The trustee again objected to the amended disclosure statement
. The trustee also objected to the feasibility of the proposed plan because the affidavit of contribution contained no information about the debtor's family members' current incomes, expenses and liabilities that might take precedence over their proposed contributions to the plan.
The filing outlines five reasons the court should deny the reorganization disclosure statement
. But, lack of information is perhaps Harrington's biggest beef.
Avaya will seek approval of its revised disclosure statement
and the PSA at its scheduled court hearing on August 23, 2017.
To address this concern, practicing appraisers likely would benefit from obtaining a sworn disclosure statement
from clients as to whether a proposed assignment meets the criteria for a listed transaction.
This disclosure statement
must also notify customers that their property could be subject to a lien by either a materials supplier or an employee or subcontractor of the prime contractor if they are not paid.
* Allowing an insurance producer to bind coverage for a consumer more quickly, subject to an insurer's underwriting requirements, because the insurance producer will be able to accept the consumer's application immediately without waiting for a completed Disclosure Statement
Additionally, the company said that to qualify for trading on this tier, companies must provide their annual financial statements as per US GAAP or IFRS for a minimum of the last two fiscal years and post a completed OTC Pink Basic Disclosure Statement
with detailed company information to the public such as security details, issuance history, officers, directors, control persons and third party providers.
The court's decision relates to the adequacy of the disclosures in the disclosure statement
about the company and the plan, and the process for voting on it.
Arcapita has announced that the US Court has approved the Disclosure Statement
for the amended chapter 11 plan of reorganization of Arcapita and its debtor affiliates.
Summary: MANAMA - Arcapita Bank, the international investment firm headquartered in Bahrain, announced on Sunday that a US Court has approved the Disclosure Statement
for the amended Chapter 11 plan of reorganisation of Arcapita and its debtor affiliates.
The consequence of not providing a Disclosure Statement
is that the SPA, in relation to which the Disclosure Statement
should have been given, may be deemed void and of no effect (Article 5, General Direction).