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<p>[QUOTE=&quot;wichris, post: 12061960, member: 58188&quot;]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. The receiver stated the goal is to have this done by the end of this week, Friday 8/5/22. At that point they will be able to begin the process of terminations. Attorney Jason Medley also stated his team has an emergency order ready to be filed Friday night if it doesn’t look like progress with terminations have been made.</p><p><br /></p><p>The receiver also stated that they are fine with clients calling their CoreFund account executive and requesting a buyout as well. CoreFund will want to try and keep you, but will not force you to stay even if your contract is not up for renewal yet.</p><p><br /></p><p>Q. What if I have invoices that need to be sent in? Do I go ahead and send to CoreFund, or wait?</p><p><br /></p><p>A. Wait. If you send them to CoreFund they will be placed in an already long queue. 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.</p><p><br /></p><p>Q. Will I get released this week?</p><p><br /></p><p>A. It does not look like it at the moment.</p><p><br /></p><p>Q. Can I invoice loads directly and have the broker pay me?</p><p><br /></p><p>A. If you have ever done a load for this broker in the past, they likely still have a NOA on file and will not pay you. 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.</p><p><br /></p><p>Q. Can any other factoring company factor my loads right now.</p><p><br /></p><p>A. Can they? Yes. Will they? Not likely. 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. There are some possible legal ramifications for the new factor as well. Can they factor new brokers? Possibly.</p><p><br /></p><p>Q. Can any factoring company get me a CoreFund release faster?</p><p><br /></p><p>A. NO! Unfortunately, there will be a very small number of factoring companies that may try and take advantage of the situation and make claims that are completely not true. Our best advise is to speak with an attorney.</p><p><br /></p><p>The two attorneys we suggest are Jason Medley and David Jencks[/QUOTE]</p><p><br /></p>

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