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Sept. 13 deadline for Fund creditors to file proof of claim
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Posted on May 01 2012
The deadline for creditors to file a proof of claim against the NMI Retirement Fund will be on Sept. 13, 2012, according to court documents.
A notice of the Fund’s Chapter 11 bankruptcy case, meeting of creditors, and deadlines was filed yesterday in the U.S. District Court for the NMI Bankruptcy Division.
This developed as U.S. Bankruptcy Judge Robert J. Faris issued Friday an order establishing procedures for the Fund’s Chapter 11 case.
According to the notice, proof of claim must be received by the bankruptcy clerk’s office by Sept. 13, 2012, for all creditors (except a governmental unit). No deadline was indicated in the notice for governmental units.
A proof of claim is a signed statement describing a creditor’s claim.
“If a proof of claim form is not included with this notice, you can obtain one at any bankruptcy clerk’s office,” the notice states.
The notice also sets a meeting of creditors on June 15, 2012, at 9am on the first floor of Horiguchi Building on Beach Road, Garapan. A Fund representative must be present at the meeting to be questioned under oath by the U.S. Trustee and by creditors.
“Creditors are welcome to attend, but are not required to do so. The meeting may be continued and concluded at a later date specified in a notice filed with the court,” the notice states.
The court, after notice and a hearing, may order the U.S. Trustee not to convene the meeting if the Fund has filed a plan for which the debtor solicited acceptances before filing the case.
Chapter 11 bankruptcy petition allows the Fund to reorganize or liquidate pursuant to a plan.
The creditors’ meeting and deadline to file a proof of claim were among the procedures set by Judge Faris in his order for the Fund to comply with.
