USDR
| 26 August 2010
Hi All,
It has been a while since we have updated the USDR performance. As many of you know, the summer months were expected to be lucrative as far as payments back to the fund, and this has proven to be true. On July 30, 2010, Debt Associates received $96,371.26. The distribution was a payment of several cases, but most notably part of the Six Flags bankruptcy and the Smurfit Stone bankruptcy. Then, on August 18th, another $235,899.44, which was comprised of a continued payment of the Six Flags bankruptcy and the Bill Heard Enterprises bankruptcy. The accounting has been updated on the distributions, and reinvestment has occurred for those who desired the funds to be reallocated.
I am also very happy to report that Debt Associates received its largest distribution to date on August 25th in the amount of $611,864.27. The payment was in the Flying J bankruptcy, and we are excited about receiving the distribution from this. The documents have been sent to the CPA for auditing the funds, and we will continue to distribute to the investors when the funds have been properly accounted for.
To date, USDR I has returned $1,786,253.95 back to the investors. We look forward to continued success and distributions back to our investors. If you have any questions on USDR I, Debt Associates, or other USDR investment opportunities, please feel free to contact us.
Thank you,
Klaraos
