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Voluntary Final Distribution
The United States Bankruptcy Court for the Southern District of New York (the “Court”) has approved a process to provide certain creditors with a single, final Distribution on their Allowed Claims (the “Final Distribution”). The Final Distribution will allow the vast majority in number of LBHI’s creditors to end their thirteen-year involvement in these cases, and provide creditors with the opportunity to receive a Final Distribution potentially years ahead of when they otherwise would receive Distributions under the Plan.
Eligible Creditors
Each creditor estimated to receive future Distributions totaling less than or equal to $25,000 on account of the aggregate of all of their Claims, are referred to as the “Eligible Creditors,” and their Allowed Claims, the “Eligible Claims.”
For more information on the Eligible Creditors and Non-Eligible Creditors please refer to the
Motion.
For more information on estimated future Distributions please refer to LBHI’s Quarterly Financial Report as of April 1, 2021,
[Docket No. 61142].
Participation in the Final Distribution is voluntary.
Eligible Creditor - Opt Out
Your participation in the Final Distribution is voluntary. If you wish to participate in the Final Distribution, you do not need to do anything further.
If you wish to opt out of the Final Distribution and to continue to receive distributions over time from LBHI in accordance with LBHI’s chapter 11 plan, you must complete and submit the Opt Out Form using one of three methods below so that it is received by no later than 6:00 pm (ET) on September 10, 2021.
- Online (preferred method): You may complete the Opt Out Form electronically on a secure site Here
- Via Email: You may scan a complete and executed copy of this Opt Out Form and email it to [email protected]; or
- Via Mail, Overnight Mail or Hand Delivery: You may send a complete and executed copy of this Opt Out Form to one of the addresses below:
If by First Class Mail:
LBHI Final Distribution Processing
c/o Epiq Corporate Restructuring, LLC
P.O. Box 4422
Beaverton, OR 97076-4422
| If by Overnight/Hand Delivery:
LBHI Final Distribution Processing
c/o Epiq Corporate Restructuring, LLC
10300 SW Allen Blvd.
Beaverton, OR 97005
|
Non-Eligible Creditor - Opt In
If you wish to participate in the Final Distribution and receive $25,000 in full and final satisfaction of your claims against LBHI, you must sign the Opt In Form (which may be submitted online) and return it to the Plan Administrator by no later than 6:00 pm (ET) on September 10, 2021. Your response must be received by that time and date.
- Online (preferred method): You may complete the Opt In Form electronically on a secure site Here
- Via Email: You may scan a complete and executed copy of this Opt In Form and email it to [email protected]; or
- Via Mail, Overnight Mail or Hand Delivery: You may send a complete and executed copy of this Opt In Form to one of the addresses below:
If by First Class Mail:
LBHI Final Distribution Processing
c/o Epiq Corporate Restructuring, LLC
P.O. Box 4422
Beaverton, OR 97076-4422
| If by Overnight/Hand Delivery:
LBHI Final Distribution Processing
c/o Epiq Corporate Restructuring, LLC
10300 SW Allen Blvd.
Beaverton, OR 97005 |
