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NO DEADLINE FOR FILING CLAIMS
The Bankruptcy Court has not set a deadline for filing any claims, including Guaranteed Price Refund Claims ("GPR Claims") against Automotive Professionals, Inc ("API"). Creditors will receive notice and directions regarding when and where to file claims against API at a later date.
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UPDATE (7/10/2008)
The Trustee is seeking proposals from qualified insurance carriers (rated A- or better by A.M. Best and Co.) alone or in conjunction with an acceptable automobile warranty servicing company, to run-off approximately 74,500 extended warranty vehicle service contracts. The formal Request for Proposal is posted here.
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UPDATE (7/1/2008)
TRUSTEE'S MOTION TO APPROVE
SETTLEMENT AGREEMENT JPMORGAN AND ITS AFFLIATES. SCHEDULED FOR JULY 17, 2008
The Trustee has filed a motion seeking to approve a
settlement agreement with JP Morgan Chase Bank N.A. and certain of its affiliates (collectively "Chase"). This motion is set for hearing on July 17, 2008 at 10:00 a.m.
If the settlement agreement is approved by the Bankruptcy Court, Chase will receive payment of $40,000.00 and approximately $10.5 million in all funds currently being held by Chase will be transferred to the Trustee.
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UPDATE (7/1/2008)
TRUSTEE'S SECOND MOTION TO APPROVE
UNITED CAR CARE, INC. SETTLEMENT AGREEMENT SCHEDULED FOR JULY 17, 2008
The Trustee has filed a motion seeking to approve a
settlement agreement with United Car Care, Inc., as agent for the following
dealers. This motion is set for hearing on July 17, 2008 at 10:00 a.m.
If the settlement agreement is approved by the Bankruptcy Court, all valid repair costs will continue to be paid pursuant to the terms of the vehicle service contracts sold by these automobile dealers. Guaranteed Price Refund Claims are not provided for under any settlement agreements proposed by the Trustee, such claims can be asserted directly against API's bankruptcy estate. The Bankruptcy Court has not set a deadline for filing any claims, including Guaranteed Price Refund Claims against Automotive Professional, Inc.
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UPDATE (7/1/2008)
TRUSTEE'S FOURTH MOTION TO APPROVE SETTLEMENT AGREEMENTS WITH CERTAIN DEALERS (FIRST COLONIAL INSURANCE COMPANY) SCHEDULED FOR JULY 17, 2008
The Trustee has filed a motion seeking to authority to enter into
settlement agreements with the following
dealers. These dealers have selected First Colonial Insurance Company as their new insurer. This motion is set for hearing on July 17, 2008 at 10:00 a.m.
If the settlement agreement is approved by the Bankruptcy Court, all valid repair costs will continue to be paid pursuant to the terms of the vehicle service contracts sold by these automobile dealers. Guaranteed Price Refund Claims are not provided for under any settlement agreements proposed by the Trustee, such claims can be asserted directly against API's bankruptcy estate. The Bankruptcy Court has not set a deadline for filing any claims, including Guaranteed Price Refund Claims against Automotive Professional, Inc.
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UPDATE (7/1/2008)
TRUSTEE'S MOTION TO APPROVE
SETTLEMENT AGREEMENT WITH IDEAL BUICK, INC. SCHEDULED FOR JULY 17, 2008
The Trustee has filed a motion seeking to approve a
settlement agreement with Ideal Buick, Inc. This motion is set for hearing on July 17, 2008 at 10:00 a.m. Ideal Buick, Inc. has select CNA Insurance Company as its new insurer.
If the settlement agreement is approved by the Bankruptcy Court, all valid repair costs will continue to be paid pursuant to the terms of the vehicle service contracts sold by these automobile dealers. Guaranteed Price Refund Claims are not provided for under any settlement agreements proposed by the Trustee, such claims can be asserted directly against API's bankruptcy estate. The Bankruptcy Court has not set a deadline for filing any claims, including Guaranteed Price Refund Claims against Automotive Professional, Inc.
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UPDATE (4/16/2007)
UNCLAIMED FUNDS PURSUANT TO
TRAVELERS SETTLEMENT AGREEMENT
On October 30, 2007, the Bankruptcy Court approved the Settlement Agreement that the Trustee reached with The Travelers Indemnity Company ("Travelers"). Pursuant to the Settlement Agreement, Travelers will continue to process and pay valid repair claims under Vehicle Service Contracts that are still in force and backed by Travelers. Please click
here for information regarding how valid repair claims will be handled.
On November 20, 2007, the Trustee sent letters to all automobile dealers regarding disbursements of funds.
As of April 15, 2008, nearly 600 DEALERS have not forwarded the necessary paperwork to the Trustee to claim their disbursements. If these Dealers do not claim these funds within the next 60 days, those funds may be forfeited to the API Bankruptcy estate. If you are a dealer on one of these two lists and want to claim your disbursement, please contact the Trustee.
List of Dealers that the mail was returned to the Trustee with no forwarding address
List of Dealers that have not responded to the Trustee
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UPDATE (4/15/2008)
HERB CHAMBERS COMPANIES SETTLEMENT APPROVED
On October 30, 2007, the Bankruptcy Court approved the settlement agreement with the Herb Chambers Companies. All claims related to a vehicle service contract purchased from the Herb Chambers Companies can be resolved by either (1) contacting the dealer directly; or (ii) calling CNA National Warranty Corporation at 1-800-722-4758.
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UPDATE (4/15/2008)
LINDSAY CHEVROLET, LLC AND ALEXANDRIA MOTOR CARS, INC.
SETTLEMENT AGREEMENT SETTLEMENT APPROVED
On April 10, 2008, the Bankruptcy Court approved the settlement agreement with Lindsay Chevrolet, LLC and Alexandria Motor Cars, Inc. All claims related to vehicle service contracts purchased from Lindsay Chevrolet, LLC and Alexandria Motor Cars, Inc. were resolved by this agreement. Details related to the handling and processing of claims will be available shortly.
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UPDATE (4/15/2008)
TRUSTEE'S MOTION TO APPROVE
UNITED CAR CARE, INC. SETTLEMENT AGREEMENT
SCHEDULED FOR MAY 1, 2008
The Trustee has filed a motion seeking to approve a settlement agreement with United Car Care, Inc., as agent for the following dealers. This motion is set for hearing on May 1, 2008 at 10:30 a.m.
If the settlement agreement is approved by the Bankruptcy Court, all valid repair costs will continue to be paid pursuant to the terms of the vehicle service contracts sold by these automobile dealers. Guaranteed Price Refund Claims are not provided for under any settlement agreements proposed by the Trustee, such claims can be asserted directly against API's bankruptcy estate. The Bankruptcy Court has not set a deadline for filing any claims, including Guaranteed Price Refund Claims against Automotive Professional, Inc.
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UPDATE 4/15/2008
TRUSTEE'S THIRD MOTION TO APPROVE SETTLEMENT AGREEMENTS WITH CERTAIN DEALERS (FIRST COLONIAL INSURANCE COMPANY) SCHEDULED FOR MAY 1, 2008
The Trustee has filed a motion seeking to authority to enter into settlement agreements with the following dealers. These dealers have selected First Colonial Insurance Company as their new insurer. This motion is set for hearing on May 1, 2008 at 10:30 a.m.
If the settlement agreement is approved by the Bankruptcy Court, all valid repair costs will continue to be paid pursuant to the terms of the vehicle service contracts sold by these automobile dealers. Guaranteed Price Refund Claims are not provided for under any settlement agreements proposed by the Trustee, such claims can be asserted directly against API's bankruptcy estate. The Bankruptcy Court has not set a deadline for filing any claims, including Guaranteed Price Refund Claims against Automotive Professional, Inc.
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UPDATE 4/15/2008
TRUSTEE'S MOTION TO APPROVE SETTLEMENT AGREEMENTS WITH
CERTAIN DEALERS (CNA NATIONAL WARRANTY CORPORATION) SCHEDULED FOR MAY 1, 2008
The Trustee has filed a motion seeking to approve a
settlement agreement with the following
dealers. These dealers have selected CNA National Warranty Corporation to handle and process claims. This motion is set for hearing on May 1, 2008 at 10:30 a.m.
If the settlement agreement is approved by the Bankruptcy Court, all valid repair costs will continue to be paid pursuant to the terms of the vehicle service contracts sold by these automobile dealers. Guaranteed Price Refund Claims are not provided for under any settlement agreements proposed by the Trustee, such claims can be asserted directly against API's bankruptcy estate. The Bankruptcy Court has not set a deadline for filing any claims, including Guaranteed Price Refund Claims against Automotive Professional, Inc.
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UPDATE 4/15/2008
TRUSTEE'S MOTION TO APPROVE BRIGHT WARRANTY SERVICES LLC SETTLEMENT AGREEMENT RESCHEDULED FOR MAY 1, 2008
The Trustee has filed a motion seeking to approve a settlement agreement with Bright Warranty Services LLC, as agent for the following dealers. This motion has been re-set for hearing on May 1, 2008 at 10:30 a.m.
If the settlement agreement is approved by the Bankruptcy Court, all valid repair costs will continue to be paid pursuant to the terms of the vehicle service contracts sold by these
automobile dealers. Guaranteed Price Refund Claims are not provided for under any settlement agreements proposed by the Trustee, such claims can be asserted directly against API's bankruptcy estate. The Bankruptcy Court has not set a deadline for filing any claims, including Guaranteed Price Refund Claims against Automotive Professional, Inc.
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UPDATE 4/15/2008
TRUSTEE'S MOTION TO APPROVE KENNY ROSS DEALERS SETTLEMENT SCHEDULED FOR MAY 1, 2008
The Trustee has filed a motion seeking to approve a
settlement agreement with Kenny Ross Chevrolet, Inc., Kenny Ross Chevrolet-Buick, Inc., Kenny Ross Chevrolet, Geo, Oldsmobile & Cadillac, Inc., Kenny Ross Ford, Inc., and Kenny Ross Fords South, Inc. (collectively the "Kenny Ross Dealers") This motion is set for hearing on May 1, 2008 at 10:30 a.m.
If the settlement agreement is approved by the Bankruptcy Court, all valid repair costs and Guaranteed Price Refunds claims will continue to be paid pursuant to the terms of the vehicle service contracts sold by Kenny Ross Dealers..
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UPDATE (2/11/2008)
PREMIER DEALER SERVICES' SETTLEMENT AGREEMENT APPROVED
On January 17, 2008, the Bankruptcy Court approved the Settlement Agreement with Premier Dealer Services.
If a consumer purchased a vehicle service contract from one of these DEALERS consumers can make a repair and/or a cancellation claim by contacting Premier Dealer Services:
Premier Dealer Services, Inc.
PO Box 23880
San Diego, CA 92193-3880
Phone: 888-438-0100
Facsimile: 858-522-6203
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This group currently includes dealers from NY, MD, MI, OH, and NJ.
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UPDATE (2/11/2008)
SECOND CERTAIN DEALERS SETTLEMENT APPROVED
On October 30, 2007 and December 20, 2007, the Bankruptcy Court approved settlement agreements in which CareGard Warranty Services, Inc. would handle and process claims for certain dealers.
If a consumer purchased a vehicle service contract from one of these
DEALERS consumers can make a repair and/or cancellation claim by contacting CAREGARD WARRANTY SERVICES, INC. directly at (888) 543-6343.
This group includes dealers from CT, NM, KY, MA, GA, SD, MI, AR, and MD.
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UPDATE (2/11/2008)
GILLMAN COMPANIES SETTLEMENT APPROVED
On December 20, 2007, the Bankruptcy Court approved the
settlement agreement with the Gillman Companies.
If a consumer purchased a vehicle service contract from one of these
DEALERS consumers can make a repair and/or a cancellation claim by contacting SERVICE GROUP at 877-565-0825.
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UPDATE (11/21/2007)
NEW CONTACT NUMBER FOR
MARATHON FINANCIAL SERVICES, INC. CLAIMS
Effective on December 10, 2007, consumers and dealers will need to call 1-800-682-9738 or fax 1-800-682-9142 to make a claim for Marathon-backed vehicle service contracts. These new contact numbers are to be used for vehicle service contracts issued by an automobile dealer in any of the following states: Texas, Illinois, North Carolina, Nebraska, Oregon, Utah, Virginia, and Washington.
There is currently no process for handling claims for Marathon-backed vehicle service contracts in any of the remaining states.
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Welcome to the Automotive Professionals, Inc.
Chapter 11 Case Administration Website
PLEASE SEE IMPORTANT NOTICES AND DOCUMENTS ON LEFT
On April 13, 2007, Automotive Professionals, Inc. (the "Debtor" or "API") filed a voluntary petition for reorganization under Chapter 11 of the Bankruptcy Code with the United States Bankruptcy Court for the Northern District of Illinois, Eastern Division (the "Bankruptcy Court"). The case has been assigned to the Honorable Carol A. Doyle as Case No. 07-B-06720.
On June 12, 2007, the Bankruptcy Court appointed Frances Gecker, an independent third party, to be the Chapter 11 Trustee for API (the "Chapter 11 Trustee"). The bankruptcy process will enable the Chapter 11 Trustee to propose a plan which will pay API's creditors from API's assets obtained and liquidated by the Chapter 11 Trustee.
This website will contain regular updates as to the status of the case, including: (i) answers to frequently asked questions; (ii) Notice of Commencement; and (iii) copies of court documents. As there are more than 300,000 consumer creditors involved and a limited number of people available to personally answer detailed questions, the Chapter 11 Trustee asks that all creditors review all the information and the documents contained on this website, prior to contacting the Chapter 11 Trustee or any other party currently involved in this case.
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