Month: October 2018

The next creditors meeting is due to be held after the CR plan has been submitted and approved by the court. [The CR plan lays out the process by which assets will be distributed to creditors.] We are concerned that this means the trustee can design and submit a CR plan without any formal process…

At the last creditors meeting, the Trustee announced he would be allowing “Self-admission” claims. These are the claims in which the debtor (the trustee) admits to without the creditor making a claim. Our lawyer has been told there are an estimated 75,000 such claims. Many are worth just a few dollars. But in total, he…