Liquidation

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1. What does a FRIA Liquidation Order do to a juridical debtor under Section113(a)?
2. Pending a liquidator's election or appointment, where does Section113(b) vest the relevant legal title and control of d…
3. Does the Liquidation Order automatically extinguish every secured creditor's lien?
4. After a Liquidation Order, an unsecured creditor seeks a new separate collection action for a claim against the debtor …
5. A liquidator wants a debtor contract to continue rather than be treated as terminated or breached under Section113(c). …
6. A machine owned by a third party was held by the debtor solely under bailment when proceedings began. Ownership is undi…
7. A secured lender argues that preservation of its lien under Section114 authorizes immediate foreclosure on the day a Li…
8. Explain the choices Section114 gives a secured creditor in liquidation.
9. Why does liquidation not mean that all property physically possessed by the debtor may be distributed to its creditors?
10. Distinguish orderly liquidation from automatic cancellation of all creditor claims upon the juridical debtor's dissolut…
11. Before assuming duties, what must a FRIA liquidator do under Section 117?
12. Under Section 121, how often must the liquidator ordinarily report money received and disbursements to the court?