Yesterday I was contacted Huron Consulting Group, Financial Advisor to the TelexFree Trustee, requesting assistance in getting word out about the victim claims process.
In addition to covering the
claim portal going live
last week, here’s a copy of the official Notice of Deadline For Filing Electronic Proofs of Claim and Claims Procedures.
NOTICE OF DEADLINE FOR FILING ELECTRONIC PROOFS OF CLAIM AND CLAIMS PROCEDURES
On April 13, 2014, TelexFree, LLC, TelexFree, Inc., and TelexFree Financial, Inc. (together, the “Debtors”) filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code with the United States Bankruptcy Court for the District of Nevada.
The cases were transferred to the United States Bankruptcy Court for the District of Massachusetts (the “Court”) on May 9, 2014 and are being jointly administered under TelexFree, LLC, case no. 14-40987-MSH.
On June 6, 2014, Stephen B. Darr was appointed Chapter 11 trustee (the “Trustee”).
PLEASE TAKE NOTE that on January 26, 2016, the Court entered an order approving the Motion by Chapter 11 Trustee for Entry of Order Fixing Bar Date for Filing Proofs of Claim, Approving Form and Manner of Notice, Directing that Claims be Filed Electronically, and Approving Content of Electronic Proofs of Claim (the “Bar Date Motion”), establishing certain deadlines for submission of claims in the Debtors’ Chapter 11 cases.
On May 27, 2016, the internet portal (“Portal”) for submission of electronic proofs of claim became operational and can be located at telexfreeclaims.com. Pursuant to the order approving the Bar Date Motion, September 26, 2016 at 4:30 p.m.. (prevailing Eastern Time) has been established as the deadline for each person or entity (including individuals, partnerships, corporations, estates, trusts, joint ventures, and governmental units, wherever located), and Participants (collectively, “Claimants”) to file proofs of claim against the Debtors.
Participants means persons or entities who purchased a membership plan in, or a voice over internet package (“VoIP”) from, the
Debtors. Proofs of claim must be submitted electronically through the Portal.
The Bar Date and the procedures set forth below for filing proofs of claim apply to any claim as defined in Section 101(5) of the Bankruptcy Code (each a “Claim”), against the Debtors which Claim arose on or prior to the filing of the Chapter 11 petitions on April 13, 2014 (the “Petition Date”), except for holders of those Claims listed in Section 4 below that are specifically excluded from the Bar Date filing requirements.
1. WHO MUST FILE A PROOF OF CLAIM
If you have a Claim against the Debtors that arose on or prior to the Petition Date, and such Claim is not one of the types described in Section 4 below, you must file an electronic proof of such Claim (each a “Proof of Claim”) to share in distributions from the Debtors’ bankruptcy estates and to vote on a Chapter 11 plan that may be filed by the Trustee.
Claims
🤖 Quick Answer
What was TelexFree and why did it file for bankruptcy?TelexFree was a telecommunications company that filed voluntary Chapter 11 bankruptcy petitions on April 13, 2014, with the United States Bankruptcy Court for the District of Nevada. The cases were subsequently transferred to the District of Massachusetts. The company operated as TelexFree LLC, TelexFree Inc., and TelexFree Financial Inc., entities collectively referred to as the Debtors.
What is the purpose of the Claims Procedures Notice?
The Notice of Deadline for Filing Electronic Proofs of Claim and Claims Procedures establishes the official process and deadline for victims and creditors to submit their claims against TelexFree. The notice outlines the requirements and procedures for filing electronic proofs of claim through a dedicated portal that became available to facilitate victim compensation and creditor recovery during bankruptcy proceedings.
**
🔗 Related Articles
- Lifestyle Marketing Group Review 2.0: Matrix points pyramid
- OneCoin class-action Plaintiffs file for voluntary dismissal
- BlackOxygen Organics class-action alleges supplement toxicity
- $314,228 Canadian Zeek net-winner’s $2800 settlement offer rejected
- 2nd uFun Club warning issued by Central Bank of Brunei