Friedman39s liquidating trust

Between November 2003 and May 2004, Friedman’s stock price lost more than half its value.On November 11, 2003, the stock closed at .99 per share.

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One possible component of a bankruptcy reorganization or liquidation is a liquidating trust.If the estate can't pay off the decedent's creditors, they may demand payment from the trust as well.Transfer the remaining assets in the trust to the designated beneficiaries. Following six weeks of trial – Bradley Stinn, age 47, – former CEO of Freidman’s, Inc. How often are those command heard and how tempting is it to make the wrong choices in order to please the investing public and Wall Street?You don't have to liquidate trust assets to distribute them, though you might have to do so in order to pay some of the trust bills.

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