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Posted by / 16-Oct-2019 11:45

A g a liquidating trust

Liquidation can occur when a company is insolvent and cannot pay its obligations when they come due, among other reasons.

As company operations end, remaining assets go to existing creditors and shareholders.

The company sold insulin pumps and insulin pump supplies, ostomy, catheter and CPAP supplies.

ATLS also operated as ATLS Healthcare Group, ATLS Lane Development Company, Inc., ATLS Marketplace, Inc., ATLS Medical Supply, Inc., FGST Investments, Inc., Liberty Medical Supply, Inc., National Diabetic Medical Supply, LLC, and Polymedica Corporation.

Oak Point Partners acquired the remnant assets of the ATLS Liquidating Trust of the ATLS Acquisition, LLC, et al. Inquiries regarding where to send: Overpayments, Undeliverable Funds, Insurance Refunds, Refunds, Warrants, Unclaimed Funds, Rebates, Uncashed Checks, Restitution, Credit Balance, Escheat, Judgment Balance, Abandoned Property, Settlement Proceeds, or any other funds belonging to ATLS Creditors’ Liquidating Trust.

Oak Point Partners acquired the remnant assets of the ATLS Creditors’ Liquidating Trust of the ATLS Acquisition, LLC, et al. On February 15, 2013, ATLS and its affiliates filed voluntary petitions under chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware, jointly administered under Case No. On July 15, 2015, the Court entered an order confirming the Debtors’ First Amended Joint Plan of Liquidation, pursuant to which the Trust was created and a trustee was vested with the power and duty to administer certain assets of the Debtors.

A liquidating dividend is distinguished from regular dividends that are issued from the company's operating profits or retained earnings.

A liquidating dividend may be made in one or more installments.

We are unable to assist with claim, warranty or product inquiries. Department of Labor Employee Benefits Security Administration (866-444-3272) or Pension Benefit Guaranty Corporation (800-400-7242).

We have no information about retirement or other employee benefit plans (e.g., profit sharing or pension plans). ATLS was a leading mail order provider for diabetes testing supplies.

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In the United States, a corporation paying out liquidating dividends will issue a Form 1099-DIV to all of its shareholders that details the amount of the distribution.