Important Update

SKT
Update

The Court has approved the Receiver’s motion to make a distribution to investors in the amount of up to $1,400,000.  You can access the motion here. The Receiver expects to send distribution checks within the next two weeks.

Important Update

SKT
Update

Please click here to read a message from the Receiver regarding the status of the receivership and the Receiver’s plans for completing the Receivership and distributing remaining funds.

Important Update

SKT

On September 12, 2023, Judge Ross (the presiding judge over the Credit Nation receivership) issued an order upholding Judge Duffey’s original order regarding treatment of certain polices sold by Credit Nation to “direct” investors. You can read Judge Ross’s order here, and the accompanying report of Magistrate Judge Bly, here. If the individual claimants who filed the challenges do not appeal, the order will become final, in which case the Receiver intends to move for prompt liquidation of the Receivership with a distribution of all remaining funds to the investors. Please continue to check this website for information as this process unfolds.

February 22, 2021 - Status Conference

SKT
Update

At a status conference held this morning (February 22, 2021), Magistrate Judge Bly set a briefing schedule to decide objections of the group of Direct Investors who previously appealed to the U.S. Court of Appeals for the Eleventh Circuit. The objecting group … click here to continue

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