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I have no inside knowledge of the Ibill situation, however we also used FDC as our processor. They said they would hold our impound account for six months, they released it in three months.
If Ibill does file bankrupcy the FDC account would be an asset and part of the corporate liquidation.
All secured creditors and the lawyers will have their hands in the till first. The remainder, if any after they are paid, would be divided prorata to all unsecured creditors.
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