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Latest update on Ellis Crosby Bankruptcy filing

Date: Wed, 11/09/2005 - 06:40

Submitted by anonymous
on Wed, 11/09/2005 - 06:40

Posts: 202330 Credits: [Donate]

Total Replies: 4


Yes, they filed bankruptcy. The case number is 3:05-bk-15194-GLP. It's pending in the Middle District of Florida, Jacksonville Division. Ted Ellis Crosby filed an application to pay officer's salary of $2,250 per week plus health insurance, dental insurance and life insurance. That's $117,000 a year. He claims it's justified because he's working 12 hours a day, 7 days a week. The 341 meeting is 11/29/2005 at 01:30 PM at Jacksonville. GTO is listed as an unsecured creditor on the schedules to the amount of $250,000. Their address is 2830 State Line Road, #204, Prairie Village, KS 66208. Ellis Crosby owes $75,000 to the IRS for unpaid withholding taxes. They have assigned receivables of $23,000,000. This is all from Pacer.


Make sure you do not pay these guys. I did and received a collection notice from another company. I would like to know what happened to the money I paid. $885 for a 200 loan....


lrhall41

Submitted by on Wed, 11/09/2005 - 09:16

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If the 341 meeting isnt until 11/29/05 I would suspect there has been little or no discussion on restitution for consumers. Actually, unles the FTC steps in and files a claim there most likely won't be any restitution for consumers excpet that they areo out of business.


lrhall41

Submitted by LCW on Wed, 11/09/2005 - 18:54

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