TelexFREE – Top 30 Affiliates Commissions Frozen

 

According to the court fillings TelexFREE has publish a list of the Top 30 largest unsecured claims.

TelexFREE is a private company headquartered in Marlborough, Mass., with offices in a number of regions around the world.

The company has filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code, in an effort to address certain operational challenges.

Pursuant to the Bankruptcy Code, a debtor is afforded certain protection against its creditors; the Bankruptcy Code prohibits creditors from taking certain actions related to debts that may have been owing prior to the commencement of the Bankruptcy Cases.

It looks like the Top Earners have a problem:

 

Telexfree Top 30 Claims

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