This Website is no substitute for obtaining your own legal advice. Neither the Company's attorney's, the Trustee, the Trustee's attorneys, nor the Court's employees can give you advice about what to do, nor can we predict with any certainty what will happen in the case and when it will happen. The information below is believed to be accurate as of the date it was posted to this webpage. Check back from time to time for updates. This page was last updated on July 14, 2009.
Does the Company still have my money?
At the time of the filing of the bankruptcy, the Company had on deposit with Bank of America approximately $4.7 million of money in the so-called "set aside fund" account. That money, as of July 14, 2009, remains in the bank. The Company believes that the set aside account has close to the correct amount of money, whithin a few thousand dollars one way or the other, of the amounts held for consumers for debt settlement.
When can I get my set aside funds back?
As of July 14, 2009, no one knows the answer to this question. The Trustee is working diligently to determine the appropriate steps to take with the set-aside fund. No action will be taken until the bankruptcy court allows it, though.
What about the fees I paid to Debt Relief USA?
The Company believes that it is very unlikely, at this time, that there will be any money in the bankruptcy estate to refund any administrative or other fees to consumers. If there are funds, you may have to file a claim with the Court. You should definitely consult an attorney about how to handle your claim against the Company and the bankruptcy estate.
