Here's the email they sent regarding this matter on December 1:
This update concerns a pending payment to all Webmasters who selected the Option 2 settlement package.
The programmers successfully challenged the bankruptcy petition filed by the former CEO and CFO of GloBill.com, LLC: husband and wife accountants Daniel & Kathleen Warren. In so doing, the Court denied the accountants the right to discharge any of their debts or other financial obligations, including those owed to GloBill.com, LLC and the programmers. The accountants then appealed the verdict and a decision on that appeal is expected within the next three months. If the accountants lose their appeal, the programmers plan to continue moving forward with the civil claim, which was interrupted by these bankruptcy filings.
In the interim, we are pleased to report that funds which were frozen at the inception of the GloBill litigation have been released by the merchant bank. Within the next three weeks, 100% of the released funds will be remitted on a proportionate percentage basis to Webmasters who selected Settlement Option 2. The proportionate distribution will be approximately 15% against the base amount owed to each Option 2 Webmaster as reflected in the settlement package sent in October 2003.
Note that the Option 2 settlement agreements will continue to be in effect after this payment.
Payments will be sent to the last mailing address on file. Should you wish to update your mailing address, please send an email to
[email protected] with your payee name (exactly as it appeared on your globill-systems webmaster account) and your new mailing address directly below. Please note that this email address is automated solely to process address update information. Please do not send any other form of communication to that email address, as it will not be processed.
Please note that the next update will be provided as soon as a decision on the pending appeal is rendered. To view all updates, including archived updates, please visit
www.globill-systems.com and login with your old site ID and password.
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I did get receive a check for about 15% of what they owed me, shocking but true. If they pay the rest, I'll be floored.
Anya