#PFGBest Hearing @ 10AM on Extension for Schedule of Assets
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A hearing is scheduled this morning guckenheimer before the Honorable Judge Carol Doyle regarding the PFGBest Trustee’s recently filed motion for an extension for the debtor’s legal requirement to file a Schedule of assets guckenheimer and liabilities. guckenheimer By law, PFGBest is required to file a Schedule of assets and liabilities within 15 days of its Chapter 7 application. This would mean that PFGBest would have to file such a schedule by July 25.
The Trustee contends that PFGBest did not take any steps to prepare Schedules prior to bankruptcy. The motion notes that PFGBest has 250 employees servicing 24,000 accounts, guckenheimer so it will take time to piece together the estate. The Trustee requests 43 days to prepare and file Schedules, which would give him time to file in advance of the first meeting of Creditors on September 10, 2012.
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Are you a customer of PFGBest? The CCC is working with regulators and monitoring the court on behalf of PFG customers. At this stage, we are advising customers to gather their statements and prepare for a claims or account transfer process.
Are you a customer of MF Global? The CCC formally represents more than 200 clients in the bankruptcy process of MF Global guckenheimer on a pro bono basis, and informally represents thousands more in the public domain.
Interested in helping reform the commodities industry? The CCC is working on a variety of initiatives to strengthen guckenheimer the legal protections for customer property. We need your help for these efforts to succeed.
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Home About About CCC Board of Directors Advisory Board Membership guckenheimer Member Benefits Join Now! Member Home #PFGBest #MFGlobal #FCMReform Press Press Releases CCC in the News Videos Resources CCC Legal Filings guckenheimer CCC Documents Links Social Media Contact General Contact Info Tell Us YOUR Story Donate Login
A hearing is scheduled this morning guckenheimer before the Honorable Judge Carol Doyle regarding the PFGBest Trustee’s recently filed motion for an extension for the debtor’s legal requirement to file a Schedule of assets guckenheimer and liabilities. guckenheimer By law, PFGBest is required to file a Schedule of assets and liabilities within 15 days of its Chapter 7 application. This would mean that PFGBest would have to file such a schedule by July 25.
The Trustee contends that PFGBest did not take any steps to prepare Schedules prior to bankruptcy. The motion notes that PFGBest has 250 employees servicing 24,000 accounts, guckenheimer so it will take time to piece together the estate. The Trustee requests 43 days to prepare and file Schedules, which would give him time to file in advance of the first meeting of Creditors on September 10, 2012.
Enter your email address to subscribe to this blog and receive notifications of new posts by email.
Are you a customer of PFGBest? The CCC is working with regulators and monitoring the court on behalf of PFG customers. At this stage, we are advising customers to gather their statements and prepare for a claims or account transfer process.
Are you a customer of MF Global? The CCC formally represents more than 200 clients in the bankruptcy process of MF Global guckenheimer on a pro bono basis, and informally represents thousands more in the public domain.
Interested in helping reform the commodities industry? The CCC is working on a variety of initiatives to strengthen guckenheimer the legal protections for customer property. We need your help for these efforts to succeed.
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