In re Xpedior Inc.
Oct
23
2006
Ruling
Surplus funds remaining after 100% distribution to creditors ordered distributed to charitable organizations.
Procedural posture
The trustee of the creditor trust, a trust established in the debtors'chapter 11 bankruptcy cases, applied for entry of a final order and decree closing the chapter 11 cases pursuant to 11 U.S.C. § 350(a), Fed. R. Bankr. P. 3022 and Bankr. N.D. Ill. R. 3022-1. With no plan obligations remaining, there remained a surplus against which the debtors and the former stockholders had no rights, nor did any creditors or other parties in interest.
ABI Membership is required to access the full summary of In re Xpedior Inc. Please sign in if you are already an ABI member, or otherwise you may Become an ABI Member
Court
: