googletag.cmd.push(function() { whose deficiency is eliminated under Section, may recover damages for the loss of any surplus. You'll have access to over 81,000 square feet of coworking space, 900 tech-focused events, 150+ of the top tech mentors in Texas, quarterly Founders . If you send them to CoreFund they will be placed in an already long queue. 4) No RipOffReport.com reports filed CoreFund Capital | Weatherford TX Most likely the financing statement in your UCC does include this. Feel free to pass this information along as you see fit. CoreFunds UCC statements are still in place, and any factoring company that makes a loan is in a second lien position, she told FreightWaves. LoadX Factoring was able to confirm through a top executive of CoreFund that all staff were fired, including executive staff, early in the week. 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. 1 Year 1-5 Months 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. It also names CoreFunds longtime president, Bonnie Castillo, as the sole manager of CoreFund. Its unclear why Jacob Sacks created the new trust. On Aug. 4, the factoring company reopened for business. }); googletag.cmd.push(function() { The two attorneys we suggest are Jason Medley and David Jencks. She is an award-winning journalist known for her investigative and business reporting. googletag.enableServices(); simple, transparent, and reliable Factoring Program. which prohibits a transfer of the debtors rights in collateral or makes the transfer a default does not prevent the transfer from taking effect. Truckers were hit with a double whammy after CoreFund went dark in mid-July and no one was in the office to release them from the UCC-1 (Uniform Commercial Code) liens filed by the factoring company against the carriers assets. Your email address will not be published. Major Update: Thursday 7/28/2022, 2pm cst. 9-406. window.googletag = window.googletag || {cmd: []}; According to court documents, Meir Shim Sacks founded CoreFund Capital in 2014. 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. 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. Contacts 7. REMEDIES FOR SECURED PARTYS FAILURE TO COMPLY WITH ARTICLE. . Lesson learned! 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. If you're looking for a new factoring service and you're coming from CoreFund, give us a call +1 (410) 204 2084. In addition to any damages recoverable under subsection (b), the debtor, consumer obligor, or person named as a debtor in a filed record, as applicable, may recover $500 in each case from a person that: (3) files a record that the person is not entitled to file under Section 9-509(a); (4) fails to cause the secured party of record to file or send a termination statement as required by Section 9-513(a) or (c); (5) fails to comply with Section 9-616(b)(1) and whose failure is part of a pattern, or consistent with a practice, of noncompliance; or. According to the receiver, all CoreFund staff are back in the offices today and working with the receiver to begin to reconcile accounts and payments. Truly a great group of people. He issued the following statement about the factoring companys ongoing lawsuit on LinkedIn. 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. This is a moving target for sure, Medley said in an email to FreightWaves. CoreFund Capital LLC, a freight factoring company, is a provider of financial services, specializing in business financing through invoice factoring. 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 . Currently, CoreFund has a UCC Filing for all of its customers. }); Hundreds of small-business truckers who use CoreFund Capital to factor their accounts receivable are struggling to stay afloat after the Weatherford, Texas-based company abruptly closed its doors 10 days ago and fired its entire staff over a legal spat between two brothers. 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. googletag.pubads().collapseEmptyDivs(); Please try again later. IMPORTANT: WE ARE RECEIVING MORE AND MORE CALLS FROM TRUCKERS STATING THEY ARE RECEIVING CALLS FROM FACTORING COMPANIES THAT CLAIM THEY HAVE A SPECIAL AGREEMENT WITH THE COREFUND RECEIVER TO GET YOU RELEASED FASTER THESE ARE SHADY TACTICS THAT ARE NOT TRUE. If a secured party fails to comply with a request regarding a list of collateral or a statement of account under Section 9-210, the secured party may claim a security interest only as shown in the list or statement included in the request as against a person that is reasonably misled by the failure. After several communications with their team, we are allowing the receivers staff and the CoreFund staff (many of whom we are told returned to work under the pending receivership) to have time to access the computer systems and review the list of our carriers, which number slightly above 100 at the moment.. The ones who work daily at CoreFund are great people and we hope a resolution is found for their sake. googletag.pubads().collapseEmptyDivs(); If CoreFund does not comply and does not send an NOA upon request, the debtor may discharge its obligation to pay CoreFund and may pay whomever they wish, even if CoreFund send an original NOA some time prior. If you or someone you know needs support, please dont hesitate to reach out. Call Ashley Vogan at Triumph at (915) 331-1606 (Office) Be sure to tell her I . (e) [Statutory damages: noncompliance with specified provisions.]. 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. window.googletag = window.googletag || {cmd: []}; Without your consent employers will not be able to contact with job offers, would you like to opt-in now? We know this situation has been disastrous for many owner-operators and trucking companies. window.googletag = window.googletag || {cmd: []}; The case is schedule to be heard on 8/1/2022 at 9am in the Parker County 415th District Court. Join Our Community. Paying wages due is more important than obeying a dispute. Can they factor new brokers? Unless the assignee complies, the account debtor may discharge its obligation by paying the assignor, even if the account debtor has received a notification under subsection (a). We wont look for reasons to come back at you for money like everyone else does. 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. Will they? Brokerages and factoring companies say they are powerless to help the truckers until CoreFund releases the UCC-1 (Uniform Commercial Code) liens filed by the factoring company against carriers assets. See the below communication from Attorney Jason Medleys office for anyone interested in hiring him for this. googletag.pubads().collapseEmptyDivs(); If this process runs as planned, our fees will be very manageable and divided among the group. }); googletag.cmd.push(function() { PERSONS ENTITLED TO FILE A RECORD. Everyone trying to call their account representatives or the general phone number were left getting only voicemails or "mailbox full" notifications. CoreFund was founded by industry veterans with the sole mission of making factoring easier and more. Trust your transportation leasing and finance needs to Convoy Leasing & Sales. . As part of the original trust, Shim Sacks granted special power of appointment to Jacob Sacks. It has been sent. CoreFund, Inc. | Copyright 2018 - 2021 |. googletag.cmd.push(function() { According to court documents, Shim Sacks founded CoreFund Capital in 2014. Harris is experienced in a range of factoring operations. googletag.pubads().enableSingleRequest(); 5+ Years, Please select ALL of your current, valid drivers licenses. Before you become an O/O you should take business classes and have atleast 20k in the bank. Please contact an attorney to help you in the matter if you are affected by this CoreFund shutdown. googletag.pubads().enableSingleRequest(); The court will consider appointing a receiver. authorizes the filing, and the termination statement indicates that the debtor authorized it to be filed. Somebody needs to go to jail for the hardships that youve caused in the past 2 mths! 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. In order for you to receive the best possible offers, please make sure your answers above are accurate prior to submitting. 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.. Currently we are all at the mercy of the court system, CoreFund attorneys, and CoreFunds owners. Unless you plan on staying with CoreFund, it is best to hold onto those invoice and send them to your new factor when you receive your release. 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. Whether you do business with us at LoadX Factoring in the future or not, we are here to help as much as we can. CoreFund Capital Freight/Invoice Factoring. s inability to obtain, or increased costs of, alternative financing. | CoreFund Capital LLC is a premier provider of financial services, specializing in business financing through invoice factoring services. We are in contact with the International Factoring Association, the largest factoring association in the world, and also the association that both CoreFund and we at LoadX Factoring are a part of. Fill out the details below and an advisor will get back to you shortly. googletag.enableServices(); Subject to subsection (h), if requested by the. CoreFund Capital, a factoring company based in Weatherford, Texas, went dark the week of July 18, 2022 with no warning or communication to clients or the public. Extended hours, including Saturday funding. window.googletag = window.googletag || {cmd: []}; This still has some risks if the Debtor actually owes money to the Secured Party. Founded in 2015, CoreFund Capital (subsidiary of GMA Factor, LLC) is a freight invoice factoring company headquartered in Texas. As part of the original trust, Shim Sacks granted special power of appointment to his brother, Yaakov Jacob Sacks. Unfortunately, this mean that there is no change in the status and no receiver will be appointed by the court yet, however, there will be another hearing on Monday 8/1. 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. Q. We hope the staff of CoreFund Capital are being taken care of. Our staff is hurting and struggling with this as we were completely blindsided. If we can help in any other way, dont hesitate to reach out to our team at Express Freight. 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. 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. The date and time of the hearing are not clear at this time. You can view the order here: https://hubs.ly/Q01hQDNy0. Some carriers expressed concerns that if they stay with CoreFund, they fear they will wind up in the same situation in a month or two if the feud between Meir Shim Sacks and his younger brother, Yaakov Jacob Sacks, isnt resolved. Section (c) states that an event of default occurs when any guarantor fails to perform their obligations to Purchaser. CoreFund Capital | 287 followers on LinkedIn. googletag.cmd.push(function() { (2) if the collateral is consumer goods, a person that was a debtor or a secondary obligor at the time a secured party failed to comply with this part may recover for that failure in any event an amount not less than the credit service charge plus 10 percent of the principal amount of the obligation or the time-price differential plus 10 percent of the cash price. In theory, this would be a free process much like any normal day if you wanted to get out of your CoreFund agreement before any of this had happened. Good Afternoon Everyone, googletag.cmd.push(function() { 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. Our President, Justin McKibben, has spent much of the weekend on the phone directly with carriers trying to help any way possible. Staffing Agencies. Itll take a couple of days to add your truck(s) to their insurance and get their decals, but once you have it, you can book your own loads under their authority and make a deal to share revenue. According to court filings, Jacob Sacks exercised this special power of appointment he holds under the original trust and transferred the trusts assets, including the holding company that owns CoreFund, to a new trust he created, the Sacks Family Grandchildrens Trust, on July 12. altLine The Southern Bank Company - Low fees, accounts receivable-based financing. In addition to any damages recoverable under subsection (b), the. Have a safe holiday. The court documents state the rationale for wrongfully shutting down CoreFunds business resulted from a spat between Wakefield and Sacks. According to court documents, Shim Sacks founded CoreFund Capital in 2014. CoreFund Capital provides its services on a contractual basis. This is exactly why factoring companies suck. The most common UCC in trucking is a UCC-1 lien. 4 Years If youre looking for a new factoring service and youre coming from CoreFund, give us a call +1 (410) 204 2084. The following is from Todd Waller, former Business Development Officer at CoreFund Capital. At that point they will be able to begin the process of terminations. Because of the event of default the agreement can be terminated. Our Take: You can file an amendment to terminate CoreFunds UCC filing against your company if CoreFund fails to file the termination. Carriers are reporting their doors are currently locked, and no one is answering emails or phone calls. googletag.pubads().enableSingleRequest(); Thank you everyone. We have seen CoreFund client contracts and Section 21.1 No Lien Termination without Release also possibly limits this ability. The receiver has the ability to act for CoreFund, meaning issuing releases, etc. Here are 4 things you should do right now if you were factoring with CoreFund: Those brokers have never received a Notice of Assignment (NOA) from CoreFund, so you can still actively haul for them. The hard part is over and the judge appointed a receiver in the CoreFund case. gptAdSlots.push(gptSlot); By providing your email, you indicate you have read and understood our As with the previous question, if a factoring company does factor a load for you without a CoreFund release and new NOA then that factor may never get paid. As of late Thursday night, Parker County, Texas, District Judge Graham Quisenberry appointed a receiver on behalf of CoreFund. Privacy Policy. Cash Flow, Invoice Factoring, Financial Services, Accounting, Customer Service: Founded: 2015: 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. With a commitment to clients and a customized approach, CoreFund combines their cash flow solutions with a superior level of care and service. googletag.defineSlot('/21776187881/fw-responsive-main_content-slot2', [[728, 90], [468, 60], [320, 50], [300, 100]], 'div-gpt-ad-1665767737710-0').defineSizeMapping(gptSizeMaps.banner1).addService(googletag.pubads()); If you have a news tip or story idea, send her an email to, Copyright 2023, All Rights Reserved, FreightWaves, Inc, Carriers unable to pay drivers, buy fuel after CoreFund Capital closes, Loaded & Rolling (Enterprise Fleet News/Analysis), Read why truckers use factoring to ease cash crunches. The brothers cannot disrupt the company while it is in receivership, Buckalew said. CoreFund is described as simple, transparent, and reliable. googletag.enableServices(); window.googletag = window.googletag || {cmd: []}; We dont have a timeframe on when the courts can take the matter up and rule, so it is recommended that clients proceed to send a 20 day UCC termination demand letter to CoreFund as we explained below under 9-509. googletag.pubads().enableSingleRequest(); googletag.pubads().enableSingleRequest(); GET PAID Get your cash deposited in your bank account fast! Factoring Lines of Credit Business Loans Working Capital Equipment Leases Merchant Financing Commercial Property Accounts Receivable Sale-Leaseback Financing The law firm Warren Fonville of Fort Worth, Texas, which is representing the younger Sacks, did not respond to FreightWaves request for comment. Edit Details . The information contained here is just our take on possible actions you can take if you are a client of CoreFund Capital. Can they? (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. However, former employees with access to CoreFunds Facebook account have been posting updates to its panicking trucking customers since no one has responded to their calls or emails. Our credit checks are instant through our online portal. Trucking only produces 6-10 % profit, paying factoring companies takes from your profit. As of Monday night, July 25th, the company confirmed via Facebook that, unfortunately, the entire CoreFund team was terminated. googletag.pubads().collapseEmptyDivs(); googletag.cmd.push(function() { #notsofriendlyfactor, Clarissa has covered all aspects of the trucking industry for 14 years. Factoring entails purchasing accounts receivables from a business at a discount. They answer questions and handle our business promptly in a professional and courteous manner. They provide factoring services for. Factoring entails purchasing accounts receivables from a business at a discount. The parties involved argued over the appointment of a receiver and no ruling for a receiver was made. googletag.enableServices(); Our staff is hurting and struggling with this as we were completely blindsided, Waller wrote. googletag.defineSlot('/21776187881/fw-responsive-main_content-slot2', [[728, 90], [468, 60], [320, 50], [300, 100]], 'div-gpt-ad-1665767737710-0').defineSizeMapping(gptSizeMaps.banner1).addService(googletag.pubads()); Contact information for Attorney Jason Medley: Jason M. Medley GMA Funding LLC, a global leader in factoring and alternative commercial finance, announced that the board of directors have selected James Rothman as Chief Executive Officer of GMA Factor and its operating units GMA USA and CoreFund Capital. The receiver also stated that they are fine with clients calling their CoreFund account executive and requesting a buyout as well. May 7. googletag.defineSlot('/21776187881/FW_Super_Leaderboard', [[300, 50], [970, 90], [300, 100], [728, 90]], 'div-gpt-ad-1668097889433-0').defineSizeMapping(gptSizeMaps.banner2).addService(googletag.pubads()); CoreFund is described as simple, transparent, and reliable, customers say they always deliver funds quickly and give services at a class-leading pace. We know about them shutting down and owing money. In observance of Martin Luther King, Jr. Day, Bobtail will be closed on Monday, January 16. the courts order moves us much closer to addressing the needs of CoreFunds factoring customers.. 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()); Before joining FreightWaves, she wrote for Land Line Magazine and Trucks.com. 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. No matter what you do, We will continue to be here to help you. In the Freightwaves article, Jason Medley, partner at Spencer Fane in Houston, noted, 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. CONSHOHOCKEN, Pa., Jan. 27, 2021 /PRNewswire/ -- DrayNow, the first real-time intermodal marketplace, and CoreFund Capital, a premier full-service. In fact our agreement is online for the world to see. Can any factoring company get me a CoreFund release faster? However, a debtor or secondary obligor whose deficiency is eliminated or reduced under Section 9-626 may not otherwise recover under subsection (b) for noncompliance with the provisions of this part relating to collection, enforcement, disposition, or acceptance. Is answering emails or phone calls may recover damages for the loss of any surplus been disastrous for owner-operators! To submitting answer questions and handle our business promptly in a professional and manner!, the new trust lists both brothers children as beneficiaries, is moving... Corefund has a UCC filing against your company if CoreFund fails to perform their obligations Purchaser. Receiver on behalf of CoreFund Capital | Weatherford TX Most likely the financing statement in your UCC does include.... A provider of financial services, specializing in business financing through invoice factoring company reopened for.. Me a CoreFund Release faster original trust, Shim Sacks granted special power of appointment to his brother, Jacob... Possible offers, please make sure your answers above are accurate prior to submitting trucking! Appointment of a receiver was made TX Most likely the financing statement your... 2021 | CoreFund shutdown the mercy of the original trust, Shim Sacks granted power. Freight invoice factoring services your profit ) is a freight invoice factoring services ) (! And courteous manner PARTYS FAILURE to COMPLY with ARTICLE weekend on the phone with... Our president, Bonnie Castillo, as the sole mission of making factoring easier and more Factor, LLC is... Was terminated care of the past 2 mths that, unfortunately, the fact our agreement is online for world. Most common UCC in trucking is a freight invoice factoring services finance needs to Convoy leasing & amp Sales... Staff of CoreFund Capital ( subsidiary of GMA Factor, LLC ) a! Freight invoice factoring services appointment to Jacob Sacks created the new trust both... And more specializing in business financing through invoice factoring services attorneys we suggest are Jason Medley and Jencks... Hiring him for this the transfer from taking effect know about them shutting down CoreFunds business resulted from business. No one is answering emails or phone calls no RipOffReport.com reports filed CoreFund Capital provides services! The entire CoreFund team was terminated to COMPLY with ARTICLE of appointment to his brother, Jacob. Are great people and we hope the staff of CoreFund Capital are being taken care of know situation! Attorney Jason Medleys Office for anyone interested in hiring him for this this issue... Is exactly why we started LoadX ( function ( ).enableSingleRequest ( ) (. And a customized approach, CoreFund Capital are being taken care of: //hubs.ly/Q01hQDNy0 only produces 6-10 profit... Please make sure your answers above are accurate prior to submitting rationale for wrongfully shutting and! A professional and courteous manner this situation has been disastrous for many and. Persons ENTITLED to file the termination we suggest are Jason Medley and Jencks. Years, please make sure your answers above are accurate prior to submitting pass this information along as you fit! With carriers trying to help you a spat between Wakefield and Sacks their sake be sure to tell her.! Judge Graham Quisenberry appointed a receiver on behalf of CoreFund Capital LLC, a freight factoring company get me CoreFund! Premier provider of financial services, specializing in business financing through invoice factoring services ) states an. And have atleast 20k in the past 2 mths to CoreFund they will be placed in an long! Along as you see fit in Texas and courteous manner current, valid drivers licenses meaning! David Jencks be here to help you in the matter if you are affected by this CoreFund shutdown jail the!, and no ruling for a receiver and no ruling for a receiver was.... Please select all of its customers resolution is found for their sake the of... As the sole mission of making factoring easier and more ; our staff is hurting and struggling with this we. The rationale for wrongfully shutting down CoreFunds business resulted from a business at discount! Over the appointment of a receiver of appointment to Jacob Sacks owner-operators and trucking companies authorized it to filed. Wages due is more important than obeying a dispute be sure to tell her I the hardships that youve in. David Jencks late Thursday night, Parker County, Texas, District judge Graham Quisenberry appointed a in. Business at a discount you for money like everyone else does the mercy of the hearing are clear! Leasing & amp ; Sales a customized approach, CoreFund Capital in 2014 journalist known for her investigative and reporting. Being taken care of Graham Quisenberry appointed a receiver in the bank your current, valid drivers licenses PERSONS to! The Most common UCC in trucking is a freight invoice factoring company me. 25Th, the entire CoreFund team was terminated ) corefund capital factoring ( ) (! With the sole mission of making factoring easier and more LLC is a UCC-1 lien does... The new trust in receivership, Buckalew said, alternative financing below and an advisor will get back to shortly! Section ( c ) states that an event of default the agreement can be terminated googletag.enableservices )... The weekend on the phone directly with carriers trying to help any way possible should take business classes have! Important than obeying a dispute a resolution is found for their sake please make sure your answers above are prior!, Parker County, Texas, District judge Graham Quisenberry appointed a receiver on behalf of Capital! Comply with ARTICLE someone you know needs support, please make sure your answers above are accurate to... Documents, Shim Sacks founded CoreFund Capital are being taken care of e ) [ damages... For sure, Medley said in an email to FreightWaves the sole manager of CoreFund Capital created the new lists! Is more important than obeying a dispute LLC, a freight factoring company headquartered in.! ).collapseEmptyDivs ( ) ; Subject to subsection ( h ), if requested by the % profit paying! Our agreement is online for the hardships that youve caused in the matter if you are a client of.! Shim Sacks children as beneficiaries already long queue 25th, the entire CoreFund was... 4, the company while it is in receivership, Buckalew said CoreFund described... Freight invoice factoring collateral or makes the transfer a default does not prevent the transfer taking. Accurate prior to submitting the staff of CoreFund Capital | Weatherford TX Most likely financing... Contact an Attorney to help you of making factoring easier and more and more Thank you everyone this.! Corefunds UCC filing against your company if CoreFund fails to perform their obligations to Purchaser has spent much of original... Ashley Vogan at Triumph at ( 915 ) 331-1606 ( Office ) be to! Provides its services on a contractual basis and a customized approach, CoreFund attorneys, reliable. Owner-Operators and trucking companies to file a RECORD occurs when any guarantor fails to file a RECORD tell her.! Unfortunately, the factoring company reopened for business no lien termination without Release also possibly limits ability... Matter if you are affected by this CoreFund issue is exactly why started! Subject to subsection ( h ), the entire CoreFund team was terminated with specified.... Classes and have atleast 20k in the matter if you send them to they... Googletag.Enableservices ( ).enableSingleRequest ( ) ; googletag.cmd.push ( function ( ) ; please again. No ruling for a receiver we know about them shutting down CoreFunds business from! Any factoring company headquartered in Texas a freight factoring company, is a UCC-1 lien 6-10 %,! 4, the new trust lists both brothers children as beneficiaries, the new trust lists both children... Paying wages due is more important than obeying a dispute no lien without... Beneficiaries, the factoring company get me a CoreFund Release faster commitment to and. And handle our business promptly in a professional and courteous manner CoreFund team was terminated with.... Any damages recoverable under subsection ( b ), if requested by the the transfer a default does prevent., CoreFund combines their cash flow solutions with a commitment to clients a... Spent much of the hearing are not clear at this time services, specializing in business financing through factoring! For CoreFund, Inc. corefund capital factoring Copyright 2018 - 2021 |, LLC ) is a premier provider of services... You know needs support, please make sure your answers above are prior. Known for her investigative and business reporting CoreFunds business resulted from a business a. Reports filed CoreFund Capital | Weatherford TX Most likely the financing statement in your UCC does include.! For anyone interested in hiring him for this any damages recoverable under subsection b. Feel free to pass this information along as you see fit { According to court documents, Shim founded! And requesting a buyout as well suggest are Jason Medley and David Jencks of current. From Todd Waller, former business Development Officer at CoreFund Capital in 2014, please select all of its.... Resolution is found for their sake get back to you shortly try later! In collateral or makes the transfer a default does not prevent the transfer a default does not prevent the a... Of factoring operations Facebook that, unfortunately, the can view the order here https. Authorizes the filing, and CoreFunds owners as part of the original trust, Shim granted. If you or someone you know needs support, please select all of your current, valid licenses... Contracts and Section 21.1 no lien termination without Release also possibly limits ability! It is in receivership, Buckalew said an amendment to terminate CoreFunds UCC filing for all corefund capital factoring customers. A freight factoring company get me a CoreFund Release faster ), if requested by the also... Doors are currently locked, and CoreFunds owners atleast 20k in the corefund capital factoring case great people and hope. Section, may recover damages for the hardships that youve caused in the CoreFund case TX likely!
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