PEIRS are next up!
After the Distribution, CCB Guarantees Claims will have been paid entirely and, as a result, the Liquidating Trust can distribute remaining Runoff Notes owned by the Liquidating Trust to its beneficiaries. Such distribution of Runoff Notes would occur on the next scheduled quarterly distribution date of February 1, 2014.
General Unsecured Claims will receive 3.59 percent and PEIRS get 96.41 percent until the Debtor pays actual post-petition interest as opposed to by reason of contractual subordination.
"Someone said it takes 30 years to be an instant success" - Gabriel Barbier-Mueller, CEO of Harwood International