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Posted by / 29-Jun-2017 02:19

Attleboro mutual liquidating trust

UPDATED LIQUIDATING TRUST INTEREST STATEMENTS FOR MEMBERS OF EACH OF CLASSES 2 (“SENIOR FLOATING RATE NOTES”), 12 (“GENERAL UNSECURED CLAIMS”), AND 16 (“PIERS CLAIMS”) WILL BE MAILED BEGINNING NOVEMBER 10, 2017. To view a copy of the Plan, together with the corresponding press release and Form 8-K that was filed by WMI with the Securities and Exchange Commission ("SEC") on the Confirmation Date, please click here to access the Plan.

On March 19, 2012 (the "Effective Date"), the Plan became effective and certain of the Debtors' assets were transferred to a newly formed Delaware liquidating trust (the "WMI Liquidating Trust") as further described in the Plan.

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NO DISTRIBUTIONS WILL BE MADE TO HOLDERS OF LTIs ON NOVEMBER 1, 2017. ("WMIC" and together with WMI, the "Debtors") filed voluntary petitions for relief under chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware (the "Court") (Case No. On February 24, 2012 (the "Confirmation Date"), the Court entered an order confirming the Debtors' Modified Seventh Amended Joint Plan of Affiliated Debtors Pursuant to Chapter 11 of the United Stated Bankruptcy Code, dated December 12, 2011 as modified (the "Plan").

Further information regarding the WMI Liquidating Trust and/or the Debtors is available by clicking on each of the links to the left.

The link titled "Bankruptcy Court Documents" contains a link to the filings that the Debtors have made with the Court.

It is further intended that the Partnership business shall continue in the Trust, that the partnership shall not terminate under 708 of the Code, that the taxable year of the partnership shall not close, and that the Trust may use the Partnership’s taxpayer identification number.The Managing Trustee may withhold from any payment of the Trust Assets such amount as the Managing Trustee estimates to be sufficient to provide for the payment of such Taxes not yet paid, and may use the sum withheld for that purpose.The Managing Trustee shall be indemnified and held harmless against any liability for Taxes and for any penalties or interest with respect to Taxes on such investment income or payments in the manner provided herein..The Trust hereby agrees to assume all Liabilities of the Partnership on the Effective Date.Should any Liability be asserted against the Trust as the transferee of the Trust Assets or as a result of the assumption of the Liabilities, the Managing Trustee may use such part of the Trust Assets as may be necessary in contesting any such Liability or in payment thereof.

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In no event shall the Managing Trustee, Beneficiaries or employees or agents of the Trust be personally liable, nor shall any personal property of such Persons or any other Trust Assets be subject to attachment, in the event the Trust Assets are not sufficient to satisfy the Liabilities asserted against or payable out of the Partnership’s available Trust Assets in the Trust..

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