The Trustee is aware that the Trust has been designated as the recipient of certain restitution funds in a criminal matter related to this case. The Trustee has received de minimis distributions to date from the restitution order and does not anticipate receiving sufficient funds in the future to hold the case open. Accordingly, the Trustee intends to file shortly a motion seeking authority to abandon the estate’s remaining non-cash assets. The Trustee intends to file a second motion with a final accounting seeking authority to make final distributions and tax payments and to close this bankruptcy case.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.