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His decision to set a firm deadline helped avoid new delays and brought the payout process to a rapid close.
Federal District Judge Carl Barbier said he found no reason to reverse his decision last month to uphold the payout process.
A group of hedge funds and other companies that held MF Global bonds at the time of the bankruptcy recently introduced a plan to liquidate the firm's remains and accelerate the payout process.
A federal judge denied an attempt by BP to suspend payments to people and businesses claiming damages related to the 2010 Gulf of Mexico oil spill while an investigator looks into possible misconduct in the payout process.
Responding to the resignations, the New York federal judge who oversees the payout process made remarks critical of Swiss banks, which in turn further stoked a six-year-old controversy about whether the banks should have been required to repay money from dormant accounts.
Fig. 3 Policy Deployment for customer payout process.
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Yo! Time, a Harare-based start-up that simplifies these retailer-to-shopper airtime payouts, processes more than 9,000 payouts a day for clients; six months ago the figure was 2,000.The use of airtime as currency is fuelled by the growing ease of sending minutes abroad.
Transactions will always carry risk, but with enough care, digital payment services can remove the last vestiges of risk from digital checks, giving businesses even more certainty about their payouts and collections process.
Payout time for this process, with an OCM plant, is around 4 years.
"The uncertainty of the payout from the bankruptcy process creates an opportunity and potentially big returns".
We will process your payout request and send your check within 7 business days.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com