We’ve been talking a lot, in this blog and elsewhere, about the nature of the Assignment process as it relates to Vinfolio, Inc. The Assignee is working diligently to try to get a quick and speedy positive outcome for the Vinfolio business, while we continue to operate the business, buy wine, sell wine, and provide a Marketplace. Like other assignment for the benefit of creditor processes, the Assignee is required to provide a mechanism for any party who may potentially have a claim against Vinfolio, Inc. to file their claim. That mechanism is a “Proof of Claim”, and it’s being mailed to all parties who have interacted with Vinfolio going back over a year to ensure that if they believe they have a claim, it is accounted for.
Proof of Claims are exactly what they sound like. If you believe Vinfolio owed you money prior to January 15, 2010 (Assignment date) and has not paid you, you’ll need to fill out the form and return it according to the instructions, before July 14, 2010. The language on the Claim Form is a bit formal and legalistic, but it is just part of the process as we work to resolve the situation. While we expect to achieve a resolution for the business much sooner (although there is no guarantee of that), claims can still be received and included in the process if properly filled and sent in before the deadline.
We realize the situation has its challenges, but we are focused on minimizing disruptions to day-to-day operations, while the Assignee identifies a buyer and a transaction completed. We are working diligently to address issues that this situation has created and we ask for your patience as we work through the process. And as always, if you have any questions, feel free to reach out via telephone to 1-800-969-1961 or via email to service@vinfolio.com.
