Agway liquidating trust company


The restructuring of businesses and collection of debt requires more than just knowledge of the Bankruptcy Code.

Dorsey brings to the Bankruptcy and Financial Restructuring group not only nationally renowned bankruptcy lawyers, but also lawyers experienced in mergers and acquisitions, corporate governance, tax law, securities law, finance, business litigation and other disciplines that are critical to the restructuring of viable businesses and assisting creditors and others in preserving their rights.

Through this interdisciplinary approach, Dorsey’s clients are not only able to address the legal issues at hand, but can also best achieve their larger business goals.

The group handles both transactional and litigation oriented matters across the country, working on some of the largest cases.

The Grantor Letter is an itemized statement which reports a unitholders allocable share of all of the various categories of income, gain, loss, deduction, and credit of the Liquidating Trust.

If the units are held in a taxable account, this information should be used in determining your taxable income.

According to the agreements, Fidelity was to provide surety bonds to Agway’s insurers under which it was to be indemnified.

of Maryland (Fidelity) entered into several agreements (agreements) with the company that required it to indemnify Fidelity for attorneys’ fees that it might incur to enforce its agreements with Agway.

Our representation extends beyond debtors and creditors to include fiduciaries, trustees, equity holders and buyers of distressed assets.

The firm’s strategic office locations allow us to handle the most significant bankruptcy matters throughout the United States and abroad, and file these cases in the jurisdiction that best meets a client’s objectives. The company filed for chapter 11 protection three years after emerging from a previous trip through bankruptcy.

He is a former chair of the Los Angeles County Bar Association Litigation Section and the Ninth Circuit Judicial Conference Central District Lawyers Representatives.

The Liquidating Trust is intended to be treated as a “grantor trust” for federal income tax purposes.

As such, the tax consequences to a unitholder generally will be similar to those that would be experienced if the trust were treated as a partnership.

You must have an account to comment. Please register or login here!