Saturday, May 23, 2009

Recent Bankruptcy Conference

Trustees office updated the court with:

3 of the bigger agape brokers (two of them brothers) have agreed to (some kind of injunction) give up assets.

The trustee has identified but not verified 130 million dollars in claims thus far from 3200 victims and believes a fair portion of them will be erroneous.

The sports facility has multiple offers and great interest from potential buyers.

The trustee asked the court to allow them to abandon misc items left behind at agape offices after auction (no value)

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