Bankruptcy Code governs liquidation proceedings. Additional assets were transferred to the Trust as circumstances warranted. Jump to navigation Jump to search A liquidating distribution or liquidating dividend is a type of nondividend distribution made by a corporation or a partnership to its shareholders during its partial or complete liquidation. What are assets held in bailment? Where can I find information concerning lawsuits that have been brought by the Liquidating Trust, including the damages being sought in each case? However, there can be no assurance that this will be the case. Liquidation can also refer to the process of selling off inventory, usually at steep discounts. Creditors are always senior to shareholders in receiving the corporation's assets upon winding up. You may email the Trust at rescapliquidatingtrust rescapestate. Pursuant to the Termination Order, the Trustee has transferred the beneficial interests in the Estate Litigation Trust previously held by the Liquidating Trusts directly to the Liquidating Trust beneficiaries on a pro rata basis.
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