In re People

A plan for the reorganization of Lawyers Mortgage Company, previously approved by this court, provides that “ as the first step in reorganization, the Reorganization Managers shall, immediately upon their qualification, request the Superintendent to apply to the Court for an order to liquidate Lawyers Mortgage Company pursuant to Article XI of the Insurance Law upon such grounds as in the Superintendent’s opinion are material, and to include in his petition a request that the Court fix the minimum statutory period for the filing of claims, fix the final date for the filing of trust claims,…