In re: Think Finance, LLC, et. al.Case No. 17-33964 (HDH)
United States Bankruptcy Court,
Northern District of Texas, Dallas Division
IF YOU RECEIVED A POSTCARD OR EMAIL NOTIFICATION CONCERNING A LOAN YOU OBTAINED FROM FIRST BANK OF DELAWARE OR A NATIVE AMERICAN TRIBAL LENDER:
On October 23, 2017,Think Finance, LLC (“Think Finance”) and six (6) affiliated entities (collectively with Think Finance, the “Debtors”) filed petitions in the United States Bankruptcy Court for the Northern District of Texas seeking relief under chapter 11 of the United States Bankruptcy Code. The Debtors’ cases have been assigned to Judge Harlin D. Hale. The Bankruptcy Court has ordered that these cases be jointly administered for procedural purposes, meaning that all pleadings filed in these cases will be reflected on the case docket for Think Finance, LLC, Case No. 17- 33964 (the “Main Case Docket”). The Main Case Docket can be accessed through the website maintained by the United States Bankruptcy Court for the Northern District of Texas (http://www.txnb.uscourts.gov/).
Think Finance is a leading provider of financial technology services that has improved its clients’ ability to market, underwrite and service loans for more than fifteen years. Think Finance intends to utilize the court-supervised process to accelerate the resolution of a dispute with parties defaulting on their obligations to subsidiaries of Think Finance in order to free up liquidity to meet the company’s post-petition obligations to employees and vendors. The company believes that it will be successful in obtaining court approval to continue operations in the ordinary course.
If you believe you might be a creditor in the bankruptcy and you seek to take action, you may wish to seek legal advice. The staffs of the Bankruptcy Court Clerk, and American Legal Claims Services, LLC are not permitted to give legal advice.
Plan & Disclosure Statement
On September 26, 2019, the above-captioned debtors and debtors in possession (collectively, the “Debtors”) filed the following:
On September 30, 2019, the Court entered an Order (I) Approving the Disclosure Statement; (II) Establishing Procedures for Solicitation and Tabulation of Votes to Accept or Reject the Plan, Including (A) Approving Form and Manner of Solicitation Procedures, (B) Approving Form and Notice of the Confirmation Hearing, (C) Establishing Record Date and Approving Procedures for Distribution of Solicitation Packages, (D) Approving Forms of Ballots, (E) Establishing Deadline for Receipt of Ballots and (F) Approving Procedures for Filing Objections (A) to Confirmation of the Plan, and (B) to Proposed Cure Amounts; and (IV) Granting Related Relief [Doc. No. 1524] ("Solicitation Procedures Order"). DOWNLOAD SOLICITATION PROCEDURES ORDER
A Confirmation Hearing is scheduled for November 6, 2019, before the Honorable Harlin D. Hale at 9:00 a.m. (prevailing Central Time), at the United States Bankruptcy Court for the Northern District of Texas, US Federal Courthouse, 1100 Commerce Street, 14th Floor, Courtroom #3, Dallas, TX 75242. DOWNLOAD CONFIRMATION HEARING NOTICE
Class Action Settlement
On July 22, 2019, The United States Bankruptcy Court for the Northern District of Texas entered an order preliminarily approving a class action settlement. You can get more information about the settlement by visiting the settlement website at www.thinkfinancesettlement.com.
General Bar Date (Deadline to File Claims)
Pursuant to the Bar Date Order, the last date and time for filing proofs of claim for any claim against one or more of the Debtors that arose prior to the Petition Date (any such claim, a “Prepetition Claim”) is March 1, 2018 at 4:00 p.m. (prevailing Central Time) (the “General Bar Date”). Click Here to Download Court Approved Notice
For the avoidance of doubt, you MUST file a proof of claim by the General Bar Date if you have a claim that arose on or before the Petition Date, and it is not an Excluded Prepetition Claim (as defined in the Court approved notice) or subject to the Governmental Unit Bar Date (in the Court approved notice) or Rejection Bar Date (as defined in the Court approved notice). Click Here to Download Court Approved Notice
Note: American Legal Claim Services, LLC ("ALCS") maintains this website for the public's convenience at the direction of Hunton Andrews Kurth LLP, proposed counsel to the Debtor. While ALCS makes every attempt to ensure the accuracy of the information contained herein, this website is not the website of the United States Bankruptcy Court, and does not contain the complete official record of the Court. All documents filed with the Court are available for inspection at the Clerk of the Bankruptcy Court, Northern District of Texas, Dallas Division