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Motion for Appointment of Special Master Receiver to Dissolve...
Omaha Nebraska Motion for Appointment of Special Master Receiver to Dissolve Partnership, Dispose of Assets and Settle all Affairs as to Assets and Liabilities
Defendant/Counter-Plaintiff files a motion for the appointment of a special master/receiver for the purpose of the dissolution of the partnership, disposition of assets, payment of liabilities, and settlement of partnership affairs. Since the dissolution, plaintiff/counter-defendant and defendant/counter-plaintiff had been unable to agree on the disposition of the partnership assets, liabilities, and settlement of its affairs.
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Interesting Questions
The timeline can vary widely depending on the complexity of the partnership and the assets involved. Sometimes it can be a quick trip, while other times it may feel like a long road.
Liabilities often include debts, obligations to vendors or employees, and any pending lawsuits. It’s important to clear these up to avoid future headaches.
Partners can still have a say, but it'll mainly be up to the Special Master Receiver to make the final calls. Think of it like being in a car, but someone else is driving.
The Special Master Receiver will take control of the assets to make sure they're handled properly. They'll inventory what's there and figure out the best way to sell or distribute them amongst the partners.
The court looks at the situation and sees if appointing someone to manage the partnership’s business is necessary. It's like calling in a referee when the players can't agree on the rules.
Partnerships may need to dissolve for various reasons, like disagreements between partners, business struggles, or just a change in direction. Sometimes it's better to part ways rather than fight it out.
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Omaha Nebraska Motion for Appointment of Special Master Receiver to Dissolve Partnership, Dispose of Assets and Settle all Affairs as to Assets and Liabilities
Motion for Appointment of Special Master Receiver to Dissolve Partnership, Dispose of Assets and Settle all Affairs as to Assets and Liabilities
Legal definition
Motion for Appointment of Special Master Receiver to Dissolve Partnership, Dispose of Assets and Settle all Affairs as to Assets and Liabilities
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