In re Premiere Holdings of Tex. LP
Jul
28
2008
Ruling
Unclaimed funds in liquidating trust acquired through Ponzi scheme by dissolved debtor ordered deposited into court registry.
Procedural posture
After the chapter 11 Liquidating Trustee made his final distribution to creditors, $ 25,969 remained unclaimed. In addition, the Liquidating Trustee had slightly less than $ 4,000 of funds reserved for expenses that had not been spent and need not be reserved for payment of expenses. The Liquidating Trustee filed an application to deposit the remaining funds into the registry of the court.
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Court
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