This site is provided only as a convenience of Allegro Law, LLC bankruptcy claimants, any user of this site should seek separate competent legal advice.
The deadline for filing a proof of claim expired on May 31, 2011. At this time, we are processing the over 5000 claims that were filed. Processing Proof of Claims involves verification of the claim with data. This is a method to ensure all claims filed are accurate. This is a slow process that takes time to ensure that no duplicate or false claims are filed. Next, we will propose to the bankruptcy court the distribution for each client. If the court approves the distribution, then we will begin to make disbursements. All claims will be paid pursuant to 11 U.S.C. § 726. Claims processing is a lengthy process and could take a number of months to complete. We are in the process of updating the “Filed Claim” and the “Docket” tabs at the top of the page.Allegro Law, LLC Bankruptcy
Due to the many requests from former Allegro Law, LLC clients seeking confirmation that Proof of Claims were received by the claims agent we are providing a “Filed Claim” tab at the top of this page. This list is alphabetically arranged and we ask that you view this listing to confirm that your claim was received. There are also questions from former Allegro Law, LLC clients as to a timeframe for distributions from the Bankruptcy Estate funds. The Bankruptcy Code requires several procedures before the payment of claims can begin and since the Proof of Claim deadline has recently expired we expect to begin some of these procedures within the next few weeks.
The Court recently extended the deadline for Proof of Claims to January 31, 2011.
Many questions are being raised about when refunds will be issued. At this time we do
not have a timeframe as to when any disbursements will be made. The Bankruptcy Code
requires several procedures before the payment of claims can begin and many of these
procedures will not begin until after the Proof of Claim deadline mentioned above.
We are getting many requests on how to fill out the Proof of Claim form. We at the Trustees office are asking potential claimants to fill out the form to the best of their ability. Send the form to the BMC Group, Inc the address is provided at the bottom of the Proof of Claim form please, not send the Proof of Claim forms to the Trustee’s office or the Bankruptcy Clerks Office.
As per the timing of refunds, it is Bankruptcy law that no disbursements can be made until all claims have been accessed and verification of the amount of the claim has been made.
Having mailed a Proof of Claim form to potential Allegro Law, LLC client/customers on September 2, 2010, all former Allegro Law, LLC. Clients should receive these notices within 7-10 business days. If you have a claim against Allegro Law, LLC, please read these forms carefully and return your filings to the BMC Group at the address provided on the forms. No Proof of Claim form should be returned to the Bankruptcy Trustee. If there are questions or concerns regarding the Proof of Claim form or any attachments, please consult counsel of your choice.
Within the next few days a Proof of Claim along with instructions will be provided to all potential claimants of the Allegro Law, LLC. Upon receipt of these forms please read them carefully and return your filings to the BMC Group at the address provided on the forms. No Proof of Claim form should be returned to the Bankruptcy Trustee or the United States Bankruptcy Court for the Middle District of Alabama. If there are questions or concerns regarding the preparation of the Proof of Claim form or any attachments, please consult counsel of your choice.
The Trustee for the Allegro Law, LLC Bankruptcy Estate and the recently employed accountant will visit the Allegro Law, LLC third party processor’s New York office on July 15, 2010 to begin a review of all accounting records. Currently it is believed that all accounting records related to the activity conducted by Allegro Law, LLC are in the hands of this third party processor. The purpose of the review to be conducted by the Trustee and the accountant will be to determine the reliability of the information in the hands of this third party processor.
The records in the custody of the third party processor are the only known documents available that will support the bankruptcy claims process and these records are viewed as necessary to ensure a fair distribution of the bankruptcy estate proceeds. Once this review and evaluation is complete, the case will move to the mailing of Proof of Claims to all potential claimants.
As of June 24, 2010, the Allegro Law, LLC Bankruptcy estate employed an accountant to review the records in the hands of the third party processor. Once this review takes place, a Proof of Claim form, the form necessary to file a claim against Allegro Law, LLC, along with instructions and other necessary documents will be mailed to all former customers/clients. Please keep in mind that the review of records in the hands of this third party processor and the approval of a Proof of Claim form may take several weeks.
In addition, a representative from Allegro Law, LLC is to be at a § 341 Meeting of Creditors schedule for the 21st of July 2010. Attendance by potential Allegro Law, LLC claimants is allowed but not required.
Once again, neither the Clerk’s office nor the Trustee’s office can provide advice related to this case. Additional information will be provided in subsequent mailings. Should you need immediate information, please consult counsel of your choice. You may also review the Frequently Asked Questions made a part of the web site.
Over the past few days, the Notice of Chapter 7 Bankruptcy Case was mailed to all former Allegro Law, LLC, customer/clients. This is a required notice to those who had business dealings with Allegro Law, LLC. For those receiving this notice, there is no action necessary at this time. As stated in earlier updates (May 2, 2010 and May 11, 2010), the Proof of Claim forms, the forms necessary to file your claim against Allegro Law, LLC, will be provided in the same manner as the mailing just received.
It is yet undecided whether the Court will employ a “modified” Proof of Claim process for this case, therefore making the Standard Bankruptcy Form Proof of Claim less than fully effective. At the time any Proof of Claim form receives Court approval for this case, all former Allegro Law, LLC, customer/clients will be provided with this approved claim form, instructions and other necessary documents.
As stated above, neither the Clerk’s office nor the Trustee’s office can provide advice related to this case. Additional information will be provided in subsequent mailings. Should you need immediate information, please consult counsel of your choice. You may also review the Frequently Asked Questions above.
Having now received the listing of Allegro Law, LLC customer/clients from the third party processor, the Notice of Chapter 7 Bankruptcy Case should be mailed to all former customer/clients within days. This mailing will include basic information about the Allegro Law, LLC bankruptcy. Within weeks after this mailing a Proof of Claim form along with other necessary information will be provided to all former customer/clients.