Originally Posted by
Releasemaster
Thank you Winglet for the update. The status conference is where MAG and DL will update the court on the preperations for the upcoming hearing, correct?
Releasemaster,
Correct. A
Status Conference has the possibility to be interesting because a range of items could be revealed including:
-- new discovery issues
-- new motions
-- new negotiations for settlement
-- schedule and length of proceedings
-- Judge's impressions
Originally Posted by
Releasemaster
Also, isn't there an actual date when MAG will have to present its books to the court?
MAG has received a deadline on providing financial reports to the court;
"until the later of March 5th or five days prior to the Section 341 Meeting". The date of the Section 341 Meeting has been scheduled for Feb. 26th (Docket 206 2/1/2010).
MEETING OF CREDITORS
Date: Friday, February 26, 2010
Location: Office of the United States Trustee
80 Broad Street, 4th Floor
New York, New York 1004
Time: 1:00 p.m. (EDT)
Originally Posted by
Releasemaster
For fact numerous muncipalities have claimed over 4 mil in unpaid taxes againsit Mesa. I assume most of those taxes are for landing and airport usage fees.
Correct. These taxes are most likely
priority claims. Most taxes under Chapter 11 are not dischargeable. They will eventually have to be paid (or negotiated).
On that note, there are now a total of 62 claims ranging from $69.46 to $2,857,793.39.
The Creditor service list has also been compiled revealing 11,693 Creditors. Check the names, you may be on the list
.
winglet