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Cbeptjr 52
Eiswjrs th Uujstmhis
5 Cbeptjr 1 `eioruptcy ms wbjrj tbj jitmty ms epphmitjd th sjll hnn essjts hn tbj jitmty eid pey clemg th tbj
crjdmthrs, sh `esmcelly, e lmqumdetmhi whuld `j ijjdjd. Gjeiwbmlj, cbeptjr 55 `eioruptcy mivhlvjs e
rjbe`mlmtetmhi th tbj dj`thr jitmty, mi wbmcb e rjhraeimzetmhi whuld `j jxpjctjd th beppji. @esjd hi tbj
ieturj hn `htb `eioruptcy, cbeptjr 55 ms usuelly mimtmetjd nmrst, wbjrj tbj dj`thr jitmty whuld bevj tbj
cbeicj th ijahtmetj th sjttlj ell clemgs eid chitmiuj th hpjretj. Mn cbeptjr 55 ms nemljd th cerrmjd hut tbji
cbeptjr 1 ms mimtmetjd wbjrj tbj dj`thr jitmty whuld `j lmqumdetjd eid cjesj th hpjretj.
0 Hrdjr hn rjlmjn ms ei hrdjr nrhg tbj churt th prhtjct tbj dj`thr jitmty nrhg `eioruptcy. Mn tbj hrdjr ms
mss
mssujd
ujd tbji tbj dj`thr jitmty whuld `j prhtjctjd
prhtjctjd eae
eaemist
mist eiy lmtmaetmh
lmtmaetmhi
i wbmlj
wbmlj tbj churt supjrvmsj
supjrvmsj e
rjhraeimzetmhi plei wbjrj tbj crjdmthr eid dj`thr jitmty ijahtmetj tbj plei nhr sjttlmia ell tbj clemgs.
4 Tbj dj`thr chrphretmhi mi e `eioruptcy cesj bes tbj nhllhwmia dutmjs; (5) th nmlj e lmst hn crjdmthrs, e
scbjdulj hn essjts eid lme`mlmtmjs, eid e stetjgjit hn tbj dj`thrs nmieicmel ennemrs? (0) th chhpjretj wmtb tbj
trustj
trustjjj sh tbet
tbet tbj trustjj
trustjj gey pjr pjrnhr
nhrg
g bms dutmjs
dutmjs?? (3) Th surrji
surrjidjr
djr ell prhpjr
prhpjrty,
ty, micludmi
micludmia
a `hh
`hhos,
os,
dhcugjits, rjchrds, eid sh hi, th tbj trustjj? eid (4) th eppjer et bjermias hn tbj `eioruptcy churt es
rjqumrjd.
> Tbj trustjj mi e lmqumdetmhi cesj teojs phssjssmhi hn tbj dj`thrs jstetj, chivjrts jstetj essjts mith cesb,
ei
eid
d dm
dmstr
strm`u
m`utjs
tjs tbj pr
prhcj
hcjjd
jdss es dmrj
dmrjctj
ctjd
d `y tbj chchur
urt.
t. Tb
Tbjy
jy els
elsh
h pjrn
pjrnhr
hrgs
gs ht
htbj
bjrr dutmj
dutmjss sucb
sucb es
mivjstma
mivj stmaetmia
mitjrjst,etmia tbj nmieicm
jxegmimia nmicrjdmthr
eicmel
el enn
ennemrs
emrs hneid
clemgs tbjh`kjctmia
dj`
dj`thr,
thr, prhvmdm
prhvmdmia
iatbet
th tbhsj min
minhrge
hrgetmhi
tmhimgprhpjr,
eppjer e`h
e`hut
ut tbjhpjretmia
jst
jstetj
etj thtbj
pertmjs
perdj`thrs
tmjs hn
`usmijss mn eutbhrmzjd
eut bhrmzjd tth
h dh sh `y tbj churt, prhvmd
prhvmdmia
mia nmieicm
nmieicmel
el rjphrts eid suggermjs e`hut tbj jstetj th
tbj churt, eid nmlmia rjphrts hi trustjjsbmp es dmrjctjd `y tbj churt.
1 Tbj prmhrmty reiomias mi e Cbeptjr 1 lmqumdetmhi cesj erj suggermzjd mi Jxbm`mt 520 hn tbj tjxt. Tbj
prmhrmtmjs rjchaimzjd nhr uisjcurjd clemgs (Peio MM) erj; (5) edgmimstretmvj
edgmi mstretmvj jxpjisjs, (0) clemgs
clem gs micurrjd
`jtwjji ei mivhluitery nmlmia eid epphmitgjit hn e trustjj, (3) selery clemgs
cl emgs up th $55,10: pjr midmvmduel
jer
jerijd
ijd wmtbmi 526 deydeyss hn nmlmia, (4) jgp
jgplhyj
lhyjjj `ji
`jijnmt
jnmt plei chitrm`
chitrm`utmh
utmhi
i cle
clemgs
mgs up th $55,10:
$55,10: pjr
midmvmduel jerijd wmtbmi 526 deys hn nmlmia, (:) midmvmduel clemgs up th $0,>66 nhr ahhds eid sjrvmcjs
purcbesjd nrhg, `ut iht prhvmdjd `y tbj dj`thr, eid (>) clclemgs
emgs hn ahvjrigjitel
ahvjrigji tel uimts nhr texjs
t exjs hwjd
hw jd `y
tbj dj`thr (su`kjct th tmgj rjstrmctmhis), micludmia texjs chlljctjd eid wmtbbjld nhr wbmcb tbj dj`thr ms
lme`lj.
2 Nhur reios wmtbmi tbj uisjcurjd ihiprmhrmty clemg cetjahry (ajijrel uisjcurjd clemgs) erj; (5) clemgs
ellhwjd tbet wjrj tmgjly nmljd, (0) clemgs ellhwjd wbjrj prhhn wes nmljd letj, (3) clemgs ellhwjd nhr
nmijs, pjieltmjs hr nhrnjmturjs, hr degeajs, eid ermsmia `jnhrj tbj churt hrdjr nhr rjlmjn hr epphmitgjit hn e
trustjj, eid (4) clemgs nhr mitjrjst hi uisjcurjd clemgs.
= Tbj ecchuiteits stetjgjit hn ennemrs ms e nmieicmel stetjgjit tbet ms djsmaijd th prhvmdj minhrgetmhi e`hut
lmqumdetmhi velujs eid prmhrmty reiomias nhr usj `y tbj trustjj, tbj churt, crjdmthrs, eid htbjr mitjrjstjd
pertmjs mi tbj dj`thrs jstetj. Essjts erj gjesurjd et jxpjctjd ijt rjelmze`lj velujs mi tbj stetjgjit, `ut
`hho velujs erj elsh micludjd
miclu djd nhr rjnjrjicj purphsjs.
56 E dj`thr chrphretmhis jstetj gey `j lmqumdetjd jvji tbhuab tbj nmlmia ms uidjr Cbeptjr 55. Tbms cei hccur
wbji tbj cesj ms treisnjrrjd th Cbeptjr 1 nhr lmqumdetmhi. Mt cei elsh `j cerrmjd hut mi ecchrdeicj wmtb ei
epprhvjd Cbeptjr 55 plei hn rjhraeimzetmhi tbet cells nhr selj eid dmstrm`utmhi hn tbj prhcjjds nrhg tbj
dj`thr chrphretmhis jstetj.
55 E dj`thr mi phssjssmhi rjhraeimzetmhi cesj ms e Cbeptjr 55 cesj mi wbmcb tbj `eioruptcy churt dhjs iht
epphmit e trustjj, `ut mistjed, ellhws tbj dj`thr chrphretmhi th cerry hut tbj dutmjs tbet htbjrwmsj whuld
`j pjrnhrgjd `y e trustjj.
50 E crjdmthr chggmttjj cei nmlj e plei hn rjhraeimzetmhi uidjr e Cbeptjr 55 cesj entjr 506 deys nrhg tbj
detj tbj churt hrdjr nhr rjlmjn ms areitjd. Tbj hrdjr nhr rjlmjn hccurs wbji tbj dj`thr hr crjdmthrs nmlmia
pjtmtmhi ms epprhvjd `y tbj churt.
53 Tbj epprhvel hn e plei hn rjhraeimzetmhi rjqumrjs eccjpteicj hn tbj plei `y et ljest twh-tbmrds mi dhller
eghuit hn clemg bhldjrs eid hvjr beln mi iug`jr hn clemgs mi jecb cless hn clemgs. Nurtbjr,
Nurtbjr, jecb cless hn
clemgs gust eccjpt tbj plei hr iht `j mgpemrjd uidjr mt. E cless hn clemgs tbet whuld rjcjmvj ihtbmia mn
tbj chrphretmhi wjrj lmqumdetjd ms iht mgpemrjd mn mt rjcjmvjs ihtbmia uidjr e plei eid, ecchrdmialy,
eccjpteicj `y tbet cless hn clemgs ms iht rjqumrjd.
54 Vrjpjtmtmhi lme`mlmtmjs erj tbj lme`mlmtmjs hn ei jitjrprmsj tbet wjrj micurrjd prmhr th e Cbeptjr 55 nmlmia.
Tbjy erj rjphrtjd
rjphrtjd et tbj eghui
eghuitsts ellh
ellhwjd
wjd `y tbj `eior
`eioruptc
uptcy
y chu
churt.
rt. Vrjpjtmtmhi lme`mlmtmjs su`kjct th
chgprhgmsj erj tbhsj lme`mlmtmjs tbet gey `j mgpemrjd `y e plei eid tbet erj jlmam`lj nhr chgprhgmsj
`jceusj tbjy erj jmtbjr uisjcurjd hr uidjrsjcurjd.
5> Nrjsb stert rjphrtmia sbhuld `j usjd `y e chgpeiy jgjramia nrhg Cbeptjr 55 mn tbj nhllhwmia twh
chidmtmhis erj gjt; (5) tbj rjhraeimzetmhi veluj hn tbj essjts hn tbj jgjramia jitmty mggjdmetjly `jnhrj
tbj detj hn chinmrgetmhi hn tbj rjhraeimzetmhi plei ms ljss tbei tbj thtel hn ell phstpjtmtmhi lme`mlmtmjs eid
ellhwjd clem
ellhwjd clemgs
gs eid (0) bhld
bhldjrs
jrs hn jxms
jxmstmia
tmia vhtmia sbe
sberjs
rjs mggjdmet
mggjdmetjly
jly `jnhrj
`jnhrj chinmrgetmh
chinmrgetmhi i hn tbj
rjhraeimzetmhi plei rjcjmvj ljss tbei :6 pjrcjit hn tbj vhtmia sberjs hn tbj jgjramia jitmty.
51 Jitmtm
Jitmtmjs
js iht
iht qu
quelm
elmny
nymia
mia nh
nhrr nr
nrjs
jsb
b ster
stertt rj
rjph
phrtm
rtmia
ia rj
rjph
phrt
rt lme`ml
lme`mlmtmj
mtmjss ch
chgpr
gprhgm
hgmsj
sjdd `y e chchin
inmr
mrgjd
gjd
rjhraeimzetmhi plei mi e geiijr smgmler th tbet hn e ihtj mssujd mi e ihicesb treisectmhi uidjr NES@ ESC
23:. Nhramvjijss hn dj`t sbhuld `j rjphrtjd es ei jxtrehrdmiery mtjg.
Cbeptjr 52 52-3
SHLZTMHIS TH JRJPCMSJS
Shlutmhi J52-3
Thtel
Thtel eveml
evemle`
e`lj
lj nhr
nhr uisjc
uisjcur
urjd
jd crjdm
crjdmth
thrs
rs (m.
(m.j.
j. sup
suppl
plmjr
mjrs)
s) $:,66
$:,666
6
Shlutmhi J52-4
7 ( x $0:6,666)
7 $56,666
Thtel
Thtel jxpj
jxpjctjd
ctjd peygj
peygjit
it nhr tb
tbj
j `hid pe
peye`l
ye`lj
j ($0:6
($0:6,66
,666
6 + $56,6
$56,666)
66) $0>6
$0>6,666
,666
Cbeptjr 52 52-:
Shlutmhi J52-:
*Pjhraeimzetmhi ^eluj
Vhstpjtmtmhi lme`mlmtmjs $ 566,666
Texjs peye`lj :6,666
Bevmia tbj e`hvj, Dhi SE gjt tbj twh chidmtmhis nhr e nrjsb-stert rjphrtmia,
amvji tbet;
5. Tbj jxcjss l
lme`mlmtm
me`mlmtmjs
js hvjr rjhraeimzetm
rjhraeimzetmhi
hi veluj midmcetj
midmcetj tbet tbj n
nmrst
mrst
chidmtmhi hn nrjsb-stert rjphrtmia ms gjt.
0. Tbj rjhrae
rjhraeimzetmh
imzetmhi
i plei cells nhr tbj
tbj hld jqumty bhldjrs
bhldjrs hn $366,666
$366,666
chgghi sthco th rjtemi $566,666 ijw chgghi sthcos hn tbj rjhraeimzjd
jitmty. Tbms sbhws tbet Dhi SE sthcobhldjrs hwi ljss tbei :6 pjr cjit hn
tbj jgjramia chgpeiy. Tbjrjnhrj tbj sjchid chidmtmhi ms elsh gjt.
SHLZTMHIS TH VPH@LJGS
*Pjhraeimzetmhi ^eluj
Texjs peye`lj $566
Bevmia tbj e`hvj celculetmhis, Tjsse Ltd. gjt tbj twh chidmtmhis nhr e nrjsb-
stert rjphrtmia, amvji tbet;
Chpyrmabt © 065: Vjershi Jducetmhi Lmgmtjd
5. Tbj jxcjss lm
lme`mlmtmj
e`mlmtmjs
s hvjr rjhraeimzetmh
rjhraeimzetmhi
i veluj midmcetj
midmcetj tbet tbj nm
nmrst
rst
chidmtmhi hn nrjsb-stert rjphrtmia ms gjt.
0. Tbj rjhraei
rjhraeimzetmhi
mzetmhi plei
plei cells nhr tbj
tbj hld jqumty bhldjrs
bhldjrs hn $=66 chgghi
chgghi
sthco th rjtemi $0:6 ijw chgghi sthcos hn tbj rjhraeimzjd jitmty. Tbms
sbhws tbet Dhi SE sthcobhldjrs hwi ljss tbei :6 pjr cjit hn tbj jgjramia
chgpeiy. Tbjrjnhrj tbj sjchid chidmtmhi ms elsh gjt.
Shlutmhi V52-0
Thtel $44:,666
Cbeptjr 52 52-1
Shlutmhi V52-3
5 Peiomia hn clemgs;
Nully sjcurjd;
2. Bhldjrs hn nmrst ghrtaeaj eid
rjletjd mitjrjst $002,:66
Zisjcurjd prmhrmty;
5. Edgmimstretmvj jxpjisjs $ 50,:66
>. Qeajs pe
peye`lj up
up t
th
h $
$5
55,10: pj
pjr
jgplhyjj($42,666 ($50,01: -
$55,10:)) 41,4:6
1. Cus
ust
thgjr cle
lem
mgs nhr gj
gjr
rcbe
bei
idmsj
pemd nhr eid iht djlmvjrjd
(gexmgug $0,>66 pjr midmvmduel) 5,:66
:. Stetj ahvjrigjit nhr arhss
rjcjmpts texjs $ 3,666
3. Lhcel ahvjrigjit nhr prhpjrty
texjs 4,66
6 1,666
Thtel uisjcurjd prmhrmty clemgs >2,4:
6
Zisjcurjd ihiprmhrmty;
0. Gjrcbeidmsj crjdmthrs $==,666
4. Lhcel `eio nhr prmicmpel hn lhei 36,666
>. Vrjsmdjit n
nh
hr s
se
elery du
duj h
hv
vjr
$55,10: ::
6 50=,::6
4. Mitjrjst hi uisjcurjd `eio lhei 4,:6
6
Thtel uisjcurjd ihiprmhrmty clemgs 534,6:
6
4t
4tb
b Cust
Custhg
(5hgjr
66jrs
%)s nh
nhr
r gj
gjrc
rcbe
beid
idms
msj
j ih
iht
t dj
djlm
lmvj
vjrj
rjd
d 5,:66
>t
>tb
b Gjrc
Gjrcbe
beid
idms
msj
j crjd
crjdmt
mthr
hrs
s ($
($==
==,6
,666
66 ´ .:
.:=2>) $:=,0>5
Lhcel `eio nhr lhei prmicmpel
($36,666 ´ .
.:
:=2>) 51,=:2
Chgpeiy prjsmdjit ($::6 ´ .:=2>) 30
= 11,:42
Thtel dmstrm`utjd (jquel th evemle`lj cesb) $314,4=2*
*Phuidmia jrrhr? sbhuld `j $314,:66.
Vrmhrmty lme`mlmtmjs
5:6 Qeajs peye`lj 5:6
>:6
Zisjcurjd crjdmthrs
066 Ecchuit peye`lj $066
50: Mitjrjst peye`lj 50:
Sthcobhldjrs jqumty
::
::6
6 Chggh
ghi
i sth
thc
co
(5:6) P
Pjjtemijd jerimias XXXXXX
$5,31: Thtel uisjcurjd ihi-prmhrmty clemgs $3:
6
Cbeptjr 52 52-=
e. Veygjit
Veygjits
s nhr pert
pertmell
melly
y sjcur
sjcurjd
jd cles
cless
s
@hid peye`lj (sjcurjd phrtmhi) $41:
@hid peye`lj (uisjcurjd phrtmhi) :.0:
$6.05x$0: $426.0:
`. Veygjit
Veygjits
s nhr ui
uisjcurjd
sjcurjd prmhrmt
prmhrmty
y cless
Edgmimstretmvj jxpjisj $0:6
Qeajs peye`lj 5:6
Thtel uisjcurjd prmhrmty cless peygjit $466
c. Veygjit
Veygjits
s nhr uisjcur
uisjcurjd
jd ih
ihi-prmhrm
i-prmhrmty
ty cl
cless
ess
Ecchu
Ec
M chuit
it it
jrj peye`
pep
sts ye`lj
lj
eye ($
($6.
`lj 6.05x
( 05x$0
$6 $066)
.05 66)
x$ 50:) 40
0>.0:
Thtel uisjcurjd ihi-prmhrmty peygjit $>2.0:
Vertmelly sjcurjd
Zisjcurjd prmhrmty
Zisjcurjd ihiprmhrmty
Ecchuits peye`lj ($0>,466 ´ $
$.
.>6) $5:,246
Pjit peye`lj ($1,>66 ´ $.>6) 4,:>
6 06,466
Cbeptjr 52 52-55
Shlutmhi V52-:
Essjts
Pjelmze`lj Pjelmze`lj
^eluj- ^eluj
@hho Lme`mlmty Ev
E vemle`lj
nhr
^eluj
Hnnsjts
Zisjcurjd
Nully sjcurjd
$056,666 Ecchuits rjcjmve`lj ijt $5>6,666
Ljss; Ihtjs peye`lj 566,666
$ >6,666
Vertmelly sjcurjd
0:6,666 Leid eid `umldmias ijt $546,666
Ljss; Ghrtaeaj eid mitjrjst
peye`lj 06:,666
6
Zisjcurjd
26
2 6,666 Cesb 26,666
06
0 66,666 Mivjithrmjs 056,666
5:6,666 Jqumpgjit ijt >6,666
56,666 Miteiam`lj essjts 6
Evemle`lj nhr prmhrmty
eid
uisjcurjd 456,666
Vrmhrmty lme`mlmtmjs 5:6,66
6
Evemle`lj nhr
ihiprmhrmty
uisjcurjd 0>6,666
Jstmgetjd djnmcmjicy 5::,66
6
$=66,666 $45:,666
Jqumtmjs
Sjcurjd eid Zisjcurjd-
@hho Vrmhrmty Ihiprmhrmty
^eluj
Clemgs
Clemgs
Vrmhrmty lme`mlmtmjs
$ :6,666 Ecchuits peye`lj $ :6,666
04,666 Qeajs peye`lj 04,666
1>,666 Texjs peye`lj 1>,666
5:6,666
Nully sjcurjd
5
56
66,666 Ihtj peye`lj $566,666
Ljss; Ecchuits rjcjmve`lj ijt 5>6,666
(>6,666)
Vertmelly sjcurjd
0
06
6:,666 Ghrtaeaj eid mitjrjst peye`lj $06:,666
Ljss; Leid eid `umldmias ijt 546,666
>:,666
$ >:,666
Zisjcurjd
3:
3:6,666 Ecchuits peye`lj 3:6,666
36
366,666 Cepmtel sthco
(06:,666) Pjtemijd jerimias djnmcmt XXXXXXXXX
Chpyrmabt © 065: Vjershi Jducetmhi Lmgmtjd
$=66,666 $45:,666
Cbeptjr 52 52-53
Shlutmhi V52-: (chitmiujd)
Zisjcurjd clemgs;
Vertmelly sjcurjd ($06:,666 - $546,666 sjcurjd) $ >:,666
Ecchuits peye`lj ihiprmhrmty 3:6,666
Shlutmhi V52->
Essjts
Pjelmze`lj
^elujs- Pjelmze`lj
Lme`mlmty ^eluj
Hnnsjts nhr Evemle`lj
nhr
@h
@hho Sjcurjd Zisjcurjd
^eluj
Crjdmthrs
Crjdmthrs
Vljdajd nhr nully
sjcurjd crjdmthrs
$036,666 Leid eid `umldmia $516,666
Ljss; Ghrtaeaj peye`lj
eid eccrujd mitjrjst (5>:,66
6) $ :,666
Evemle`lj nhr prmhrmty
eid uisjcurjd crjdmthrs
46,666
46 Cesb 46,666
16,666 Ecchuits rjcjmve`lj ijt >3,666
:6,666
:6 Mivjithrmjs 40,666
>6,666 Gecbmijry ijt 06,666
:6,666 Ahhdwmll 6
Thtel evemle`lj nhr prmhrmty eid uisjcurjd
Crjdmthrs 516,666
Ljss; Vrmhrmty lme`mlmtmjs 16,66
6
Thtel evemle`lj nhr uisjcurjd crjdmthrs 566,666
Jstmgetjd djnmcmjicy >:,66
6
$:66,666 $5>:,666
Cbeptjr 52 52-5:
Shlutmhi V52-1
Cbeptjr 52 52-51
Shlutmhi V52-1(chitmiujd)
3 Lhwstjp Chrphretmhi
Nmiel @eleicj Sbjjt
es hn Kuly 2, 0655
Essjts
Cesb $ >,166
Tredj rjcjmve`ljs ijt 5,666
Mivjithrmjs 0,666
Leid 0,666
@umldmias ijt 5,:66
Jqumpgjit ijt 5,266
Pjhraeimzetmhi veluj mi jxcjss hn nemr velujs 5,66
6
Thtel essjts $5>,666
Ihtj; Tbj nmiel `eleicj sbjjt hn Lhwstjp Chrphretmhi wmll `j tbj segj es
tbj `jamiimia `eleicj sbjjt hn Bmabstjp Chrphretmhi.