Houmu Holdings Ltd (HOMU)

[Joefyffe]

<eyes rolling> No it isn't!

Once the court provides an order authorizing the proof of claims, he must advertise in a printed public news medium in the public notices section for 30 days. Once complete, he provides the court with an affidavit showing proof of meeting the advertisement requirement. If anyone claims the company owes them money, they file a claim along with proof to the court. Lazar will request a court date to finalize the proof of claims. Court date is usually about 30 days out from the date of the request. Lazar can negotiate a settlement with anyone submitting a claim prior to court. Once they go to court, the judge will finalize any settlements he/she deems fair, the judge will dismiss any claims that are too old and are no longer within the statutes of limitations or valid and will bar all remaining unclaimed debt from being able to be claimed at a future date, thereby making it a clean, debt free shell. Once that has completed, Lazar will request a termination to the custodianship, at which time the ticker is available to turn over to a buyer, if he has one lined up. Most of the time, by the time he gets to the termination of custodianship step, he has a buyer lined up...but not always.