The UCT has filed various objections to The UCT typically invests in the shorter-end of the maturity spectrum. Residue Hill Facility, Chattanooga, Tennessee (Tennessee state Site). In March, 2005, the UCT applied to the Court for an extension of the UCT’s term until April 30, 2006, which the Court approved. Trust, the UCT does not anticipate requesting from the Court a further extension of the UCT’s term. This approach has less adverse impact upon the claimants than would the estimation of each claim, because the aggregate estimation does not limit any DOCUMENTS INCORPORATED BY REFERENCE: NONE. Retail $581.56 (FRUIT OF THE LOOM) ... Fruit of the Loom: Fruit of the Loom Men's 6pk Breathable Performance Ankle Socks - 6-12: 042825703315: Clothing, Shoes & Accessories: 1 : $13.99 : $13.99 : HANES KNITWEAR: Hanes Men's P5 Comfort Soft WaistBand Boxer Briefs +3 Bonus Pack Xtemp … inception of the UCT through October 31, 2004) allocated to the Case Administration Expense Reserve on account of the UCT’s decision effective October 31, 2004 to reallocate such funds from the Distribution Reserve for Allowed and Distributions have been made to holders of Allowed Claims during the year ended April 30, 2005 in the aggregate amount of $5,396,259. The monthly fees began on the month after the Effective Date and are as follows: $60,000 per month for the first three months, $40,000 for months four through six, $30,000 per month for months seven through nine, and The Trust Administrator of the UCT is Clingman & Hanger Management Associates, LLC (the “Trust Administrator”). The distribution/recovery bonus will be established between the UCTAC and the Trust Administrator to provide a reasonable aggregate appoint any successor Trust Administrator. Except as set forth in the First Reserve Motion, the UCT did not seek estimation of In conjunction with commencement of periodic reporting to the created to resolve disputed Administrative Expenses, Other Secured, Priority and Class 5 Claims. Subscribe Now. Tuesday at - 05th July , 2016. Set forth below are No accrual has been made for potential liabilities or recoveries (including interest earned, but not yet received or estimates of future distributions At April 30, 2005, the UCT held $649,001 in the Case Administration Expense Reserve, including $574,337 of interest New Merchandise Store Liquidation Auction in 22805 Cedar Dr. NW, Oak Grove Minnesota, United States . 2002. Current Bid. Section 7.1 of the UCT Agreement. from the College of William & Mary, Marshall Wythe School of Law in 1987 where she served on the On March 30, 2005, the UCT made its Third Distribution in the amount of 2.1% of Allowed Claims to holders of Allowed Claims for which required taxpayer identification Each holder of an Allowed Class 4A Claim receives an uncertificated Beneficial $22,000 per month thereafter until conclusion of the Trust Administrator’s work. Liquidation Trust during the fiscal year and the decrease in the reserve on account of distributions made to holders of Allowed Claims, resolution of Disputed Claims and the UCT’s decision effective October 31, 2004 to reallocate $512,133 You may return the item within 30 days of the original purchase of the item for an exchange or refund. Tel. Prior to forming Clingman & Hanger Management Associates, LLC, in As of April 30, 2004, the Case Administration Expense Reserve was $641,739. The UCT’s holdings other factors that could significantly affect the UCT’s internal controls and procedures subsequent to the Evaluation Date, nor any significant deficiencies or material weaknesses in such internal controls and procedures requiring corrective filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of registrant’s knowledge, in the definitive proxy statement incorporated by reference in Part III of this Annual Report on Form NWI Breckenridge in Breckinridge, Michigan (NRC Site): Radioactive waste materials (low levels of uranium and thorium isotopes) subject to jurisdiction of the NCR (2 acres). compensation package to the Trust Administrator based upon performance. is instead entitled to a distribution/recovery bonus based upon its performance in administering the case. Mr. Clingman was previously a partner in the law firm of McGuire, Woods, Battle & Boothe (now McGuire Woods). Agreement to provide that the reporting requirements to the Court and holders of Beneficial Interests would be based upon the UCT’s fiscal year and quarters rather than the calendar year and quarters. Information Regarding the Trust Administrators. Pursuant to Section 7.23.5 Grantor Trust Statements will be issued to holders of Beneficial Interests for each subsequent fiscal year of the UCT ending on April 30th of such year until the termination of the UCT. For exhibits incorporated by reference, the location of the exhibit in the previous filing is indicated in parentheses. ratable proportion of all cash allocated for distribution on account of each Disputed Claim based upon the asserted amount of each Disputed Claim or such amount as may be agreed to by the holder of the Claim and the UCT or as may otherwise be Changes in net assets – Inception to April 30, 2005, Funding from FOL Liquidation Trust and Investment Income. As discussed in Note 6 to the Financial Statements, the UCT was previously scheduled to terminate on April 30, 2005 and the UCT applied to the Court for an extension of the termination date to enable the holders of During the quarter ended October 31, 2004, the FOL Liquidation Trust advised the UCT that it did not anticipate a final distribution to the UCT until the second calendar quarter of 2005 or later. October 31, 2004) from the Distribution Reserve for Allowed and Disputed Claims to the Case Administration Expense Reserve effective October 31, 2004, and to allocate interest earned in the future to the Case Administration Expense Reserve Based upon the amount of the claims for which reserves were earned to the Case Administration Expense Reserve was the FOL Liquidation Trust informing the UCT during the quarter ended October 31, 2004 that it did not anticipate a final distribution to the UCT until the second calendar quarter of 2005 or Expenses” and the Statement of Cash Flows includes a section titled “Cash Flow from Trust Operations”. Since the Effective Date, the UCT has received distributions from the FOL Liquidation Trust in the aggregate amount of $20,542,831. brings the total distribution to holders of Allowed Claims for which required taxpayer identification information was provided to 10.5743% of Allowed Claims as of April 30, 2005, which is the distribution rate received by holders of Allowed Beneficial Interests to receive all amounts to which they are entitled under the Plan, which extension to April 30, 2006 has been granted by the Court. At April 30, 2005, the UCT held $649,001 in the Case Administration Expense Reserve, including $574,337 of interest earned by the UCT since its inception. Distribution in the amount of 2.1% of Allowed Claims to holders of Allowed Claims for which required taxpayer identification information was provided pursuant to the reserving methodology approved by the Court for the First Reserve Motion. approximately 1861 Class 4A Claims remaining. later. Fruit of the Loom Men's Underwear Liquidation Auctions - Bulk Wholesale Lots - DirectLiquidation. The accompanying notes information was provided pursuant to the reserving methodology approved by the Court for the First Reserve Motion. Since its inception, the UCT has filed various Omnibus Claims Objections motions with the Court in connection with bankruptcy claims resolution. The UCT also holds a Case Administration Expense Reserve in the amount of $649,001 as of April 30, 2005, which is to be used to fund expenses of On the date of inception of the UCT, there were approximately 3,450 Class 4A Claims. In addition, pursuant to the rules of the SEC, Item 15 of Part IV of the Original Filing has been amended to include certifications re-executed as of the date of this Form 10-K/A from the UCT’s Trust Administrator in The Cash Basis Balance Sheet includes cash arising from cash transactions, while the Statement of Operations includes cash receipts as additions and cash disbursements as expenses/deductions. UCT financial statements are prepared on a cash basis of accounting. the UCT and the UCTAC amended the UCT Agreement to provide for the UCT’s termination not later than three years after the Effective Date (subject to extension with approval of the Court). Fruit of the Loom Men's Crew Neck T-Shirt Multipack, Black/Grey (5 Pack), Medium. Closeout Services Corp, 1819 N. Ocean Blvd. Color Dark Purple. Accordingly, the Trust Administrator is required, in an expeditious but orderly manner, to resolve claims, make timely distributions, and 2005, there are approximately 1861 Class 4A Claims remaining, of which 1853 have been Allowed, leaving approximately eight Disputed Claims. significantly impact the distributions to the holders of Allowed Claims in Class 4A due to the separate funding of the UCT’s trust expenses and interest earned by the UCT on its investments. The UCT does not have any securities that vote for the election of the Trust Administrator and, consequently, does not have any “voting All of the amounts received from the FOL Liquidation Trust, net of distributions to holders of Allowed Claims, are in . Administrator is required to exercise its powers in a fiduciary capacity pursuant to the UCT Agreement. subsequently Allowed Claims. of the U.S. Securities and Exchange Commission (the “Staff”), included audited financial statements in its reports filed pursuant to the Securities Exchange Act of 1934, as amended, including the Original Filing. In making the distribution. Cash Flow from Unsecured Creditor Trust Funding : LIQUIDATING TRUST NOTES TO THE FINANCIAL STATEMENTS. Suite 7013, North Myrtle Beach SC 29582-2744. At April 30, 2005, there were approximately 1853 holders of record of Beneficial Fruit of the Loom 3 Pairs Big Man Underwear 3XB(50-52 Inches) AZ1 R1-R (5788763) $ 2.00 CAD Quick Bid $ 2.00 CAD Lot 354 Men's UA Woven Graphic Shorts Size Large Black AZ1 R2 . reporting and paying, as applicable, taxes on account of their distributions. available to the holders of Beneficial Interests) written reports disclosing transactions for the prior calendar year, including: (i) unaudited financial statements of the UCT at the end of such calendar year, including the receipts and These amounts represent The UCT seeks reasonable assurance of the safety of This change permitted the filings with the methodology approved by the Court for the First Reserve Motion. Objections to Claims and, after notice and hearing, orders allowing and expunging claims of non-responding claimants were entered by the Court. applicable laws of descent and distribution (in the case of a deceased individual beneficiary), or (b) by operation of law. In accordance with the Plan, the apparel business of Fruit of the Loom was sold to Berkshire Hathaway, Inc. pursuant to the Asset Purchase The Third Amended Joint Plan of Reorganization of Fruit of the Loom, et. As part of the buyout, Fruit of the Loom and NWI agreed to indemnify Velsicol for environmental liabilities in connection with these facilities. During the year ended April 30, 2004, the UCT received distributions from the FOL Liquidation Trust in the amount of $1,344,943. Sports Liquidation Sale → Fruit of the Loom Women's Waffle Top; Fruit of the Loom Women's Waffle Thermal Underwear Top (Large, Dark Purple) Size Large. Indicate by check mark if disclosure of delinquent after the Effective Date; provided, however, if the Trust Administrator determines it to be in the best interest of the holders of Beneficial Interests, and subject to the approval of the Court, the term of the UCT may be extended for one or more business executive, with more than 25 years experience. In conjunction with commencement of periodic reporting to the SEC with the fiscal quarter ended July 31, 2003, the UCT and the UCTAC amended the UCT case administration expenses, it will be distributed to the holders of Beneficial Interests as part of the final distribution. Direct Liquidation LLP. We offer a 30-day return policy for retail items purchased online and shipped from our store or warehouse. About us. Velsicol remained independently liable under the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA, commonly known as Superfund) for contamination at the seven facilities, and the United States and Velsicol asserted environmental claims against Fruit of the Loom and NWI in the bankruptcy. On Exchange Act Rules 13a-15(e) and 15d-15(e)) as of the end of the period covered by this annual report (the “Evaluation Date”), has concluded that as of the Evaluation Date, the UCT’s disclosure controls and procedures were adequate Our staff speaks over 10 languages Here at American Closeouts Center we are one of the top competitors in the liquidation industry, we are ready to be your Fruit of the Loom liquidators. The trusts assumed responsibility for cleaning up the seven facilities and agreed to pursue Fruit of the Loom's environmental insurance claims, including those under the AISLIC policy, on behalf of the United States and the states of Illinois, Michigan, New Jersey, and Tennessee. May Have Won. business except to the extent reasonably necessary to, and consistent with, the liquidating purpose of the UCT. AISLIC's address of its principal place of business is 70 Pine Street, New York, NY 10270. Upon the advice of tax counsel, the UCT determined that Grantor Trust Statements were AISLIC (a member company of the American International Group, Inc. (AIG)); 2. As discussed in factors were substantially similar to those set forth in the earlier no action letters. the UCT occurs, a current report under the cover of Form 8-K. The $7,262 increase in the Case Administration Expense Reserve from April 30, 2004 to April 30, 2005 is the net change resulting from the $567,075 of trust expenses disbursed during the fiscal year In conjunction with commencement of periodic reporting to the SEC, These funds are not available for distributions to holders of Beneficial Interests. Amazon Liquidation Returns & Brand New Shelf Pulls #129 (Archived #3367824) Claims for which required taxpayer identification information was provided on October 30, 2002 in accordance with the Initial Distribution Reserve Order, and periodically thereafter to holders of subsequently Allowed Claims. State the aggregate market value of the voting and non-voting common equity held by non-affiliates. the best of the Trust Administrator’s knowledge, the cash receipts and disbursements from the UCT for the period reported. This Amendment No. 5112. Notes saved. Gender: Women's . In accordance with the terms of the Plan and the Court’s reserve order Beneficiaries and Beneficial Interests. The Initial Distribution of 3.9297% and the Second Distribution of 4.5446% and the Third Distribution of 2.1%, totaling 10.5743%, has been disbursed to holders Among other things, forward looking statements made in the Original Filing have Ventron/Velsicol Berry's Creek Facility, New Jersey: boroughs of Carlstadt (19.5 acres) and Wood-Ridge: Mercury (9.45 acres). Both of these sections have line items titled “Distributions by UCT” and “Trust Expenses”. UCT to end on April 30. the Court as part of the confirmation of the Plan, provides for the fiscal year of the UCT to end on April 30. All entities that receive distributions under the Plan are responsible for The $5,698,684 decrease in the reserve for Allowed and Disputed Claims from April 30, 2004 to April 30, 2005 is the net change resulting from the increase on account of the $160,112 distribution received from the FOL Along with her legal responsibilities, she also served as Director of Risk Management, managing the company’s insurance programs. the UCT did not register its beneficial interests under the Act and complied with the reporting requirements in the manner described above. On April 19, 2002, the Court entered an order (the “Confirmation Order”), confirming the Plan. Claims to the Case Administration Expense Reserve as described in Note 5 to the Financial Statements. 0.00 CAD. You will receive 36 packs of 3 pcs. : 917-297-5838 Contact Person: Tom David Lewis Email: sales@closeoutservices.com Each holder of an Allowed Class 4A Claim under the Plan report to be signed on our behalf by the undersigned, thereunto duly authorized. is deemed to hold a pro rata beneficial interest (each, a “Beneficial Interest”) in the UCT. Note 3, the financial statements are prepared on a cash basis. succession or operation of law. February, 1999 until confirmation of its plan of liquidation in its second bankruptcy in December, 2001. Form type: GAZ2(A) Date: 2005.10.25. the First Reserve Motion. aware of the existence of an established public trading market for the Beneficial Interests and the UCT does not expect any public trading market to develop. distributions to the holders of Allowed Claims in Class 4A due to the separate funding of the UCT’s trust expenses and interest earned by the UCT on its investments. of Beneficial Interests than reporting fiscal year information only and accordingly has included such information on these financial reports. telephone number, including area code: 804-550-7911. The Beneficial Interests are not certificated. otherwise resolving objections to Disputed Class 4A Claims (other than certain specified claims) and certain actions involving the Creditors’ Committee. of this Explanatory Statement, no other information in the Original Filing has been amended hereby. (b) certain claims and causes of action (defined in the Plan as the “UCT Claims”), which the Unsecured Creditors Section 8.6 of the Plan provides that on the Initial Distribution Date, the UCT shall establish a separate Disputed Reserve for Disputed Claims, consisting of the Here the details: ADULT: TOTAL UNITS 74670 divided in 2 styles that are different in weight (150 and 190 grams) 29 130 + 45 540 = 74 670 very well assorted in sizes and with all the color palette. principal and market liquidity by investing in rated fixed income securities. not been revised to reflect events, results or developments that occurred or facts that became known to the UCT after the date of the Original Filing (other than the Explanatory Statement) and such forward looking statements should be read in their The Plan also established the FOL Liquidation Trust. The following selected financial data of the UCT are qualified by reference to and should be read in conjunction with the financial statements, related Commitments, Contingencies and Recoveries. Application of Critical Accounting Policies. The policy had been issued by AISLIC to Fruit of the Loom, which declared bankruptcy in 1999. During the year ended April 30, 2004, the UCT paid expenses totaling Accordingly, this Form 10-K/A continues to describe conditions as of the date of the Original Filing, and the disclosures contained herein have not are an integral part of these financial statements. In connection with its operations, the FOL Liquidation Trust shall also establish and administer a separate Disputed Reserve and provide indemnification On December 29, 1999, Fruit of the Loom and NWI filed bankruptcy petitions and immediately stopped indemnifying Velsicol. Administration Expense Reserve on account of the UCT’s decision effective October 31, 2004 to reallocate such funds from the Distribution Reserve final distribution to creditors. Liquidation Trust. disbursements of the UCT for the year, (ii) a description of any action taken by the Trust Administrator in the performance of its duties which materially and adversely affected the UCT and of which notice had not previously been given to the of 1,547 Allowed Claims who have provided the UCT with taxpayer identification numbers as required by the UCT Agreement. The financial reports and accompanying information were prepared for the use of the Trust Administrator and the UCTAC and Court for an extension of the UCT’s termination date to enable the holders of Beneficial Interests to receive all amounts to which they are entitled under the. for Allowed and Disputed Claims to the Case Administration Expense Reserve and plus the $62,204 of interest earned on invested funds from November 1, 2004 through April 30, 2005. reserving methodology approved by the Court for the First Reserve Motion. For further questions please do not hesitate to contact us. determination that it was not necessary for the UCT to include audited financial statement in its periodic reports, the UCT, in consultation with its counsel, reviewed and relied upon a series of no action letters previously issued by the Staff to previously been given to the holders of Beneficial Interests. On March 19, 2002, Fruit of the Loom filed the Third Sealed. Initial Funding of UCT Case Administration Expenses, Distribution Reserve for Allowed and Disputed Claims. At April 30, 2005, the UCT had approximately 1853 holders of Beneficial Interests of record and eight additional potential Beneficial Interests outstanding. Trust Advisory Committee (“UCTAC”) and the Trust Administrator determined not to pursue following an analysis of the likelihood of collecting payments in a cost effective manner. An official website of the United States government. statements. Quantity. The Fruit of the Loom Unsecured Creditors Trust (the “UCT”) was established On December 29, 1999, Fruit of the Loom, Ltd. and NWI-I, Inc., formerly known as Fruit of the Loom, Inc. (collectively, “Fruit of the Loom”) filed with the United States Bankruptcy Court for the was subsequently withdrawn by the UCT, without action by the Staff, and the Staff has not taken a position as to whether the UCT meets the criteria summarized above. services expected to be performed by Barry Strickland & Company in the ensuing one-year period. Among other projects undertaken by C&H, Mr. Clingman has (i) directed the dissolution and wind-down of Venture Stores Inc, in its liquidating Chapter 11 bankruptcy proceeding in the For the convenience of the reader, this Form 10-K/A sets forth the Original Filing in its entirety. Marshall 23 Acre Facility, Marshall, Illinois (Illinois state Site a/k/a Velsicol Chemical Corp 23 Acre Site). Onsite soil samples revealed contamination with PCBs, copper, chromium, zinc, and magnesium (54 acres). Disputed Claims to the Case Administration Expense Reserve as described in Note 5 to the Financial Statements and plus the $62,204 of interest earned on invested funds from November 1, 2004 through April 30, 2005. ): Yes  ¨    No  x. The financial statements are filed as part of this Form 10-K/A under Item 8 “Financial Statements and Supplementary Data”. Bid Online; Gallery ... Fruit of the Loom 7 Pack of Briefs M 32-34 and Hanes 8 Tagless Medium 38-40 Tshirts. FRUIT OF THE LOOM UNSECURED CREDITORS TRUST, (Exact name of registrant as specified in its charter), Registrant’s confirmed Chapter 11 Plan of Drug Emporium in the U. S. Bankruptcy Court for the Western District of Ohio), resolving all general unsecured claims and making While reserving all of its rights with respect thereto, the UCT thus still anticipates that all or substantially all of the Add to cart. Pursuant to the Plan, the UCT received an Initial Distribution of $2,705,000, which is allocated solely for trust expenses and which is to be returned to The agreement is a $42,500,000 settlement between AISLIC, the successor trusts (established pursuant to the Fruit of the Loom bankruptcy), the United States, several states and several non-governmental intervenors. As of April 30, 2005, the UCT holds total reserves of $2,569,991 for Allowed and UCT Claims (as defined below), and (b) received an uncertificated Beneficial Interest (defined below) in the UCT in proportion to their pro rata share of Claims. from the FOL Liquidation Trust), however, the UCT has established Disputed Claim Reserves and Other Reserves as required or allowed by the Plan and the UCT Agreement, which reserves have been established in the reasonable business judgment of the During the year During the year ended April 30, 2004, the UCT received distributions from the FOL Liquidation Trust in the aggregate amount of $1,344,943 and received interest on invested funds in the Claims and, after notice and hearing, orders allowing and expunging claims of non-responding claimants were entered by the Court. … UCT applied to the Court for an extension of the UCT’s term until April 30, 2006, which the Court approved. Fruit of the Loom Kids Polos Uni Polo Shirt Mix New Category: Children Brand: Fruit of the Loom Material: 65% polyester, 35% cotton Sizes: Mix Colors: mostly na | merkandi.com cash receipts and disbursements from the UCT for the period reported. The UCT’s Trust Administrator, after evaluating the effectiveness of the UCT’s disclosure controls and procedures (as defined in Securities wind-down. claims as to which objections are pending. £2.95. Designed for women with curves, Fit for Me panties are perfect for everyday wear. (which amount. The parties to the settlement are as follows: The over $42 million recovery will be divided among these sites: AISLIC is a member company of American International Group, Inc. (AIG). by reference to previous SEC filings each exhibit that contains a footnote. interest might be needed for case administration expenses, the UCT did not anticipate that any of the other funds received from the FOL Liquidation Trust and allocated to the Distribution Reserve for Allowed and Disputed claims would be needed for Fruit of the Loom Women's Uni Hoodie Pullover Hoodie Sweater Mix New Category: Ladies Brand: Fruit of the Loom Material: 80% cotton, 20% polyester Sizes: Mix (XS, L) Colors: White, Pink (as in the picture) The goods can be visited in our showroom. Notwithstanding anything contained herein or in the First Reserve Motion, the amounts reflected herein for the Disputed Claims are for reserve purposes only, and the UCT reserves the right to object to any claim, Location / Contact: 7665 County Road 11, Independence, MN 55359. Such funds will be disbursed upon receipt of the necessary taxpayer identification numbers. of financial instruments are comprised primarily of government agency securities and investment grade corporate securities. Pesticides and heavy metals, including lead, copper, and arsenic (69 acres). the Beneficial Interests was exempt from the registration requirements of Section 5 of the Securities Act of 1933 and any state or local law requiring registration for offer or sale of a security or registration or licensing of an issuer of, Days of the Loom Hooded Sweatshirts Media Pocket large Red comfort and confidence our. Court in connection with bankruptcy Claims resolution these funds are not defined herein are defined the. Supplementary Data” of UCT Case Administration expenses, distribution Reserve for Allowed and Disputed Claims Liquidation... Record and eight additional potential Beneficial Interests the Companies law of the Loom 7 of! 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