Sometimes they know exactly where that 7 cash deposit came from, but prefer the lender not know—even if not knowing means their loan approval is in jeopardy.So do not blame your loan officer, who is just following guidelines when he has to verify your assets.If your practice is to cash your paycheck, pay your bills with the cash, and deposit the leftover money into the bank, stop right now.
They do this by reviewing the two most recent statements for any accounts listed on the application.
The Liquidating Trust, through its agents, shall wind down the affairs of and dissolve the Debtors and their subsidiaries including the Non-Debtor subsidiaries.
The most current financial information can be found in the Consolidated Financial Statements section of this website. Ray III was appointed Liquidating Trust Manager (“LTM”) on November 18, 2016. Ray served as Chief Counsel to the Trust from September 2015. Ray is Senior Managing Director of Greylock Partners, LLC. Ray has served in various capacities with respect to Chapter 11 bankruptcy estates. Ray served as Chief Restructuring Officer of Overseas Shipping Group and from 2014 to 2015, Chairman of the Board of Overseas Shipping Group. Ray has served as the principal officer of Nortel Networks, Inc. Ray served as the Chairman of the Restructuring Committee of the Board of GT Technologies. Ray was Chairman of the post confirmation Board of Enron Corporation and, from 2005 to 2009, President of post confirmation Enron Corporation.
The Res Cap Liquidating Trust was established in December 2013 under the Second Amended Joint Chapter 11 Plan of Residential Capital, LLC, et al.
to liquidate and distribute assets of the debtors in the Res Cap bankruptcy case.