By establishing a liquidating trust pursuant to section 1123(b)(3) in a confirmed plan of reorganization or liquidation, a debtor can transfer causes of action and other assets to a trust, for future liquidation and distribution to the debtor’s creditors, and avoid delaying plan confirmation.

The creditors become the trust beneficiaries and their claims are paid from trust assets by a waterfall established pursuant to the plan.

Late in 2012 I was offered the opportunity of becoming a Travel Broker after the liquidation of my former employer, Mc Crory Thomas Travel.Everything can be arranged remotely and you can travel with just a simplified and easy to understand itinerary.More than a third of my extensively located “travel family” have never met me, and in many cases they’ve never even been to New Zealand, where I live and mainly work from.For information about the data provided, please review the Disclaimer statement.Kurtzman Carson Consultants LLC ("KCC") does not guarantee or warrant that the data provided herein is accurate, complete, or current and shall not be liable to you for any loss or injury arising out of or caused in whole or in part by the acts, errors or omissions of KCC, whether negligent or otherwise, in procuring, compiling, gathering, formatting, interpreting, reporting, communicating or delivering the information contained in this website.I recently placed 1st at the 2013 New Zealand Travel Brokers Awards and was honoured with the titles “Broker Of The Year 2013”, and “Special Achievement Of The Year 2013”, plus “Rookie Of The Year 2013”.These are the latest of many awards I have achieved in my career, but have a special place as the first ones I have earned while self-employed.By using this site, you consent to the terms of KCC's Terms of Use and Privacy Statement regarding the use and processing of personal information, and any and all other terms that may be set forth on this site concerning the collection of personal information.If you do not agree to these terms, you should not use this site.This IP Address has exceeded the maximum number of captcha solutions.Please consider signing up for a Pro Search or Pro API plan to continue using our website, or if you would like to purchase data directly please contact us via our contact page.Absent this provision, a debtor would be required to investigate and prosecute all avoidance and other causes of action prior to confirming a plan, which may take years.Section 1123(b) (3) of the Bankruptcy Code facilitates the use of a liquidating trust for prompt administration of the estate by providing post-confirmation standing to an appointed representative of the estate to enforce claims and interests.I supported all my existing customers through the liquidation process working hard to ensure that no one was adversely affected by the collapse of Mc Crory Thomas Travel.I now cater to a wide range of travellers, many of whom have rewarded me with their loyalty and trust for many many years.