Case 14-35043-bjh11 Doc 1569 Filed 09/16/16 Entered 09/16/16 17:23:26 Page 1 of 51 UNITED STATES BANKRUPTCY COURT FOR THE NORTHERN DISTRICT OF TEXAS DALLAS DIVISION In re: § § Case No. 14-35043 SAMUEL EVANS WYLY, et al., § § Chapter 11 Debtors § § Jointly Administered § AMENDED DISCLOSURE STATEMENT UNDER 11 U.S.C. § 1125 IN SUPPORT OF THE THIRD AMENDED CHAPTER 11 PLAN OF CAROLINE D. WYLY Judith W. Ross State Bar No. 21010670 Eric Soderlund State Bar No. 24037525 Lesley Ardemagni State Bar No. 24027341 Law Offices of Judith W. Ross 700 N. Pearl Street, Suite 1610 Dallas, Texas 75201 Telephone: 214-377-7879 Facsimile: 214-377-9409 Email:
[email protected] [email protected] [email protected] ATTORNEYS FOR DEBTOR AND DEBTOR IN POSSESSION CAROLINE D. WYLY IMPORTANT! THIS DISCLOSURE STATEMENT CONTAINS INFORMATION THAT MAY BEAR ON YOUR DECISION TO ACCEPT OR REJECT A CHAPTER 11 PLAN OF REORGANIZATION PROPOSED BY THE DEBTOR. PLEASE READ THIS DOCUMENT WITH CARE. Dated: September 16, 2016 Case 14-35043-bjh11 Doc 1569 Filed 09/16/16 Entered 09/16/16 17:23:26 Page 2 of 51 SUMMARY INFORMATION Plan Proponent: Caroline D. Wyly Plan Summary: The Plan provides for the creation of a Liquidating Trust and for certain of the Estate’s property and other property held by certain offshore trusts totaling a value of approximately $163,958,185 be transferred, through the Estate, to the Liquidating Trust to be distributed to Creditors in satisfaction of Allowed Claims pursuant to the priority provisions of the Bankruptcy Code.