Because the Debtors lack assets unrelated to their insurance rights, unsecured trade creditors will not receive any payment on account of their claims.
On June 4, 2012, the Bankruptcy Court entered the Disclosure Statement Approval Order, establishing requirements and approved forms of notice for the solicitation of votes on the Plan among those classes of creditors entitled to vote.
Because February 18, 2002 was a federal holiday, the bar date for the filing of claims was extended to February 19, 2002 (the "Bar Date").In-house retail credit card programs were redefined after the unprecedented number of personal bankruptcies during the Great Recession threatened the financial stability of some of the biggest companies in the U. While partnering with these financial institutions mitigates a retail company's financial risk, it also changes the nature of retail credit cards, which traditionally had lower credit standards and more lenient terms than bank-issued credit cards. First, most retail credit cards are now combined with some aspect of a retail chain's customer loyalty program. In order to regain financial stability, some retail company credit card programs closed down and many retail credit cards became some of the most difficult to obtain. The days of standalone in-house retail company credit programs are pretty much a thing of the past for the U. retail industry, and have been replaced by credit cards that are co-branded with large national or multinational banking companies like Chase and credit services companies like American Express.During his final remarks at the Asia-Pacific Economic Cooperation summit in Lima, Obama said that Republicans aren't as popular as the world might think - reminding them that Democrat Hillary Clinton won the popular vote.As Obama wraps up his presidency and plans for the first few months out of office, he said he knows the majority of Americans agree with many Democratic positions, mentioning a minimum wage increase, gun curbs, and affordable health care.'My intention is to, certainly for the next two months, just finish my job.