Debt Associates, LLC to Receive Additional Distributions

Written by Klaraos | 22 February 2010

It is with great enthusiasm that I get to share with you that additional claims have been returned from United States Debt Recovery. In the ten days, we have seen the return of payments from Pilgrim’s Pride ($14,732.18), Energy Partners ($48.94), and SemCrude ($198,887.36) for a total two week return of $213,668.48. This is combined with our previous returns in 2010 to give us great success in the early part of 2010.

Upon the accounting work done by our third party, non-affiliated CPA, we will be contacting each of you to determine where you would like to place your funds from these payouts. Additionally, we have requested a monthly status letter directly from United States Debt Recovery that we will supply to the investors upon receipt. The letter should document the proceedings; detail the purchases made and expected payouts for the upcoming months. Please look for these letters via email and US Mail in the coming weeks.

As always, if you have any questions about the fund, please do not hesitate to contact me, and I will be happy to provide you with an update.

Thanks,
Geoff Zahler