Beneficial Interests

9 Months Ended

Mar. 31, 2023

Beneficial Interests [Abstract]

Beneficial Interests

10) Beneficial Interests

The following table summarizes the Liquidation Trust Interests (rounded) for the nine months ended March 31, 2023 and 2022 (unaudited):

	For the Nine Months Ended March 31,
	2023					2022
Liquidation Trust Interests	Class A			Class B		Class A			Class B
Outstanding at beginning of period		11,513,535			675,617		11,512,855			654,784
Allowed claims		1,348			-		4,976			-
5% enhancement for certain allowed claims		67			-		-			-
Settlement of claims by cancelling Liquidation Trust Interests		(760	)		-		(1,392	)		(167	)
Outstanding at end of period		11,514,190			675,617		11,516,439			654,617

Of the 11,514,190 Class A Interests outstanding at March 31, 2023, 11,436,259 are held by Qualifying Victims (Note 7).

At the Plan Effective Date, certain claims were disputed. As those disputed claims are resolved, additional Class A Interests and (if applicable) Class B Interests are issued on account of allowed claims or Class A Interests and (if applicable) Class B Interests are cancelled. No Class A Interests or Class B Interests are issued on account of disallowed claims. The following table summarizes the unresolved claims against the Debtors as they relate to Liquidation Trust Interests (rounded) for the nine months ended March 31, 2023 and 2022 (unaudited):

	For the Nine Months Ended March 31,
	2023					2022
Liquidation Trust Interests	Class A			Class B		Class A			Class B
Reserved for unresolved claims at beginning of period		90,793			333		124,609			5,011
Allowed claims		(1,348	)		-		(4,976	)		-
5% enhancement for certain allowed claims		-			-		-			-
Disallowed claims		(75,570	)		-		(28,840	)		(4,678	)
Reserved for unresolved claims at end of period		13,875			333		90,793			333

Of the 13,875 Class A Interests relating to unresolved claims at March 31, 2023, 1,880 would be held by Qualifying Victims (Note 7).