OSD Mission Statement
Our mission is to achieve consumer protection through receivership resolution expertise and the execution of a resolution strategy appropriate to the unique circumstances of each troubled company estate, including maximization of asset recovery, fair disposition of claims, and timely delivery of assets to creditors.
OSD Latest News
Public Service Ins. Co On October 2, 2017 the Rehabilitator filed Petitions for Approval of Plan of Rehabilitation for Public Service Insurance Company and Public Service Mutual Holding Company and for Approval of Assignment, Assumption and Novation Agreement along with a Supporting Memorandum for each Petition. Copies of these filings can be found here. A copy of the Supervising Court's Scheduling Order setting forth the procedures for notice, comment and hearing on these Petitions can be found at the same location. Subsequent filing related to these Petitions will also be posted at this location.
Legion Indemnity Company, In Liquidation On September 28, 2017, the Supervising Court entered an order approving a 22% second dividend on late-filed claims recommended for allowance and approved by order of the Court for distribution at statutory priority level 215 ILCS 5/205(1)(d). Pursuant to the Courtís order, the Liquidator has been authorized to make a distribution of Legion Indemnity Companyís estate assets, in the amount of $5,394,006, in order to effectuate the second dividend on late-filed priority level (d) claims.