In late May the TelexFree victim’s claim portal
went live
.

Since then “approximately 80,000 claims” have been filed by TelexFree victims.

The cutoff for victim claims is currently September 26th, however the Trustee now wants that date extended.

In a
September 21st filing
, the Trustee cites

the number of participants involved in TelexFree

the geographical dispersion of participants throughout the world

language barriers and

the time that participants may need to complete the assembly of records and to seek assistance in completing claims

as reasons to validate an extension.

One interesting additional supporting point made is that

the Trustee does not have sufficient funds at this time to make a distribution to creditors, (so) no prejudice will result from the requested extension.

Sounds like TelexFree victim payouts are a ways off yet.

As it stands the Trustee’s motion is before the court awaiting a decision. The new claim deadline sought is December 31st, 2016.

Stay tuned…

Update 24th September 2016 – 
Judge Hoffman has approved the requested extension.

TelexFree victims now have until December 31st, 2016 to file claims with the Receivership.

Update 23rd December 2016 – 
Following a hearing on December 21st, the TelexFree victim claim deadline has been
extended
to March 15th, 2017.

🤖 Quick Answer

What is the TelexFree victim claim portal deadline issue?
The TelexFree Trustee requested an extension of the September 26th victim claim deadline, citing approximately 80,000 filed claims. The extension request was justified by the global dispersal of participants, language barriers, and the time needed to gather documentation. Additionally, insufficient trustee funds for creditor distributions meant no prejudice would result from the extension.

Why did the TelexFree Trustee seek a deadline extension?
The Trustee identified multiple factors warranting the extension: the vast number of international participants involved, geographical dispersion across multiple countries, language obstacles hindering claim completion, and the considerable time participants required to compile necessary records and obtain assistance with their claims.

What financial consideration supported the TelexFree extension request?
The Trustee noted that insufficient available funds precluded immediate creditor distributions, eliminating

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