Ha liquidating trust
Ha liquidating trust
"It wasn't just that it was really big, but it was really big and had some novel issues." Adding to the complexity of Lehman's bankruptcy was the fact that it was unplanned, coming after the government declined to rescue the ailing firm.Lehman emerged from Chapter 11 protection in March of last year, but the task of selling off assets and paying creditors continues.
On May 1, 2009, Chrysler announced that the Kenosha Engine plant was to close by the end of 2010 as a result of Chrysler's bankruptcy and restructuring plan.The last year in which the plant produced cars was in 1988.These were the subcompact Dodge Omni and Plymouth Horizon FWD models, as well as the M-body RWD sedans, but the facility continued to manufacture engines .The city of Kenosha, Wisconsin Department of Health Services, United States Environmental Protection Agency, and Kenosha County Division of Health collaborated on environmental assessment, remediation, and preparation of the property for redevelopment.The investor and property mentor did not appear at the High Court in Auckland yesterday, having abandoned his opposition to the judgment just two days beforehand.Alongside his property business, Ha ran wealth creation seminars through his Don Ha Academy, but said yesterday he had dropped those while he went through the rebuilding process.
"At this stage I'm focussing on the real estate business", he said.The explanation given for the collapses was the same in each report - the global financial crisis had caused higher interest costs, devaluation of properties and slower sales turnover.As of last month, the small army of lawyers, accountants, consultants and other professionals assisting in the wind-down of the investment bank had earned more than .2 billion since Lehman filed for bankruptcy in September 2008.At that time, the future of the engine plant site in the center of the city remained unknown, and Kenosha city officials were worried.By October 2011, an agreement was reached to transfer ownership of the property to either the city or the state, with million in federal Troubled Asset Relief Program (TARP) money available to help clean up environmental problems at the site.Public Trust, which is the country's largest trustee organisation, had lent him the money to assist with the subdivision of residential land and housing in South Auckland.