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In Chapter 7, the business ceases operations, a trustee sells all of its assets, and then distributes the proceeds to its creditors. In Chapter 11, unless a separate trustee is appointed for cause, the debtor, as debtor in possession, acts as trustee of the business.

Any residual amount is returned to the owners of the company. Chapter 11 affords the debtor in possession a number of mechanisms to restructure its business.

By establishing a liquidating trust pursuant to section 1123(b)(3) in a confirmed plan of reorganization or liquidation, a debtor can transfer causes of action and other assets to a trust, for future liquidation and distribution to the debtor’s creditors, and avoid delaying plan confirmation.

The creditors become the trust beneficiaries and their claims are paid from trust assets by a waterfall established pursuant to the plan.

Any reconciliation of payments must come from the Kansas City Teller Unit.

This section contains information about the basic purpose and procedural workings of a Chapter 11 bankruptcy case.

It explains the ways in which a Chapter 11 bankruptcy case is different from a bankruptcy case brought under other chapters of the United States Bankruptcy Code (USBC).

These assets are to be liquidated by a court-appointed trustee, with the proceeds going to creditors.

3”New GM” represents a new corporation containing only the attractive assets held by the U. and Canadian operations and primarily owned by the U.

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Til now, i can get over yet the "Kill me/Heal me" and the "She was pretty". Just hoping there would be a sequel of the She was pretty. She is my favorite Korean actress also, after watching a few Korean drama. She was pretty was awesome too but I loved the other dramas better. ur drama kill me heal me was my first but it was enough for me to fall head over heels with ur acting skills,thus provin that u aint jus ! you are very very good actrees amazing you make me cry so mush in secret and i watch you in kill me heal me and you are amazing but still best in secret and you are brillient in sad romance look farward your next drama hope you worh again with ji sung opaaa I just want to say that you are great actress, i loved you acting in Secret, i cried and laughed with you, your acting makes me feel your emotions and waouh you and ji sung are the best pairing couple, so bad both of you are already engaged with someone else, i ship you guys so baddd especially when i saw the final kiss scene of Secret...i hope i can see more of your projects, KMHM was a good change after deep dramas as Secret or Endless love...i would like to see you pairing one day with So Ji Sub oppa or Lee min ho Can you please next act in a drama where you are a rich daughter of a chaebol who's also a fashionista, badass, cool and intelligent?

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