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Can you have the custodian bank or trustee (Wells Fargo and/or Bank of New York) pay the interest payment while MCH is under investigation?

April 26, 2017Bank custodian Fargo MCh new york pay payment Trustee Wells

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Can you have the custodian bank or trustee (Wells Fargo and/or Bank of New York) pay the interest payment while MCH is under investigation?

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At the outset of the case, the trustees were not holding funds sufficient to make interest payments to note holders. As noted above, at the outset of the case the Receiver determined that the cash flow is not sufficient to allow for interim distributions to investors.