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Local Corporation Case Dismissed

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The U.S. Bankruptcy Court issued an order (1) authorizing Local Corporation to distribute funds to creditors and (2) dismissing its Chapter 11 case.

The order states, “The Debtor is authorized to distribute funds in accordance with the Estimated Distribution Schedule attached as Exhibit ‘1’ to the Cragun Declaration, as amended by the Supplemental Cragun Declaration, pursuant to the disposition of the case as described in the Motion; The above-captioned case is dismissed, effective on the date that all orders and judgments relative to the adjudication, settlement, or other resolution of avoidance actions and other pending disputes become final.”

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