I apologize for the delay in having easily accessible Proof of Claim instructions available here at Heller Highwater. I’ve been getting quite a few emails over the past week and I think this is part of the reason:
as people receive their W-2 forms and sit down to do their taxes, they realize how much they got screwed over last year and realize they need to file the Proof of claim
Makes sense, no? I’m with ‘ya! I spent most of Sunday working on my taxes and it was really sad to see on paper what transpired financially for me and many other ex-Hellerites.
Why The Wait?
First, we still have time on our side with the April 27, 2009 deadline to file a Proof of Claim.
Second, I’d rather put out good and accurate information on how to file than have people re-file an amended Proof of Claim later on.
Third, the Priority portion claim is a sticky issue. The court allows you to designate up to $10,950 of your claim as “priority” meaning it should be considered before all the other unsecured claims. Determining what is and what is not priority is not easy. Accrued vacation earned during the 180 period from the date of filing or cessation of business is priority. But issues concerning WARN Act monies have not been resolved and case law on the issues does not make it any clearer.
Fourth, calculating the amounts for the Proof of Claim are not easy. I have updated the spreadsheet I created last month – this time with complex calculations based on your office location, your start date, your position – but I realize not all readers have access to Excel. Also, I want to be able to explain the calculation process in plain English so it is understood.
Again, I just have to say “sit tight.” My goal is to post the instructions by the end of this week – it is on my Getting Things Done list and calendar and I am committed to doing so.
Over and out.