Post
of 8,803
There are three major steps left, even after the confirmation, if a creditor disagrees there will be an individual hearing with a judge to get it done. See below.
Re: 420 Stocks post# 61288
Post # of 61811
UMS, LLC Chapter 11 timeline, next three steps to complete if it follows the Chapter 11 timeline below.
The Chapter 11 Petition (completed)
Monthly Operating Reports (completed)
"Section 341(a)" Meeting of Creditors - (completed)
The Disclosure Statement and Disclosure Hearing
The Proposed Plan of Reorganization
The Confirmation Hearing
Seems the Confirmation Hearing typically comes 20 to 45 days after the 341 meeting, so mid to late September this should get wrapped up, just guessing.
Check Pacer updates
https://www.pacermonitor.com/case/15273408/Un...tions,_LLC
This Chapter 11 general timeline helped me understand the steps a lot better...
http://www.alllaw.com/articles/nolo/bankruptc...ocess.html
Re: 420 Stocks post# 61288
Post # of 61811
UMS, LLC Chapter 11 timeline, next three steps to complete if it follows the Chapter 11 timeline below.
The Chapter 11 Petition (completed)
Monthly Operating Reports (completed)
"Section 341(a)" Meeting of Creditors - (completed)
The Disclosure Statement and Disclosure Hearing
The Proposed Plan of Reorganization
The Confirmation Hearing
Seems the Confirmation Hearing typically comes 20 to 45 days after the 341 meeting, so mid to late September this should get wrapped up, just guessing.
Check Pacer updates
https://www.pacermonitor.com/case/15273408/Un...tions,_LLC
This Chapter 11 general timeline helped me understand the steps a lot better...
http://www.alllaw.com/articles/nolo/bankruptc...ocess.html