Dissolution filings cost the company a whole $30 to file.
Unfortunately, I could not locate the paperwork which would describe the terms of the dissolution. Because they have no workable business model, the corporation does not need to exist, and the dissolution is practical.
There should be a liquidation trust which handles the legal affairs, but I have not found one. Somebody was collecting the debt payments all along, and that money should have had an earmark for creditors (oops) or shareholders on a pro rata basis. I suspect that they were collecting the debt to pay Brooke's creditors, and that might be worth looking into. If so, they should have a balance payable to us based on the pro-rata. I have a feeling they didn't set that up and might just paying the lawyers and Brooke's creditors.
It doesn't smell good. Most of the lawsuits filed by the debtors seem to indicate the the debt was sold to another party, and they are suing Aleritas because they have to still pay. What do they think? You borrow money and don't pay it back? Can they loan some to me?
Again, the suits likely have no merit because the loan documents would indicate if the debt was transferable.
