Posted by Cari on 7/6/09 8:22am
Msg #294713

FYI...Equipoint Financial Network....

Update - 2009-06-05: Equipoint Financial Network, Inc. has successfully completed their restructuring plan under Chapter 11 of the U.S. Bankrupcty Code, and effective 2009-06-09 will be free to "operate its businesses and may use, acquire and dispose of property free of any restrictions of the Bankrupty Code." An official discharge by the Court was not yet available, but the Order confirming the plan was filed on 2009-05-27. President of the restructured firm Bruce Barnes provided us with the following statement:

"As outlined in the June 2008 filing, the previous management team filed for the Chapter 11 BK and then resigned from the company. It was then turned over to me to complete the process. As you might imagine, it has been a long process but thankfully, I was able to get it done and save jobs for some very good people. To complete this process I was required to pay the creditors $400,000 so the company could be transferred to me as the new owner."

read more here: http://ml-implode.com/imploded/lender_EquipointFinancialNetwork,Inc._2008-08-05.html