2/16/2010 - Update-Debt Management Clients
UPDATE AS OF 02-16-2010 DEBT MANAGEMENT CLIENTS             All debt management programs have been continued so long as the clients remain current on their payments.  A debt management client has the right to terminate their agreement but since debt management payments are received and used to pay processors and the creditors on a monthly basis, there likely will be no funds to return to a debt management client at this ... read more

2/16/2010 - Update-Debt Settlement Clients
UPDATE AS OF 02-16-2010 DEBT SETTLEMENT CLIENTS               Some debt settlement clients have continued to see settlements reached on their debts with money available in their escrow accounts.  Any reasonable settlements that can be reached with said funds will continue at this time.  Any debt settlement client has a right to terminate their agreement and ask for a refund.  ... read more

1/28/2010 - Update 01-28-2010
UPDATE 01-28-2010               A hearing was held before Judge Ben Fuller in the Circuit Court of Autauga County, Alabama on January 25 th , 2010.  Indications from the Court are that the Receivership will be made permanent and plans can move forward with the winding up of the business.  As stated before it is anticipated the debt management plans will continue so long as the clients choose and their payments remain current.  ... read more

1/6/2010 - Update 1-6-2010
UPDATE 01-06-2010             Now that the receivership case has been remanded from Federal Court to State Court, a hearing has been set on January 25 th , 2010.  At this hearing it is anticipated the Court will address any challenges the owners of Allegro Law may have concerning the establishment of the receivership.  If the receivership remains in place, the process will begin for establishing a refund procedure.  There are not enough assets available for a ... read more

11/30/2009 - Update 11-30-09
This matter has finally been remanded to the Circuit Court of Autauga County, Alabama and it is anticipated matters will move forward much more quickly at this point.  As previously mentioned, debt management plans continue to be paid in accordance with the original agreement. Debt settlement plans have been settled where an agreement can be reached for the client and where sufficient funds were available.  All client escrow funds are held in a trust account supervised by the Court and, if not used for settlement, will be refunded to the client.  This does not ... read more

11/12/2009 - Update
Debt Management and Debt Settlement Update 11-12-09             Unfortunately the United States District Court for the Middle District of Alabama has not yet ruled on remanding the receivership to State Court.  We continue to be unable to finalize a claims process until this is settled.             In the mean time, Debt Management plans are continuing to be paid to Creditors so long as ... read more

9/14/2009 - Update-Debt Settlement Clients
DEBT SETTLEMENT UPDATE 09-14-09               For those clients having sufficient funds in escrow, settlements are being attempted with various creditors.  No permanent decision can be made regarding future settlements or a claims process due to the owner of Allegro Law having asked a Federal Court to take jurisdiction of the Receivership.  Until a determination is made as to whether a Federal or State Court will have jurisdiction, no final ... read more

9/14/2009 - Update-Debt Management Clients
DEBT MANAGEMENT UPDATE 09-14-09               Debt management payments to creditors are continuing so long as clients make timely payments to Allegro Law and remain current.  Any client terminating their agreement will be responsible to their creditors for whatever outstanding balances may remain.  There can be no guarantee at this time as to a refund of previous fees paid to Allegro Law.  The Receivership continues to determine what ... read more

8/28/2009 - Update 8-29-09
The owner of Allegro Law, LLC has filed Motions to have this case removed to Federal Court.  The institution of the claims process cannot begin until it is determined which Court (State or Federal) will have jurisdiction over the case and claims process. The debt management payments to creditors are continuing in the meantime and settlements with creditors will still be attempted if sufficient funds are escrowed. ... read more

8/19/2009 - Update
DEBT SETTLEMENT UPDATE 08-19-09               Numerous calls and correspondence are being received regarding debt collection actions and lawsuits filed by creditors.  Please be advised that the Receivership of Allegro Law can provide no protection or legal representation pertaining to any lawsuit filed by a creditor against you.  You should seek separate legal representation regarding any such actions.  A claims process is being ... read more

8/17/2009 - Update
DEBT MANAGEMENT UPDATE 08-17-09               As mentioned in previous updates, all debt management plans are being continued so long as the clients' payments are timely and agreements have been reached with creditors.  All clients requesting refunds will be required to participate in a claims process which will be established through the Autauga County Circuit Court.  This process has not yet been established and it may be some time ... read more

8/7/2009 - Update
All debt management programs are being continued by the Receiver for the benefit of clients if clients’ payments are timely and continuing. To remain in the program, a client must continue with the payments as previously arranged. Creditors are being contacted to inform them of the status of the Receivership and the anticipated continuation of programs. We are asking the creditor that any interruption in the payment plan as a result of the Receivership not adversely affect the client. Any clients who wish to withdraw from the program must provide notification in ... read more