April 30, 2008

• Judge Hollowell's Proposed Chapter 13 Standing Order to Include Conduit Payments on Residential Mortgages When Debtor is in Default
  
  The Hon. Eileen Hollowell is considering the adoption of a Standing Order to apply in Chapter 13 cases in which she is the assigned judge. The Standing Order would require the Debtor to make "conduit payments" through the Chapter 13 Plan to a creditor holding a claim secured by the Debtor's principal residence. The Standing Order would apply if Debtor was delinquent in making payments as of the petition date or became delinquent after the Chapter 13 petition was filed. Links to the proposed Standing Order and Exhibits A - H are found below.
  
  The court is interested in receiving comments on the proposed Standing Order. Comments may be e-mailed to:  Ch13Comments@azb.uscourts.gov and should be received by 5:00 p.m. on Wednesday May 28, 2008.
  
  On Wednesday, June 4, 2008 at 11:45 a.m. Courtroom 446, Judge Hollowell will be available to address the comments received and the court will entertain appearances from any interested person who has submitted a written comment in advance.
   
  • Proposed Conduit Mortgage Payments
  • Exhibit A
  • Exhibit B
  • Exhibit C
  • Exhibit D
  • Exhibit E
  • Exhibit F
  • Exhibit G
  • Exhibit H

April 29, 2008

• ECF Test Database Upgrade this Evening: The production version of ECF 3.2 is now available and we will be upgrading the Test database this evening. We will begin the upgrade at 5:30pm and should complete the upgrade by 9:00pm. During that time the Test database will be unavailable. The Test database was upgraded to the non-production version of 3.2 on April 9th and this update is necessary in order to complete the configuration changes, testing and documentation updates.

April 7, 2008

• ECF Training Database System Outage Planned for April 9: The ECF Train system will be upgraded to version 3.2 on Wednesday, April 9, 2008, between 5:30 pm and 8:30 pm. While the installation is in progress, the ECF Train system will not be available. You may also experience short disruptions in service for the ECF Live and Test systems. Please monitor the "System Outages" section of the ECF Homepage.

March 28, 2008

• ECF Service Interruption: The eOrders Module in ECF will undergo an update on Tuesday, April 1, from 5:30 pm until 8:30 pm. As a result, there will be intermittent periods when ECF will not be available during that time.

March 10, 2008

• First Magnus Financial Corporation - 2nd Amended Plan Has Been Confirmed
   
  The bankruptcy court held confirmation hearings in early February and on February 15, 2008 entered its Memorandum Decision. On February 28, 2008, an Order Confirming the Debtor's 2nd Amended Plan of Reorganization was signed and entered. The plan replaces the Debtor's current management with an advisory board, consisting of impartial representatives from the unsecured class of creditors. The board's principal duty will be to oversee the operation of two trusts. The Liquidation Trust is designed to most effectively manage and/or sell the Debtor's assets; the Trustee is Morris C. Aaron. The Litigation Trust is designed to analyze the numerous legal issues associated with the Debtor's pre-bankruptcy operations, as well as review claims for payment. The Litigation Trustee is Larry Lettig.
   
  The Confirmation Order indicates on page 11, paragraph 24: "Through a posting on the Court's web site, Creditors and parties in interest will receive notice of the entry of the Confirmation Order and notice of the occurrence of the Effective Date.
  
  Update: On April 28, 2008, notice was filed setting the effective date as May 1, 2008.
   
  Associated Documents:
  • Order Confirming 2nd Amended Plan
  • Court's Memorandum Decision
  • 2nd Amended Plan of Reorganization
  • Effective Date of Confirmed Second Amended Plan

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