent claims was October 28, 2002.  755 claims were filed with the Liquidator and have been reviewed and adjudicated.  In July 2005, the Liquidator's petition to distribute an interim dividend to all timely-filed and allowed priority level "d" claimants in the amount of 28.1402% of their claims was approved by the Supervising Court.

On August 30, 2006, the Supervising Court approved a second and final dividend distribution in the amount of 18.9640% for all timely-filed claims allowed at priority level (d) of the statutory asset distribution schedule.  The Court also approved the closing of the estate and termination of the liquidation proceedings.

Last updated July 2009.