Quarterly Report
The Court has directed the Receiver to provide and file Quarterly Status Reports (“QSR”) within thirty (30) days after the end of each calendar quarter. The QSR will reflect to the best of the Receiver’s knowledge the existence, value, and location of all Receivership property and the extent of liabilities, both those claimed to exist by others and those the Receiver believes to be legal obligations of the Receivership Estates.
The quarterly reports are lined below:
First Quarterly Report - Filed 4/30/2024
Second Quarterly Report - Filed 7/30/2024
Third Quarterly Report - Filed 10/30/2024
Fourth Quarterly Report - Filed 1/30/2025
Liquidation Plan
The Receiver will file his Liquidation Plan for Court approval. The Liquidation Plan will be a structured outline detailing the process by which the Receivership Defendants’ assets will be sold or otherwise disposed of to satisfy outstanding debts and claims.
The plan will include asset identification and valuation, asset sale and strategy, a process for the distribution of proceeds, administrative costs, and final accounting and closure.
The primary goal of the Receiver’s Liquidation Plan is to maximize the value of the Receivership Estate’s assets and ensure an orderly and equitable distribution of proceeds to satisfy outstanding obligations.