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Creditors committee does not object to Fund’s selling of San Vicente land

The Official Committee of Unsecured Creditors does not object to the NMI Retirement Fund’s request for authority from the U.S. District Court for the NMI Bankruptcy Division to approve the sale of the Fund’s 886-square-meter property in San Vicente for $125,000. Don...
Posted On Jul 09 2012 01:06
, By Ferdie De La Torre

‘Chapter 11 filing was in discussion since September 2011’

The Boston-based counsel for the NMI Retirement Fund has disclosed that the filing of Chapter 11 bankruptcy petition was already being talked about with the Fund’s outside counsel, Braddock Huesman, since September 2011. The Fund filed the Chapter 11 bankruptcy petition in...
Posted On Jul 05 2012 05:43
, By Ferdie De La Torre

$844,650 in attorneys’ fees demanded from Fund

A Boston-based law firm that represented the NMI Retirement Fund in its Chapter 11 bankruptcy petition is demanding payment of $719,293.50 for professional services and reimbursement of $46,644.32 in expenses, for a total of $765,937.82. Braddock Huesman, the Saipan-based counsel...
Posted On Jul 03 2012 08:03
, By Ferdie De La Torre

Creditors committee lawyer demands $65,124

The Hawaii-based counsel for the Official Committee of Unsecured Creditors is demanding $65,124.61 in payment from the NMI Retirement Fund for its participation in the Fund’s Chapter 11 bankruptcy case. Committee counsel Don Jeffrey Gelber asked the U.S. District Court for...
Posted On Jul 02 2012 07:13
, By Ferdie De La Torre

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