PLEASE TAKE NOTICE that a hearing on the motion to approve Thorpe Insulation Settlement Trust’s Sixth Annual Report and Accounting is scheduled for Wednesday, June 8, 2016 at 2:00 p.m. before United States Bankruptcy Court Judge, the Honorable Sheri Bluebond, at the United States Bankruptcy Court for the Central District of California, Los Angeles Division, located at 255 East Temple Street, 14th Floor, Los Angeles, California 90012 in Courtroom 1475.
Timing of Requests for Consideration at Trustees’ Meetings
Any requests for revisions to Trust policies or procedures, physician certification, modifications to an approved list, and/or TDP/Matrix interpretations or questions to be considered during the September 2016 Trustees’ meeting must be received by the Trust on or before Friday, August 5, 2016.
The schedule for requests to be considered at future Trustees’ meetings is as follows:
Trustees’ Meeting Deadline for Requests
November 2016 Friday, October 7, 2016
February 2017 Friday. January 6, 2017
April 2017 Friday, March 10, 2017
September 2017 Friday, August 11, 2017
November 2017 Friday, October 6, 2017
Funds Received Ratio
The Trustees, with the consent of the TAC and the Futures Representative, have increased the Funds Received Ratio from 30.5% to 43.6% of the total liquidated claim value. After necessary updates to the claims processing system and payment procedures have been completed, claims will be paid in accordance with this change. All eligible previously paid claims, including pre-petition liquidated claims, should receive the additional amounts due as a result of this Funds Received Ratio increase by the end of May, 2016.