IMPORTANT – Creditor Change of Address Form

IMPORTANT – PLEASE READ CAREFULLY

Also see UPDATE 5:20PM below

We’ve just been informed that if your address has changed since you filed a claim with the Bankruptcy Court, you must complete a Creditor Change of Address Form.

In a previous communication from Blum Collins, it was stated that you could Development Specialists, Inc. with your change of address.  THIS IS INCORRECT.

The message from Heller Ehrman who is ready to distribute checks is as follows:

You may have sent to us some time in the past a change of address; however, we have recently learned that we are prohibited from sending court distributions (such as the Biggers settlement checks) to addresses that are not on the Bankruptcy Court record.

If you have changed your address at any time since filing your claim and did not update the court, you must fill out and mail to the court the attached Change of Address form as soon as possible in order to receive court distributions in a timely manner.  Distributions are due to be sent in early September.

Update at 5:20 PM PDT

In addition, John Fiero of Pachulski, Stang, Ziehl & Jones which is representing the Heller estate, highly recommends that you also send a cc of the form to the address at the bottom of the form.  The court may take a long time to do so so it is in your best interest to take this extra step.

Creditor Change of Address Form

©2010, copyright Thomas MacEntee

Heller Ehrman Liquidation Plan Approved – Money On Its Way

From Blum Collins:

We are happy to report that on August 9, 2010 the Bankruptcy Court approved the proposed Plan of Liquidation that will fund the settlement with the class of former employees.

When Will the Employees be Paid Their Priority Claims?

Assuming all contingencies in the plan are met for the Plan to become effective (which we believe is now likely), payments on the priority amount of the employees’ claims could be made within 30 days from now. The timing of payment of the non-priority amounts will depend on when additional funds come into the estate.

Kyle Everett at DSI Will be Sending the Checks

If the plan becomes effective, the claims administrator, Kyle Everett at a company called DSI, will send you a check.

If you want to ensure that you receive any payment to class members that might be coming to you, you should send your current address to Mr. Everett, who is the claims administrator:

Kyle Everett
Development Specialists, Inc.
235 Pine Street, Suite 1150
San Francisco, CA 94104
415.981.2717 Phone
415.981.2718 Facsimile
keverett@dsi.biz