The USFIA Receiver intends to file an Amended Distribution Plan (ADP). The ADP intends to deal with the IRS roadblock, currently holding up approved victim distribution payments. Last month we reported on the IRS roadblock. The Receiver’s proposed ADP will set aside $16.5 million as a “tax reserve”. $45.8 million will be paid out to [Continue reading…]

Source: USFIA Receiver sets aside $15 mill to get on with distribution

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