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Illustration of diverse defendants, who have been former officers and administrators of a corporation functioning for-earnings, publish-secondary institutions of better Discovering, within an adversary proceeding filed by a Chapter seven bankruptcy trustee asserting alleged prepetition breaches of fiduciary duties as administrators and officers, alleged common law and statutory business conspiracy, and alleged preferential and fraudulent transfers pursuant towards the Bankruptcy Code and Virginia law
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A Federal bankruptcy court issued an get confirming the liquidation prepare of Woodbridge. Lawyers representing the corporate indicated that the company would arise from Chapter 11 bankruptcy voluntary bankruptcy and will start out having to pay income distributions to victims on the Ponzi plan once the 1st quarter of 2019. Find out more
An insider has verified that the very first distribution of money will in fact occur in the initial quarter of 2019 (April at the newest). The precise day has not been verified as of nevertheless. Learn more
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