Despite significant outreach efforts by the Wind-Down Debtor, some creditors failed to deposit their checks. The cumulative value of such checks totaled approximately $16 million. As set forth in the Notice Regarding Procedures Related to Undeliverable or Unclaimed Distributions [Doc. No. 1642] (the “Distribution Eligibility Notice”), any Initial Distribution check that remained outstanding on April 20, 2024 is now cancelled and deemed unclaimed.
Any creditor who failed to withdraw or deposit their Initial Distribution has forfeited their right to receive subsequent distributions from the Wind-Down Debtor. Pursuant to the Distribution Eligibility Notice and the Plan, the proceeds from any unclaimed Initial Distributions have been returned to the general recovery fund and are now available for distribution amongst all remaining eligible creditors on a pro rata basis.