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.

The claim filing deadline was March 22, 2002 for presenting claims in the liquidation proceedings.  The deadline for liquidating contingent claims was March 24, 2003.

On November 2, 2006, the Supervisory Court entered an order approving a 100% distribution to priority level (g) claimants. The court has previously approved a100% distributions to claimants at priority levels (a)-(e).

On November 16, 2006, the supervisory court entered an order setting a new claim filing deadline of May 14, 2007, to afford claimants who did not previously file claims, or who filed claims after the original claim filing deadline, an opportunity to file their claims.

An order approving a 100% dividend distribution on all allowed claims filed on or before the second claim filing deadline on May 14, 2007 was entered by the Supervisory Court on December 13, 2007.

On April 23, 2008, orders were entered by the Supervising Court approving the Liquidator’s Assessment Surplus Refund Plan, closing of the estate and termination of the liquidation proceedings.

Last updated July 2009.