July 9, 2010

On July 9, 2010, in Allegro Law LLC.,

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.

 

June 24, 2010

On June 24, 2010, in Allegro Law LLC.,

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.

 

May 19, 2010

On May 19, 2010, in Allegro Law LLC.,

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.

 

May 11, 2010

On May 11, 2010, in Allegro Law LLC.,

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.

 

May 3, 2010

On May 3, 2010, in Allegro Law LLC.,

The Meeting of Creditors Hearing pursuant to § 341, U. S. Bankruptcy Code for Allegro Law, LLC was originally conducted on April 16, 2010, at 10:00 a.m. Because many creditors had yet to be notified, the Trustee continued this original § 341 hearing until July 21, 2010, at 9:00 a.m. in Courtroom 105, Sec. 341 Meeting Room, Frank M. Johnson, Jr. Federal Courthouse, Lee Street, Montgomery, Alabama 36104. Attendance is allowed but not required.

 

May 2, 2010

On May 2, 2010, in Allegro Law LLC.,

On Friday April 30, 2010, the Court authorized the Trustee’s office to hire a claims agent to act on behalf of Allegro Law, LLC as it relates to the mailing of the Notice of Chapter 7 Bankruptcy Case and eventually the Proof of Claim forms. This claims agent will be responsible for assembling the client list from the third party processor utilized by Allegro Law, LLC and mailing and processing of various documents to customer/clients.

As mentioned earlier, for customer/clients mailing payments to Allegro Law, LLC, the Trustee’s office requests that these payments not be mailed to Allegro Law, LLC. For those customer/clients that made payments via ACH debit, the company responsible for this activity ceased the debits on April 5, 2010. There should not be any future ACH debits from any customer/client accounts on behalf of Allegro Law, LLC. For those customer/clients that made payments to Allegro Law, LLC via wire transfer, the Trustee’s office instructed a third party processor on April 8, 2010, to disable the feature that allowed wire transfers to Allegro Law LLC at Western Union and MoneyGram.

 

April 24, 2010

On April 24, 2010, in Allegro Law LLC.,

Efforts are under way to obtain a list of all Allegro Law, LLC customer/clients along with address information. Using this name and address information, a Notice of Chapter 7 Bankruptcy Case will then be provided to all Allegro Law, LLC customer/clients. This notice will provide additional information about the Bankruptcy filing along with instructions for claimants and operative dates related to this case.

Following the above mailing of the Notice of Chapter 7 Bankruptcy Case to customer/clients, Proof of Claim forms and information will be provided by mail.

 

April 21, 2010

On April 21, 2010, in Allegro Law LLC.,

All Allegro Law, LLC customer/clients should cease sending payments to Allegro Law, LLC by mail. In keeping with the Chapter 7 cessation of business directive, the Trustee’s office terminated all automated clearing house debits to customer/client accounts effective April 5, 2010.

The Trustee’s office has now moved the Court to allow the return of mailed payments received by Allegro Law, LLC postmarked after the March 12, 2010, Bankruptcy filing. The hearing on this motion is currently scheduled for May 25, 2010, at 10:00 am in Courtroom 4D, One Church Street, Montgomery, Alabama. Should this motion be approved by the Court, the actual payments (check, money order, etc.) received by Allegro Law, LLC will be returned to the senders.

For customer/clients who made payments to Allegro Law, LLC by automated clearing house debits, the return of these payments will be the subject of a motion filing in the near future. The Trustee’s office is in the process of obtaining accounting data from a third party servicer to facilitate the return of these payments.

 

April 2, 2010

On April 2, 2010, in Allegro Law LLC.,

On March 12, 2010, a Chapter 7 bankruptcy petition was filed on behalf of Allegro Law, LLC. A recent bankruptcy petition filing by Kenneth Anderson Nelms, the sole owner of Allegro Law, LLC, brought about the filing by the entity, Allegro Law, LLC and a related filing by Allegro Financial Services, LLC., all on March 12, 2010. The cases are assigned the following case numbers in the United States Bankruptcy Court for the Middle District of Alabama:

Keith Anderson Nelms’
Case Number 10-30430

Allegro Law, LLC
Case Number 10-30631

Allegro Financial Services, LLC,
Case Number 10-30630

All assets belonging to Allegro Law, LLC are now within the jurisdiction of the United States Bankruptcy Court for the Middle District of Alabama. The State Court Receivership that operated Allegro Law, LLC from July 2009 until recently is now superseded and will no longer have responsibility for Allegro Law, LLC. All activity previously conducted by Allegro Law, LLC and any activity that continued through the Receivership has now ceased.

Instructions to cease withdrawals from all Allegro Law, LLC customer accounts were recently provided to the company responsible for this activity. All assets held by and claims against Allegro Law, LLC are to be administered pursuant to the United States Bankruptcy Code and distributed according to Title 11, U. S. Code. Notification to all potential claimants of Allegro Law, LLC will be provided by mail and they will be entitled to file a claim in this case.

For those with questions about the bankruptcy laws and processes, please consult an attorney of your choosing.

Please check this site periodically for updates.