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For a description of our assets please see the Portfolio section.

Maximizing recovery is the primary goal of every liquidating trustee. Bankruptcy Court for the Northern District of Texas then confirmed the plan and the Court established the PR Liquidating Trust with Milo Segner as liquidating trustee.

From the founding until the Great Depression, every time the Senate took a substantial, non-holiday intra-session recess, the President made recess appointments. In any event, by 1862 Attorney General Bates could still refer to "the unbroken acquiescence of the Senate" in support of the broad interpretation. But our deference to the Senate cannot be absolute. the business of legislating" then it might be in recess, even if it said it was not). Accordingly, we conclude that when the Senate declares that it is in session and possesses the capacity, under its own rules, to conduct business, it is in session for purposes of the Clause. Regardless, the Recess Appointments Clause is not designed to overcome serious institutional friction. 3, 1795 121 4th S June 8, 1795 June 26, 1795 19 1 Dec.

President Andrew Johnson made the first documented intra-session recess appointments in 18, and Presidents made similar appointments in 19. When the Senate is without the Senators that if the Senate had left the Capitol and "effectively given up . In that circumstance, the Senate is not simply unlikely or unwilling to act upon nominations of the President. This purpose would count for little were we to treat the Senate as though it were in session even when it lacks the ability to provide its "advice and consent." Art. Applying this standard, we find that the sessions were sessions for purposes of the Clause. The Journal of the Senate and the Congressional Record indicate that the Senate convened for a series of twice-weekly "sessions" from December 20 through January 20. It simply provides a subsidiary method for appointing officials when the Senate is away during a recess. That structure foresees resolution not only through judicial interpretation and compromise among the branches but also by the ballot box.

is a limited liability company formed to complete the liquidation of New York REIT.

Our sole business objective is to orderly dispose of the assets assigned to us by New York REIT.

The longstanding "practice of the government," There is a great deal of history to consider here, for Presidents have made recess appointments since the beginning of the Republic. The precise date on which 2 of the vacancies arose could not be determined. Taken together, we think it is a fair inference that a large proportion of the recess appointments in the history of the Nation have filled pre-existing vacancies. Early on, there was some sporadic disagreement with the broad interpretation. as a salary, to any person appointed during the recess of the Senate, to fill a vacancy . We hold that, for purposes of the Recess Appointments Clause, the Senate is in session when it says it is, provided that, under its own rules, it retains the capacity to transact Senate business. The standard we apply is consistent with the Constitution's broad delegation of authority to the Senate to determine how and when to conduct its business. And we have held that "all matters of method are open to the determination" of the Senate, as long as there is "a reasonable relation between the mode or method of proceeding established by the rule and the result which is sought to be attained" and the rule does not "ignore constitutional restraints or violate fundamental rights." , 144 U. The Constitution thus gives the Senate wide latitude to determine whether and when to have a session, as well as how to conduct the session. Where political controversy is serious, the Senate unquestionably has other methods of preventing recess appointments. In May, 2010, 93 percent of investors approved a liquidation plan for Provident Royalties, LLC. Winthrop Realty Liquidating Trust, was formed to complete the liquidation of Winthrop Realty Trust, a Boston and New York-based real estate investment trust that was publicly traded on the New York Stock Exchange under the symbol “FUR”. Department of Defense from the calculation of an individual debtor's disposable income used for bankruptcy means testing.Currently, Social Security disability benefits are excluded from income under the bankruptcy means test, and the HAVEN Act will rectify the unequal treatment of various disability benefits under bankruptcy law.

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