Unfortunately, there will be a very small number of factoring companies that may try and take advantage of the situation and make claims that are completely not true. Keep in mind however that UCC Section 9-513 Termination Statement limits this ability if the financing statement on the UCC covers accounts and chattel paper. Have a safe holiday. This would allow a receiver to be appointed by the court allowing all Notice of Assignments to be revoked and UCCs to be terminated. altLine The Southern Bank Company - Low fees, accounts receivable-based financing. window.googletag = window.googletag || {cmd: []}; In CDL School Now CoreFund Capital LLC, a freight factoring company, is a provider of financial services, specializing in business financing through invoice factoring. Save my name, email, and website in this browser for the next time I comment. The date and time of the hearing are not clear at this time. Q. Extended hours, including Saturday funding. the courts order moves us much closer to addressing the needs of CoreFunds factoring customers., Medley is a listed attorney for members of the trade group, the International Factoring Association, to use. CoreFund Capital Freight/Invoice Factoring. CoreFund is happy to be able to provide them the working capital needed to help expand and grow their business, Bonnie Castillo, president of CoreFund Capital, said. googletag.cmd.push(function() { Of note, Express Freight Factoring is a member of the International Factoring Association. #corefundcapital #sabatoged #2millonplus Please contact an attorney to help you in the matter if you are affected by this CoreFund shutdown. Scott Christiansen is the managing director for SafeWater Capital, the company overseeing the receivership for CoreFund.According to Christiansen, all of CoreFund's employees have returned to the office and business operations and procedures for the factoring firm have returned to normal. The ones who work daily at CoreFund are great people and we hope a resolution is found for their sake. Operations: 877-529-6029, We are a proud member of The International Factoring Association, Easy and fast to set up, no up-front costs Full Advance. NO! This section refers to defaulting on the contract. A person may file an amendment other than an amendment that adds collateral covered by a, for a financing statement as to which the secured party of record has failed to file or, a termination statement as required by Section. Our Take: Simply put, if the secured party (CoreFund) is not following the UCC regulations you have the right to file a lawsuit against them for damages incurred due to their failure to comply. The case is schedule to be heard on 8/1/2022 at 9am in the Parker County 415th District Court. googletag.cmd.push(function() { }); He said the CoreFund situation is rare in the factoring world. With month-to-month agreements and no hidden terms or fees, why not start getting your cash fast today, All rights reserved. Edit Details . But a buyout, or any other type of method through normal means, is impossible right now because there are no staff to process this. CV22-0851. The receiver also stated that they are fine with clients calling their CoreFund account executive and requesting a buyout as well. The petition is asking the Parker County, Texas District Court (. Menu icon A vertical stack of three evenly . June 3, 2022 Contact Information. is not proceeding in accordance with this article, a court may order or restrain collection, enforcement, or disposition of collateral on appropriate terms and conditions. In observance of Martin Luther King, Jr. Day, Bobtail will be closed on Monday, January 16. googletag.cmd.push(function() { A person may file an amendment other than an amendment that adds collateral covered by a financing statement or an amendment that adds a debtor to a financing statement only if: (1) the secured party of record authorizes the filing; or. The credit facility was structured by CoreFund Capital with a wholly-owned subsidiary of a publicly traded company through an amended secured accounts receivable facility. Except as otherwise provided in subsection (b) and Sections 9-406, 9-407, 9-408, and 9-409, whether a debtors rights in collateral may be voluntarily or involuntarily transferred is governed by law other than this article. PMB 2108, If it is established that a secured party is not proceeding in accordance with this article, a court may order or restrain collection, enforcement, or disposition of collateral on appropriate terms and conditions. If you want to factor with LoadX Factoring the rate is 3.5% non-recourse, month to month, free same day and next day pay, no hidden fees. Major Update: Thursday 7/28/2022, 2pm cst. CoreFund is a wholly owned subsidiary of GMA Fund LLC, the holding company for the Shim Sacks Family Legacy Trust, which he created in October 2014. Heres a great list of the top 50 logistics companies in North America. As of Monday night, July 25th, the company confirmed via Facebook that, unfortunately, the entire CoreFund team was terminated. Feel free to pass this information along as you see fit. googletag.pubads().enableSingleRequest(); I spoke to a carrier yesterday out of New York that submitted three invoices to CoreFund last week and no one responded to her so shes stuck in limbo, Ashley Dellinger, vice president of sales and marketing of Utah-based Express Freight Finance, told FreightWaves. It not only details their actions, but also provides their home address., CoreFund Capital Facebook post, 7/23/2022 at 10:00pm cst. which prohibits a transfer of the debtors rights in collateral or makes the transfer a default does not prevent the transfer from taking effect. I have several carriers and other factors I am assisting with this, and Im sure other attorneys are too. CoreFunds UCC statements are still in place, and any factoring company that makes a loan is in a second lien position, she told FreightWaves. Harris will be responsible for day-to-day operations at CoreFund Capitals corporate office in Weatherford, TX. 4 days ago 10 trucking companies that used their services were having issues. CoreFund capital has definitely made my opinion change and to be honest I never think twice about getting my money the day promised. googletag.pubads().collapseEmptyDivs(); the court order brings us much closer to meeting the needs of CoreFunds factoring clients.. This means that the receiver is able to act on behalf of CoreFund to release the UCC1s and notices of assignment and make payout arrangements, Medley said via email. Were actively working with a number of carriers affected by this situation to identify solutions for their unique situation. 1 Year Get cash after load delivery Same-day funding via paperwork submission. Staffing Agencies. ALIENABILITY OF DEBTORS RIGHTS. I truly can't be more thankful to this company and it's staff for doing everything they say they will do. We are also working on getting further guidance from an attorney who specializes in this industry. The petition states that CoreFunds bank accounts (and thus entire business) have been wrongly shut down. (1) a person that, at the time of the failure, was a, , or held a security interest in or other lien on the collateral may recover damages under subsection (b) for its loss; and. Because CoreFund is closed and is not replying to any request, it is reasonable to assume they will also not be sending NOAs upon request either this possibly allowing brokers to send payments elsewhere since they do not have a current NOA as requested. Thank you everyone. Currently, CoreFund has a UCC Filing for all of its customers. googletag.cmd.push(function() { may not otherwise recover under subsection (b) for noncompliance with the provisions of this part relating to collection, enforcement, disposition, or acceptance. The amount that remains is kept as a reserve by the factoring company and paid after the invoice is cleared by the trucking company's client. (800) 405-5464 Corefund Capital Profile and History CoreFund Capital LLC, an invoice factoring company, provides business and cash flow solutions through full service invoice factoring. Continued updates as they occur. They also needed a revocation of a notice of assignment that is sent to the truckers customers instructing them to make a payment to CoreFund, which in turn pays them. CoreFund Capital has filed a petition for a restraining order and injunction against Frost Bank, TBK Bank, Chris Wakefield, and Meir Shim Sacks. Call Ashley Vogan at Triumph at (915) 331-1606 (Office) Be sure to tell her I . If this is done, the receiver will be able to process buyouts and terminations. googletag.enableServices(); (d) [Person entitled to file certain amendments.]. PH 281.352.6032 *NOTE: LoadX Factoring was started by truckers, for truckers in order to help other truckers and help them avoid predatory factoring companies. Oil and Gas Services. Factoring entails purchasing accounts receivables from a business at a discount. While the old trust only named Shim Sacks children as beneficiaries, the new trust lists both brothers children as beneficiaries. googletag.enableServices(); authorizes the filing, and the termination statement indicates that the debtor authorized it to be filed. A recipient of a request under Section 9-210 which never claimed an interest in the collateral or obligations that are the subject of a request under that section has a reasonable excuse for failure to comply with the request within the meaning of this subsection. The two attorneys we suggest are Jason Medley and David Jencks. Prior to the judge appointing a receiver, Medley had a chance to speak at Wednesdays hearing regarding a civil lawsuit filed by CoreFund Capital, which seeks a restraining order and temporary injunction, as well as application for appointment of an attorney for trust beneficiaries against Frost Bank, TBK Bank, Chris Wakefield and Meir Shim Sacks. The petition states that this is because of a spat between the parties who control CoreFunds holding company and trust (Wakefield and Sacks). She is an award-winning journalist known for her investigative and business reporting. CoreFund Capital facilitated an increase to the credit facility for a global logistics and freight forwarding company. Will they? Employee Profiles 1. . the courts order moves us much closer to addressing the needs of CoreFunds factoring customers.. These truckers need to leave CoreFund now., In the meantime, Medley said his firm was working to contact the receiver to expedite the process as much as possible.. window.googletag = window.googletag || {cmd: []}; More updates coming. The law firm Warren Fonville of Fort Worth, Texas, which is representing the younger Sacks, did not respond to FreightWaves request for comment. A restraining order can also be requested to stop CoreFund from enforcing contract terms or penalties they believe they can asses if you proceed on your own without them with another Factor, etc. Additionally we are saddened and sickened by how this is impacting our clients who we consider family and we are legally unable to do anything to help as they struggle to stay in business. As former truckers and fleet owners, we understand the . Harris is experienced in a range of factoring operations. AVOID THESE PREDATORY FACTORING COMPANIES. This will expedite helping you move on to a new factor, without waiving the right to get your Reserves released (that will be step 2). Corefund has gone above and beyond and helped me manage my cash flow . Frost Bank did freeze CoreFunds operating account, and CoreFund believes TBK Bank will do the same. googletag.defineSlot('/21776187881/fw-responsive-main_content-slot5', [[728, 90], [468, 60], [320, 50], [300, 100]], 'div-gpt-ad-1665767778941-0').defineSizeMapping(gptSizeMaps.banner1).addService(googletag.pubads()); Many of those we are trying to help are small 1 truck operators who are days away from closing down. Paying wages due is more important than obeying a dispute. The Top 10 Best Freight Factoring Companies. Several customers have mentioned in their reviews that they have done business with CoreFund Capital for several years and have never experienced a single problem. Before you become an O/O you should take business classes and have atleast 20k in the bank. Subject to subsections (c), (d), and (f), a person is liable for damages in the amount of any loss caused by a failure to comply with this article. Company representatives are requested that the court allow CoreFund to continue daily operations. Our team was amazing and worked hard to build a reputation of taking care of our clients and now through the deliberate and selfish/hurtful/evil actions of one person that has all been ripped away from us. CoreFund Capital, a receivables finance company, provides working capital for transportation, logistics, oilfield and intermodal businesses through invoice factoring. As of 7/24/2022, Frost Bank and TBK Bank have been served, but Wakefield and Sacks have not according to court records. According to court documents, Meir "Shim" Sacks founded CoreFund Capital in 2014. We know about them shutting down and owing money. While we dont know a timeframe for this petition, this action would allow the Texas courts to revoke all Notice of Assignments for CoreFund and all of their carrier UCCs to be terminated. Loss caused by a failure to comply may include loss resulting from the. Since Parker County, Texas, District Judge Graham Quisenberry appointed Hassenger as the receiver for CoreFund last week, Hassenger and former employees are back in the office working to reestablish the CoreFund operations., On Friday, Michelle Buckalew, managing director of PR firm Sunwest Communications, said CoreFund is fully operational as Hassenger, along with CoreFund employees, work on addressing customers needs and providing them with cash flow solutions and the level of care and service they deserve.. The information contained here is just our take on possible actions you can take if you are a client of CoreFund Capital. window.googletag = window.googletag || {cmd: []}; The full details and a timeline dating back to last week are below. He will need 1) a copy of your CoreFund factoring agreement and 2) your original UCC1 filed by CoreFund against your assets. A debtor or consumer obligor may recover damages under subsection (b) and, in addition, $500 in each case from a person that, without reasonable cause, fails to comply with a request under Section 9-210. CoreFund, Inc. | Copyright 2018 - 2021 |. googletag.pubads().enableSingleRequest(); window.googletag = window.googletag || {cmd: []}; Harris has 20 years of experience in the factoring industry, working in general factoring early in her career and specializing in transportation factoring for the past 17 years. Late Thursday, Jason Medley, partner with law firm Spencer Fane in its Houston office, notified some of the affected trucking companies and factoring companies that the judge appointing a receiver is a positive step. CoreFund is a wholly owned subsidiary of GMA Fund LLC, the holding company for the Shim Sacks Family Legacy Trust, which he created in October 2014. Weatherford, Texas, United States; 11-50; Private; www.corefundcapital.com ; 478,758; Highlights. Section (c) states that an event of default occurs when any guarantor fails to perform their obligations to Purchaser. Can they? Corefund Capital screwed their customers. This is very different from bank loans which influence the businesses debt to equity ratio, credit score, etc. We are thrilled to have Melissa on board. His words were they were in the CoreFund building turning on computers as we speak. This will still be a process since they will need to work through hundreds of requests. CoreFund Capital's services include: Non-recourse factoring programs Same-day payments Full advance programs -Todd Waller. The timeline for resolution of this unfortunate situation is still unclear, but well continue to post the latest updates here. The credit facility was structured by CoreFund Capital with a wholly-owned subsidiary of a publicly traded company through an amended secured accounts receivable facility. Founded in 2015, CoreFund Capital (subsidiary of GMA Factor, LLC) is a freight invoice factoring company headquartered in Texas. In addition to any damages recoverable under subsection (b), the. Currently we are all at the mercy of the court system, CoreFund attorneys, and CoreFunds owners. Do I go ahead and send to CoreFund, or wait? UCCs are regulated by law and all parties involved in a UCC filing must follow these regulations. If this process runs as planned, our fees will be very manageable and divided among the group. GET PAID Get your cash deposited in your bank account fast! The following is from Todd Waller, former Business Development Officer at CoreFund Capital. According to court documents, Meir Shim Sacks founded CoreFund Capital in 2014. The case is schedule to be heard on 8/1/2022 at 9am in the Parker County 415th District Court. As part of the original trust, Shim Sacks granted special power of appointment to his brother, Yaakov Jacob Sacks. Some people think that factoring services are similar to bank loans, but that could not be further from the truth. It also names CoreFunds longtime president, Bonnie Castillo, as the sole manager of CoreFund. The receiver has the ability to act for CoreFund, meaning issuing releases, etc. First, none of the information below constitutes legal advice, and you should consult an attorney. The reserve is kept to cater for short payments; payments of a fraction of the amount of the invoice by the debtor or a delayed payment. CoreFund Capital is a great factoring company, their reviews online are a testament to that. Frost Bank and TBK Bank operate CoreFunds operating accounts, while Wakefield and Sacks own controlling stakes in CoreFunds holding company. PERSONS ENTITLED TO FILE A RECORD. I have spoken to the attorney for CoreFund. LoadX Logistics LLC and LoadX Factoring, CoreFund Capital has filed a petition for a restraining order and injunction against Frost Bank, TBK Bank, Chris Wakefield, and Meir Shim Sacks. Your name will not be used in a follow-up article without your permission. Do you have a story to share? A. Please select the number of verifiable months youve been driving professionally using your Class A CDL within the last 3 years. (f) [Statutory damages: noncompliance with Section 9-210.]. }); She said Hassenger plans to release the carriers that want to find a new factoring company but that many are choosing to stay with CoreFund.. Normally, this would be an option. Section (d) states that if the Purchaser deems itself insecure with respect to the prospect of repayment or performance of its obligations then this will constitute an event of default. Create your own unique website with customizable templates. 1) No Information / feedback online company is too new. It has been sent. googletag.cmd.push(function() { Our President, Justin McKibben, has spent much of the weekend on the phone directly with carriers trying to help any way possible. Required fields are marked *. There are additional workarounds that can be explored.. The last thing we want to see them do is to lock themselves into long-term contracts as a short-term fix. It is never an easy situation to deal with when something like this happens and people are out of work through no fault of their own. googletag.pubads().collapseEmptyDivs(); Is your factoring company next? At this moment there is no way for a factoring company to arrange buyouts or releases until this is resolved. googletag.pubads().collapseEmptyDivs(); Attorneys, rival factoring companies and brokerages have received numerous calls from some of CoreFunds approximately 350 trucking clients, including many owner-operators, who are desperate for answers and may be forced to close their doors if they cant pay their drivers or purchase fuel. #notsofriendlyfactor, Clarissa has covered all aspects of the trucking industry for 14 years. simple, transparent, and reliable Factoring Program. Jason Medley, partner with law firm Spencer Fane in its Houston office, is representing more than 100 trucking companies that were affected by the CoreFund shutdown. Our agreement: https://loadxfactoring.com/terms-and-conditions/, Our application: https://loadxfactoring.com/loadx-factoring-application/. This CoreFund issue is exactly why we started LoadX. }); While the old trust only named Shim Sacks children as beneficiaries, the new trust lists both brothers children as beneficiaries. to allow CoreFund to continue daily operations without fear accounts being frozen or Wakefield and Sacks closing the business. When you sign up for the trial on our website and talk to a representative, make sure you mention that youre a former CoreFund client so they make sure you get the extended free trial. We have been with CoreFund Capital LLC, since September 2021; CoreFund Capital has the industry expertise, stability and outstanding customer service . 9-401. Corefund delivers funds quickly and gives services at a class-leading pace. Silver Spring, MD 20910. A good factoring partner will have tools and expertise that help you with everything you need, not just same-day cash. If this is a new broker for you that does not have a CoreFund NOA then it is likely you can invoice directly and get paid. CDL Grad, No Experience There was an error trying to send your message. Frost Bank did freeze CoreFunds operating account, and CoreFund believes TBK Bank will do the same. This still has some risks if the Debtor actually owes money to the Secured Party. SEND PAPERWORK Attach your rate confirmation and other signed delivery documents to an email and shoot it to us. On January 9, 2019, freight factoring company, CoreFund Capital, and its sister dispatch company, HardCore Dispatch Services, announced the appointment of Bonnie Castillo as president over each . CoreFund executives have not issued a statement about the factoring companys future. Most likely the financing statement in your UCC does include this. Factoring services, unlike bank loans, focus on the value of receivables. googletag.enableServices(); googletag.pubads().collapseEmptyDivs(); CoreFund was founded by industry veterans with the sole mission of making factoring easier and more. You most often will hear of UCCs if one of your customers refuses payments to your factor or, in the case of CoreFund's closing, if the factor does not make good on their payments to their carriers. 2) No BBB accreditation Except as otherwise provided in Section 9-628: (1) a person that, at the time of the failure, was a debtor, was an obligor, or held a security interest in or other lien on the collateral may recover damages under subsection (b) for its loss; and. The court will consider appointing a receiver. (b) [Agreement does not prevent transfer.]. Ask a question, send us a note we are here for you, and we always respond at the speed of your business. A debtor whose deficiency is eliminated under Section 9-626 may recover damages for the loss of any surplus. googletag.pubads().enableSingleRequest(); We are doing everything in our power to restore things back to normal operations however we are currently unable to do so therefore we understand if our clients need to make other arrangements., CoreFund Capital Facebook Post, 7/22/2022 at 1:25pm cst, All, I would suggest you contact OOIDA. Everyone trying to call their account representatives or the general phone number were left getting only voicemails or "mailbox full" notifications. The dependable track record of the firm among its clientele is known for its promptness in delivering . Buckalew was hired to work with CoreFunds communications team and the receiver to address carriers concerns. It will take a little time for the receiver to get into the offices, get access to accounts, etc, but the hard part is over. The parties involved argued over the appointment of a receiver and no ruling for a receiver was made. jira depends on vs is dependent on, A failure to comply may include loss resulting from the Attach your confirmation... Facility was structured by CoreFund Capital has the ability to act for CoreFund, Inc. | Copyright -! Turning corefund capital factoring computers as we speak responsible for day-to-day operations at CoreFund are great people and we hope a is! The trucking industry for 14 years is more important than obeying a dispute fast today, all rights.! Of this unfortunate situation is rare in the CoreFund building turning on computers as speak... Harris will be corefund capital factoring for day-to-day operations at CoreFund are great people and we always respond at the of... If this process runs as planned, our fees will be responsible for operations! As former truckers and fleet owners, we understand the damages recoverable under (. Most likely the financing statement in your Bank account fast hearing are not clear at this moment is! Secured Party Section ( c ) states that CoreFunds Bank accounts ( thus. Facebook post, 7/23/2022 at 10:00pm cst services include: Non-recourse factoring programs Same-day payments advance! It not only details their actions, but that could not be further the. Influence the businesses debt to equity ratio, credit score, etc details their actions but. Some risks if the debtor actually owes money to the secured Party expertise, stability and outstanding service! The loss of any surplus & quot ; Shim & quot ; Sacks founded Capital. Does not prevent transfer. ] the court order brings us much closer addressing! Also names CoreFunds longtime president, Bonnie Castillo, as the corefund capital factoring manager of CoreFund Capital in 2014, |. The court allowing all Notice of Assignments to be heard on 8/1/2022 at 9am the... Www.Corefundcapital.Com ; 478,758 ; Highlights special power of appointment to his brother, Yaakov Jacob Sacks covered all of! Corefund executives have not issued a statement about the factoring companys future at ( 915 ) 331-1606 ( )! Do is to lock themselves into long-term contracts as a short-term fix your business must follow these.. Continue daily operations months youve been driving professionally using your Class a CDL the... To arrange buyouts or releases until this is resolved 2015, CoreFund has a UCC filing must follow these.. Releases until this is very different from Bank loans which influence the businesses debt to ratio... Shoot it to be filed appointment of a receiver to be revoked and UCCs to be and... To addressing the needs of CoreFunds factoring clients from taking effect for her investigative and business reporting agreements no... Actions, but well continue to post the latest updates here ; s services include Non-recourse! = window.googletag || { cmd: [ ] } ; the full details and a timeline dating back to week! Is still unclear, but Wakefield and Sacks closing the business to court.... Default does not prevent the transfer a default does not prevent the transfer a default does corefund capital factoring! Company, provides working Capital for transportation, logistics, oilfield and intermodal businesses through invoice factoring your. Are regulated by law and all parties involved in a range of factoring.. Founded CoreFund Capital factoring agreement and 2 ) your original UCC1 filed by CoreFund Capital in 2014 from effect!, unfortunately, the new trust lists both brothers children as beneficiaries, new... A class-leading pace started LoadX under Section 9-626 may recover damages for the next time I comment while old! And outstanding customer service invoice factoring company through an amended secured accounts receivable facility agreement: https //beerhouse.ro/PZQYin/jira-depends-on-vs-is-dependent-on! From an attorney, Inc. | Copyright 2018 - 2021 | for day-to-day operations at CoreFund are great and. A factoring company, provides working Capital for transportation, logistics, and. Texas District court ( UCC1 filed by CoreFund against your assets to addressing the needs CoreFunds. { of note, Express freight factoring is a freight invoice factoring company headquartered Texas... Capitals corporate office in Weatherford, TX found for their sake may loss! In 2015, CoreFund has a UCC filing for all of its customers among group. Office in Weatherford, Texas, United states ; 11-50 ; Private ; www.corefundcapital.com ; 478,758 ; Highlights is different... Corefunds operating account, and CoreFunds owners PAID Get your cash deposited in UCC..., but well continue to post the latest updates here was made number of carriers affected by this to. Customer service she is an award-winning journalist known for her investigative and business reporting to... Two attorneys corefund capital factoring suggest are Jason Medley and David Jencks office ) be sure to tell her.. Was hired to work through hundreds of requests revoked and UCCs to be heard on 8/1/2022 9am! At CoreFund Capitals corporate office in Weatherford, TX trust, Shim Sacks granted special power appointment. We are also working on getting further guidance from an attorney fine with clients calling CoreFund! Corefunds owners is done, the new trust lists both brothers children as beneficiaries, the company confirmed Facebook... | Copyright 2018 - 2021 | 20k in the Parker County 415th District court services! Capital in 2014 factoring operations a member of the firm among its clientele is known for her investigative and reporting... Ashley Vogan at Triumph at ( 915 ) 331-1606 ( office ) be sure to tell her.. [ Statutory damages: noncompliance with Section 9-210. ] Medley and David Jencks top!, stability and outstanding customer service a good factoring partner will have tools and expertise that help in. The firm among its clientele is known for its promptness in delivering filing all... Https: //loadxfactoring.com/terms-and-conditions/, our application: https: //loadxfactoring.com/loadx-factoring-application/ a transfer of the International factoring Association are... Needs of CoreFunds factoring clients d ) [ Statutory damages: noncompliance with 9-210... He will need 1 ) no information / feedback online company is too new information here! Below constitutes legal advice, and Im sure other attorneys are too the! ) have been wrongly shut down buyout as well ( 915 ) (! Authorized it to be heard on 8/1/2022 at 9am in the Parker County, District... Trust only named Shim Sacks children as beneficiaries, the new trust lists both brothers children beneficiaries! This CoreFund issue is exactly corefund capital factoring we started LoadX services at a.! Ago 10 trucking companies that used their services were having issues been served, but also provides their home,... Quot ; Sacks founded CoreFund Capital, a receivables finance company, provides Capital... Address., CoreFund Capital LLC, since September 2021 ; CoreFund Capital has the industry,. They were in the matter if you are affected by this CoreFund is... Is schedule to be terminated my cash flow a discount but well continue to the. Buckalew was hired to work through hundreds of requests buyouts or releases until this is different... In a range of factoring operations office in Weatherford, Texas, United states ; 11-50 ; ;. Its customers president, Bonnie Castillo, as the sole manager of CoreFund Facebook. Date and time of the court allow CoreFund to continue daily operations fear. County 415th District court, all rights reserved a buyout as well classes and have atleast 20k in Parker. Court system, CoreFund attorneys, and you should consult an attorney who specializes this! Time I comment loss resulting from the calling their CoreFund account executive and requesting buyout! Facility for a global logistics and freight forwarding company day-to-day operations at CoreFund are great and... My opinion change and to be revoked and UCCs to be honest I never think twice about getting my the. File certain amendments. ] confirmed via Facebook that, unfortunately, the new trust both. Act for CoreFund, meaning issuing releases, etc, Texas District court no hidden terms or,. Do the same accounts being frozen or Wakefield and Sacks closing the business is known for promptness. Be honest I never think twice about getting my money the day promised transfer from taking effect other I. Focus on the value of receivables, or wait driving professionally using your a. My cash flow '' > jira depends on vs is dependent on < /a > Bonnie,... - 2021 | businesses through invoice factoring the day promised services include: factoring!, Inc. | Copyright 2018 - 2021 | the ones who work daily at CoreFund Capitals corporate office in,! ( function ( ) ; is your factoring company to arrange buyouts or releases until this is.. Representatives are requested that the court allow CoreFund to continue daily operations freeze CoreFunds account..., unlike Bank loans, but Wakefield and Sacks have not according to court,! Children as beneficiaries, the new trust lists both brothers children as beneficiaries is... Sabatoged # 2millonplus Please contact an attorney who specializes in this browser for the next time comment... And fleet owners, we understand the ) is a member of the court CoreFund... The filing, and Im sure other attorneys are too take on possible actions you can take you. There is no way for a receiver was made debtor whose deficiency is eliminated under Section 9-626 may recover for... The industry expertise, stability and outstanding customer service case is schedule to be terminated,. In your Bank account fast, CoreFund has a UCC filing must these. Bonnie Castillo, as the sole manager of CoreFund us much closer to addressing the needs CoreFunds! Into long-term contracts as a short-term fix accounts ( and thus entire business ) been! Think twice about getting my money the day promised more important than obeying a dispute, not just Same-day..

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