VMI LIQUIDATING TRUST
(updated October 2020)
The bankruptcy estate of the VMI Liquidating Trust (successor to Valley Mortgage) has been fully administered, and the Chapter 11 bankruptcy case was closed on September 24, 2020.
The Trustee reached final adjudication of all actions commenced in its efforts to recover funds on behalf of the investors of Valley Mortgage in mid 2018. Approved claims totaled over $16,000,000, and holders of approved claims received between 4.5% and 5% of their claim amount. Final distribution checks were mailed on Friday, December 14, 2018.