Create an Irrevocable Trust Agreement with this template for the United States, which establishes a "Qualified Settlement Funds" trust (pursuant Section 468B of the Internal Revenue Code), following a debtor's filing of a Chapter 11 bankruptcy petition. The trustee will hold the assets and proceeds of the debtor until such time as the trustee settles with the creditors.

This form of trust allows the debtor to liquidate appreciated assets, pay the proceeds into trust for the benefit of the creditors and take a current income tax deduction for the payment.

This is a USA legal document in MS Word format, and can be edited to fit your specific circumstances.

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