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This document is an order from the United States District Court approving the distribution plan for the Net Settlement Fund in a class action lawsuit involving the Department of the Treasury of the State of New Jersey and Cliffs Natural Resources Inc. The order outlines the approval of claims, the responsibilities of the Claims Administrator, and the process for distributing funds to authorized claimants.
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What is order approving distribution plan?
An order approving distribution plan is a legal document issued by a court that approves the proposed distribution of assets or funds in a bankruptcy or trust liquidation scenario.
Who is required to file order approving distribution plan?
Typically, the trustee or debtor in possession is required to file the order approving distribution plan in a bankruptcy case.
How to fill out order approving distribution plan?
To fill out an order approving distribution plan, one should provide detailed information about the proposed distribution of assets, include the names and addresses of creditors, the amounts owed, and any relevant financial details outlined by the court.
What is the purpose of order approving distribution plan?
The purpose of the order approving distribution plan is to ensure that the distribution of assets is conducted fairly and in accordance with legal requirements, protecting the rights of creditors and stakeholders.
What information must be reported on order approving distribution plan?
The order must report detailed information including the total amount of assets, the method of distribution, names and addresses of creditors, amounts owed, and the priority of claims.
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