News Focus
News Focus
icon url

Newtogame

08/17/21 11:55 AM

#51923 RE: Newtogame #51922

Notice of the Case. Under Federal Rule of Bankruptcy Procedure 2002(e), if it appears that there are no assets in a Chapter 7 liquidation case from which a dividend can be paid, the notice of the meeting of creditors may state that it is unnecessary to file claims and that if sufficient assets become available, further notice will be given for the filing of claims.
icon url

fredscott36

08/17/21 11:58 AM

#51924 RE: Newtogame #51922

.....just my opinion, Newt.............but I believe if the FC stock is considered estate funds, which they are, by virtue of the 510(b) status..................and FC dividends were paid and added to the estate funds.....................then the TRUSTEE would have complied with the pendency requirement...............................

.....but you know me, NEWT.............taking advice from the banjo fella...................................

.....and I believe, Newt that BK code rules, become MOOT, at the point of abandonment......the FDIC is a little bit ahead of us on the chicanery involved here, Newt...........just sayin'.................

...............<banjo music strumming in the background>..............