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§ 1143

In re Premium Sales Corp.

Sep
09
2008
Ruling
Court denied motion to distribute unclaimed earmarked funds to judgment creditors of debtor's shareholders who had perpetuated fraud.
Procedural posture

The United States Trustee objected to the applicants' motion for the release of unclaimed funds, pursuant to 11 U.S.C.S. §§ 347 and 1143, in a chapter 11 bankruptcy case.

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Commercial opinion summary, case decided on September 09, 2008 , LexisNexis #1208-139
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In re Sterling Fin. Servs. of Florida - 1 Inc.

Aug
24
2007
Ruling
Creditors who did not receive or cash distribution checks could make claims against funds in registry.
Procedural posture

The debtor filed for relief under chapter 11. The liquidation trustee made final distributions, and a remaining amount of $22,176 in uncashed distribution checks was deposited into the registry of the court. Two claimants sought payment from the funds and the debtor alleged they had forfeited any claims to the money.

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opinion summary, case decided on August 24, 2007 , LexisNexis #0907-139
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