Southern pacific funding corporation liquidating trust
The cases focus on the claims and interests asserted by various parties to the approximate million proceeds of litigation by the debtors against the government over an assistance agreement entered into at the time of acquisition of several failed Ohio thrifts which were merged into Transohio.Upon the confirmation of the debtors chapter 11 plans, Mr.In addition, the Trustee has disposed of and wound up the remaining homebuilding and related assets and businesses. TRANSCAPITAL FINANCIAL CORPORATION AND AMERICA CAPITAL CORPORATION (F/K/A AMERICAN CAPITAL CORPORATION)In April 2008, pursuant to a settlement agreement among the debtors and the principal creditors, Mr.Finally, the Trustee has vigorously prosecuted objections to and settlements of the claims asserted against the Debtors. Beck was appointed Claims Examiner and is designated to be the post confirmation Liquidating Agent for Transcapital Financial Corporation and America Capital Corporation, debtors in the United States Bankruptcy Court for the Southern District of Florida.
Finally, substantial numbers and amounts of claims against the Debtors remained to be adjudicated.
Program rates and parameters are subject to change without notice.
Turn times are estimates and are not warranted or guaranteed.
However, ultimately, the determination was made to engage in an orderly liquidation of the homebuilding and related assets.
In addition, the Debtors and the Official Committee of Unsecured Creditors brought significant litigation claims to recover certain pre-bankruptcy transfers and/or to realize on claims against former officers and directors.