Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

How long is the Receivership going to last?

going receivership
0
Posted

How long is the Receivership going to last?

0

Even though the Court has now entered a Final Allocation Order, because of the possible stay and appeal of this Order, it is not clear at this time when the allocation process will be implemented or completed – see Question #1, above. In addition to finalizing the allocation process, the Receiver continues to pursue civil litigation against those responsible for the trust fund shortage, pursue claims against Intrust’s limited insurance policies and will make distributions to account holders if funds become available. It is not possible at this time to estimate when these responsibilities of the Receiver may be completed.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123