Gold-Silver.us is full of misinformation!!

[Plastic]

In at least one forum (gold-silver.us), misinformation is rampant. Some are considering paying an attorney hundreds of dollars (or more) to help them file a Proof of Claim.

Here is what one law firm (http://www.alperlaw.com/bankruptcy/chapter-11-bankruptcy/chapter-11-debtor-creditor/) says:
Chapter 11 creditors do not have to file claims so long as they are listed on the schedules and don’t object to the way they are being treated. Without filing any claim, the creditor are still eligible to receive a distribution if they are listed on the debtor’s schedules. If a creditor is omitted from the schedules or if they disagree with how they are being classified and treated on the schedules, a creditor must file a claim.


http://about.ag/BullionDirect.htm


In regards to the Bullion Direct bankrupture.

:o

Nothing like being called out I 'spose.

[madfranks]

Ha ha, we are famous! Here's a screenshot:

http://s23.postimg.org/ws40nr56z/gsus.jpg

[Plastic]

We get mentioned twice that I can see.

Look what it says just a little further down about filing a claim!!

No Rush July 22, 2015 8:05PM EST
I posted yesterday a link to the notice the court filed. It mentions the Proof of Claim form and a whole bunch of other stuff, in words intended for laypeople, but still difficult to understand. I want to emphasize that while the Proof of Claim bar date (deadline) has been set, it is about 4 months away (as I write this), and the Proof of Claim form is likely not necessary (but please assume that it is required unless you find out otherwise).

[ximmy]

This means people are visiting this forum and finding relevant information that is upsetting the status quo...

[Ares]

This means people are visiting this forum and finding relevant information that is upsetting the status quo...

Shhh don't spook the controllers. They haven't finished pillaging yet.

[7th trump]

This means people are visiting this forum and finding relevant information that is upsetting the status quo...

No....it means exactly what it says......theres people on here yapping their damn useless mouths about legal stuff they dont have a single clue about....just regurgitated conspiracy website drama that you can never get a straight answer.

And now you are patting yourself on the back ignoring what the truth is by believing it must be true because we were mentioned on another website.
If that isnt insanity I dont know what is.

Bahahahahahahahahahahahahahahaha

[ximmy]

No....it means exactly what it says......theres people on here yapping their damn useless mouths about legal stuff they dont have a single clue about....just regurgitated conspiracy website drama that you can never get a straight answer.

And now you are patting yourself on the back ignoring what the truth is by believing it must be true because we were mentioned on another website.
If that isnt insanity I dont know what is.

Bahahahahahahahahahahahahahahaha

http://gold-silver.us/forum/attachment.php?attachmentid=7753&d=1438378837
7753

[singular_me]

as long as GSUS doesnt sell any products or LEGAL advice officially - using the word 'misinformation' is misinformation itself, if not disinfo.

[Jewboo]

This means people are visiting this forum and finding relevant information that is upsetting the status quo...

But...but...but racist nazis here chased everyone away.


:)

[Hitch]

I always knew you guys were full of shit. :D

[Glass]

Never saw this thread before. Very sweeping and erroneous thread topic. I don't think there was any misinformation on my part. I did not see any from anyone else.

I wonder what the OP's angle is? Are you trying to limit the number of people who file a claim?

Why would you pay an attorney hundreds of dollars for anything? Complete the form yourself. Type up a list of your transactions and attach it as an appendix. Simple.

What one law firm says is correct. You either go in as unregistered, unable to vote or you file a claim so you can vote. The quoted text supports this. This is what I suggested and the reason why is because of the last sentence from "some law firm".


If a creditor is omitted from the schedules or if they disagree with how they are being classified and treated on the schedules, a creditor must file a claim.

When you go to a creditors meeting several things will be discussed. Usually the Number One thing. Let me repeat, usually the #1 thing that gets dealt with is a Deed of Arrangment for the Directors. THis is where the Directors beg their secured or registered creditors to be able to keep their car, house and retirement funds. The Directors will make friends with or setup structures so that they get an advantageous vote.

The prepared Director will seek to limit their personal liability and the best way to do this is not have people vote against them.

So if you want to get screwed even more, seeing as the company was being run as a ponzi scheme, from the outset you would have to worry about the honesty of the Directors, don't register. Go in as a general creditor and just accept the votes made by other people that will affect your situation.

If you want to have some kind of vote on the winding up or otherwise then register. The OP doesn't declare their interest which is why I question the sweeping claim which is based on a lack of comprehension not misinformation. Are they trying to minimize the number of voters?

I should point out that if you go in as unregistered to vote and they do in fact vote on a Deed of Arrangement and you object it's tough cheese for you. You can change your status going forward but the damage will most likely have been done and undo-able without serious court time.

[Ponce]

If you need toilet paper....come to Ponce.

V

[Serpo]

If you need toilet paper....come to Ponce.

V


Living in OZ , mighten be able too hold on that long.............

[Plastic]

Are you kidding me Glass??
I was simply poking fun at a derogatory write-up mentioning this site, put the feet up and relax.

[Glass]

Thanks Plastic.

I just want to be sure there is no misinformation and people don't get screwed even more.:D

Quoting from that link, as it has been added to:

Please be aware that there is dangerous misinformation being spread in some forums (e.g. gold-silver.us). For example, some people are urging customers to file a Proof of Claim immediately, claiming dire consequences otherwise. However, the Proof of Claim form (a public document) is usually not necessary in Chapter 11 cases (and in fact, it is impossible to tell yet if you must file, as the schedules have not yet been filed). When it is necessary, it is required by the Bar Date (November 23, 2015 in this case), *not* the date of the Creditors' Meeting. And there is no voting at a Creditors' Meeting; it is a chance to asked the debtor (Bullion Direct) questions under oath.
If in doubt (remember, what I write could be wrong as well!), do your own research, or hire an attorney. Or at the very least, ask for a reference source (such as a link to a webpage at the bankruptcy court or attorney's office). The last thing customers need is more headaches.



You guys must do it very differently there then if there are no votes during creditor meetings.

As for claiming that peoples should not submit their claims because someone claimed 10 Oz of silver was worth $3 million. I don't think that is really an appropriate example of a valid reason not to file.

Anyway advice still stands file by the deadline.

And it sounds like they simply syphoned the money out and into another company.

I thought the situation with the unpresented checks was interesting. They had $500K of uncashed checks and they intended to cash them even after they went broke. I'd be cancelling any of those that were mine if I could.