NATHAN J. HOCHMAN, RECEIVER
c/o POORMAN-DOUGLAS CORPORATION
P.O. Box 4390
Portland, OR, 97208-4390
Address Correction
Name ______________________
Name 2 ____________________
Address 1 _________________
Address 2 _________________
City St Zip _______________
| RE: | Federal Trade Commission v. Nia Cano, a/k/a Nghia F. Cano, Nina DeCano, Nia S. Cano, Individually and Doing Business as Credit Development International and Drivers Seat Network; Charles Johnson; Jaime Martinez; and Leaders Alliance, Inc., United States District Court, Central District of California, Western Division, Case No. CV 97-7947-CAS (AJWx) |
PLEASE READ THIS LETTER CAREFULLY. IT MAY AFFECT YOUR RIGHT TO THE PAYMENT OF MONEY IN THE ABOVE ENTITLED LITIGATION. IF YOU DO NOT COMPLETE, SIGN AND RETURN THIS LETTER TO THE RECEIVER AT THE ABOVE LISTED ADDRESS OR IF YOUR RESPONSE IS POST MARKED AFTER , 1999, YOU WILL NOT BE ENTITLED TO THE PAYMENT OF ANY MONEY.
On October 31, 1997, on the application of the Federal Trade Commission in the above referenced litigation, the United States District Court appointed Nathan J. Hochman as the receiver (the "Receiver") for the assets of Credit Development International, Drivers Seat Network and Leaders Alliance (the "Receivership Companies"). The Receiver has collected all available assets, reduced those assets to cash and holds that cash for the benefit of the creditors of the Receivership Companies.
The United States District Court has approved a plan of redress to pay available receivership cash to creditors of the Receivership Companies. Under that plan, after the payment of certain other claims, members who complete and timely return this letter will be entitled to receive a pro-rata distribution (based on allowed membership and trade creditor claims) on the amount of the membership fee actually paid by such member, after deducting any payments made by the Receivership Companies to that member. There is insufficient money to return to members the full amount of their membership fees. No distribution will be made to members on any other money paid by them to the Receivership Companies.
According to the Receiver's records you are a member in one of the Receivership Companies. The information listed below will be used to calculate your pro rata entitlement.
Membership Fee: $_______
Refunds/Commissions: $_______
Net Claim Amount: $_______
If you agree to these amounts the Receiver will mail your pro rata check to the address to which this letter was mailed. If that address was incorrect, please print the correct address in the change of address box above. If your address changes in the future, please advise the Receiver in writing.
If you are contesting the Net amount listed, please state the amount that you believe is owed to you (based solely on the amount of your membership payment, less any money returned to you), explain why the information is not correct, and provide all documents (to document payments made by you, you must include the front and back of your canceled check or, in the case of payment by credit card, a copy of your credit card statement, not the charge slip, that support your claim).
Amount I claim as due: $__________________.
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If the Receiver disagrees with your analysis, he will schedule a hearing on your claim before the District Court, and you will be required to defend your claim. If you do not defend your claim, it may be disallowed by the District Court.
Sign: I declare under penalty of perjury under the laws of the United States of America that the foregoing information provided by me is true and correct.
DATE: ______________, 1999
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Signature
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