by John Darer CLU ChFC MSSC CeFT RSP CLTC
Revealed in Public Filings for the Center for Special Needs Trust Administration, Inc.
- Top unsecured creditor $4.5M plus
- 2nd unsecured creditor $2.296M
- 3rd unsecured creditor $2.237M
- In fact there are ELEVEN unsecured creditors with claims in excess of $1M, according to the list of Top 30 Unsecured Creditors. See Download Center for Special Needs Trust Administration Chapter 11 Top 30 creditors The List was signed of by William A. Long Jr. Chief Restructuring Officer.
What about the rest of the poor folks in a 248 PAGE Form 206SUM?
What is Chapter 11 and What Does it Mean?
Chapter 11 is often called a “reorganization bankruptcy” because it allows businesses or other entities to keep operating while they restructure their finances. They either file a reorganization plan voluntarily or can be forced into that if three or more creditors file a petition with the bankruptcy court. Source: Debt.org
The Emerging List off Shortfall Victims of in the Center for Speicla Needs Administration, Inc. Chapter 11 Filing
“In 2013, Richard and Kim Musczynski settled with a doctor and hospital in Palm Beach County after filing a lawsuit accusing them of misdiagnosing their daughter’s condition when Kim was pregnant. Their daughter, Abagayle, was born with a brain abnormality that caused her to develop cerebral palsy. She also suffered from severe seizures, was blind in one eye and unable to walk and talk”.
‘There’s nothing left in there:’ $100M missing from St. Pete trust fund company for people with special needs | WFLA March 7, 2024. Read and Watch about the Capasse family story
Apple Valley family loses over $46,000 after suspected embezzlement (vvdailypress.com) March 5, 2024 Read the Rollins family story
Last updated March 11, 2024