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TierOne Corp., Ch. 7, BK10-41974-TLS (Oct. 2, 2012)

The proceeds of an insurance policy covering the debtor's directors and officers could be used to pay the settlement in a district court lawsuit. The debtor's interest in the proceeds was subordinate, so the disbursement of the proceeds would not affect the bankruptcy estate.

Date: 
Tuesday, October 2, 2012
Judge: 
Judge Thomas L. Saladino