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§§ 6901 et seq.), that requires Apex to clean up a contaminated site in Hartford, Illinois. The Act's companion provision authorizing private suits, 42 U.

For information about the data provided, please review the Disclaimer statement.Ambridge also offers a unique tax coverage enhancement to its Liquidating Trustees Liability Insurance policy.A liquidating trust is a tax-efficient vehicle to liquidate assets because income of a qualifying liquidating trust is only taxed as income at the beneficiary level.Adding to the concern of trustees is the fact that, by its nature, the trust is designed to liquidate and distribute all of its assets.As a result, while virtually all agreements governing such liquidating trusts contain indemnification and protecting the trustee except in the case of fraud or gross negligence, the trust may ultimately lack the financial wherewithal to support such provisions.The Liquidating Trust, through its agents, shall wind down the affairs of and dissolve the Debtors and their subsidiaries including the Non-Debtor subsidiaries.