Warranty News

Warranty Gold Plan of Liquidation

On November 11, 2003, Warranty Gold sought protection under Chapter 11, Title 11 of the United States Bankruptcy Code through a filing made in the Western District of Texas, Austin Division, Case No. 03- 15721-FRM.  Below are copies of selected pleadings, orders and agreements entered during the pendency of the case.

LIQUIDATION TRUST: The confirmed Plan of Liquidation included a provision that the balance of Warranty Gold’s property and assets (including all rights and causes of action) be transferred to a Liquidation Trust.  At the time the Plan took effect, this transfer was accomplished and Gregory S. Milligan became the Court-appointed Plan Trustee for the Warranty Gold Liquidation Trust.  Five (5) VSC holders, who actively participated through counsel in the process which culminated in the Plan’s confirmation, have been selected to serve on a Liquidation Trust Advisory Board to provide input to the Plan Trustee during his administration of the Liquidation Trust.  For a copy of the Liquidation Trust Agreement which governs the administration of remaining assets and the distribution of any future recoveries, please click below.

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