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db7

10/14/21 7:42 AM

#170 RE: 56Chevy #169

agreed; huge thank you to the OCUC on a job well done-
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56Chevy

10/14/21 9:40 PM

#171 RE: 56Chevy #169

Court Doc #0434

[....]

[go to pages 18 & 19]

QQ. Best Interest of Creditors (11 U.S.C. § 1129(a)(7)).

As demonstrated by the Rosen Declaration, the Liquidation Analysis attached to the Plan Supplement as Exhibit B, the Combined Disclosure Statement and Plan, the evidence proffered or adduced at the Confirmation Hearing,
and the facts and circumstances of this Chapter 11 Case, with respect to each impaired class of Claims against or Interests in the Debtor, each holder of a Claim or Interest in such Class has accepted the Combined Disclosure Statement and Plan or will receive or retain pursuant to the Combined Disclosure Statement and Plan on account of such Claim or Interest property of a value, as of the Effective Date, that is not less than the amount that such holder would so receive or retain if the Debtor were liquidated under chapter 7 of the Bankruptcy Code on the Effective Date. Accordingly, the Combined Disclosure Statement and Plan satisfies section 1129(a)(7) of the Bankruptcy Code.

Source:
https://www.kccllc.net/medley/document/list/5510

*this particular Doc also gives a very good timeline of events to date.

**once this plan gets the Judges signature the Liquidating Trust Trustee goes into action. I think we can expect his work to produce "causes of action" to add to the estate. How much $$ and when is impossible to say but that will be his mission.
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MDLQQ currently @ $.15
MDLXQ currently @ $.15