Get Final Report And Application To Make Distribution - Texas ...

This guide aims to support users in completing the Final Report and Application to Make Distribution form for the state of Texas. By following the steps outlined, you can ensure that your application is submitted accurately and effectively online.

Follow the steps to complete the form efficiently.

1. Press the 'Get Form' button to obtain the document and open it in your preferred online editor.
2. Begin with the introduction section, where you will need to provide a brief overview of the application being submitted, including details about the receivership and any pertinent financial information regarding the Webb County Title & Abstract Company, Inc.
3. In the Authority section, indicate the statutory authority under which the application is being filed, specifically referencing Texas Insurance Code sections relevant to distribution approvals.
4. Provide a detailed background, including the company's history, the nature of the insolvency, and past claims processing that has occurred within the receivership.
5. Complete the financial statements field, incorporating required documentation such as the Statement of Net Assets and Liabilities, demonstrating the financial state of the WCTA as needed.
6. Fill out the assets section, detailing all known assets as of the filing date. Include an inventory of assets as well as a disposition of assets to show how assets were handled throughout the receivership.
7. Document all paid expenses related to the receivership and establish a reserve for estimated final expenses to ensure transparency in accounting.
8. Submit the claims section, itemizing all proofs of claims received against the estate. You will need to classify them based on the Texas Insurance Code.
9. Complete the proposed final distribution of assets section, detailing any remaining funds to be distributed to claimants with the highest priority.
10. At the final step, review your completed application thoroughly. Then, you can save changes, print the document for your records, and submit it online.

Complete your documents online today to ensure accurate and timely submissions.