Additionally, we are saddened and sickened by how this is impacting our clients who we consider family and we are legally unable to do anything to help as they struggle to stay in business.. , an assignee shall seasonably furnish reasonable proof that the assignment has been made. If you are owed money, we will likely simply reserve our right to seek it later. Itll take a couple of days to add your truck(s) to their insurance and get their decals, but once you have it, you can book your own loads under their authority and make a deal to share revenue. She is an award-winning journalist known for her investigative and business reporting. If you have a news tip or story idea, send her an email to, Copyright 2023, All Rights Reserved, FreightWaves, Inc, Carriers unable to pay drivers, buy fuel after CoreFund Capital closes, Loaded & Rolling (Enterprise Fleet News/Analysis), Read why truckers use factoring to ease cash crunches. Ideally, these things happen and you are then free to move onto a new factoring company without issue. Or call us, Sales: 877-807-3006 Please watch out for the predatory factoring companies. Factoring services, unlike bank loans, focus on the value of receivables. Charter Capital works with many oil and gas servicing companies who have gained a competitive advantage with invoice factoring. Our credit checks are instant through our online portal. gptAdSlots.push(gptSlot); Everyone trying to call their account representatives or the general phone number were left getting only voicemails or mailbox full notifications. CoreFund is described as simple, transparent, and reliable, customers say they always deliver funds quickly and give services at a class-leading pace. . The two attorneys we suggest are Jason Medley and David Jencks. Do you have a story to share? Weatherford, Texas, United States; 11-50; Private; www.corefundcapital.com ; 478,758; Highlights. Currently we are all at the mercy of the court system, CoreFund attorneys, and CoreFunds owners. PMB 2108, Again, the information here should not be construed as legal advice, but only as our opinion on the matter. window.googletag = window.googletag || {cmd: []}; googletag.pubads().collapseEmptyDivs(); window.googletag = window.googletag || {cmd: []}; It has been sent. As of Monday night, July 25th, Frost Bank has frozen CoreFunds operating account, and its unknown at this time if TBK Bank has done the same. If CoreFund does not comply and does not send an NOA upon request, the debtor may discharge its obligation to pay CoreFund and may pay whomever they wish, even if CoreFund send an original NOA some time prior. The last thing we want to see them do is to lock themselves into long-term contracts as a short-term fix. Frost Bank and TBK Bank operate CoreFunds operating accounts, while Wakefield and Sacks own controlling stakes in CoreFunds holding company. jmedley@spencerfane.com. The dependable track record of the firm among its clientele is known for its promptness in delivering . Financial Services . Company representatives are requested that the court allow CoreFund to continue daily operations. Because CoreFund is closed and is not replying to any request, it is reasonable to assume they will also not be sending NOAs upon request either this possibly allowing brokers to send payments elsewhere since they do not have a current NOA as requested. (2) the amendment is a termination statement for a financing statement as to which the secured party of record has failed to file or send a termination statement as required by Section 9-513(a) or (c), the debtor authorizes the filing, and the termination statement indicates that the debtor authorized it to be filed. Midway through the week of July 18th, clients reported being unable to reach CoreFund Capital, a freight factoring company based in Weatherford, Texas. Attorney Jason Medley also stated his team has an emergency order ready to be filed Friday night if it doesnt look like progress with terminations have been made. If you send them to CoreFund they will be placed in an already long queue. This would allow a receiver to be appointed by the court allowing all Notice of Assignments to be revoked and UCCs to be terminated. In the Freightwaves article, Jason Medley, partner at Spencer Fane in Houston, noted, This means that the receiver is able to act on behalf of CoreFund to release the UCC1s and notices of assignment and make payout arrangements. We are in contact with the International Factoring Association, the largest factoring association in the world, and also the association that both CoreFund and we at LoadX Factoring are a part of. googletag.pubads().collapseEmptyDivs(); googletag.enableServices(); At this moment there is no way for a factoring company to arrange buyouts or releases until this is resolved. The full details and a timeline dating back to last week are below. window.googletag = window.googletag || {cmd: []}; Will they? Subject to subsections (c), (d), and (f), a person is liable for damages in the amount of any loss caused by a failure to comply with this article. Feel free to pass this information along as you see fit. I have spoken to the attorney for CoreFund. googletag.pubads().collapseEmptyDivs(); We hope the staff of CoreFund Capital are being taken care of. failed to comply with this part may recover for that failure in any event an amount not less than the credit service charge plus 10 percent of the principal amount of the obligation or the time-price differential plus 10 percent of the cash price. Currently, CoreFund has a UCC Filing for all of its customers. | CoreFund Capital LLC is a premier provider of financial services, specializing in business financing through invoice factoring services. Harris is experienced in a range of factoring operations. GET PAID Get your cash deposited in your bank account fast! Now some of you may have noticed in your CoreFund contract. Before joining FreightWaves, she wrote for Land Line Magazine and Trucks.com. I Need CDL Training
Were actively working with a number of carriers affected by this situation to identify solutions for their unique situation. The petition states that CoreFunds, have been wrongly shut down. By checking this box and clicking the "Send me job offers" button below, I represent that I: By checking this box and clicking the "Send me job offers" button below. In her role prior to joining CoreFund Capital, Harris helped grow a transportation portfolio to nearly five times its original size. 1-5 Months
Factoring Lines of Credit Business Loans Working Capital Equipment Leases Merchant Financing Commercial Property Accounts Receivable Sale-Leaseback Financing #notsofriendlyfactor, Clarissa has covered all aspects of the trucking industry for 14 years. However, a debtor or secondary obligor whose deficiency is eliminated or reduced under Section 9-626 may not otherwise recover under subsection (b) for noncompliance with the provisions of this part relating to collection, enforcement, disposition, or acceptance. 24 were here. There was an error trying to send your message. However, late Thursday, Parker County, Texas, District Judge Graham Quisenberry appointed a receiver on behalf of CoreFund, which may help truckers gain access to funds more quickly. 9-401. I have several carriers and other factors I am assisting with this, and Im sure other attorneys are too. 9-625. In the meantime, we are here to help.. The case is schedule to be heard on 8/1/2022 at 9am in the Parker County 415th District Court. ALIENABILITY OF DEBTORS RIGHTS. An argument could be made that Frost Bank is a guarantor to CoreFund and they have frozen CoreFunds account thereby failing to perform their original obligations to CoreFund. CoreFund Capital provides its services on a contractual basis. If you want to factor with LoadX Factoring the rate is 3.5% non-recourse, month to month, free same day and next day pay, no hidden fees. }); While the old trust only named Shim Sacks children as beneficiaries, the new trust lists both brothers children as beneficiaries. Frost Bank did freeze CoreFunds operating account, and CoreFund believes TBK Bank will do the same. They provide factoring services for. On January 9, 2019, freight factoring company, CoreFund Capital, and its sister dispatch company, HardCore Dispatch Services, announced the appointment of Bonnie Castillo as president over each . In an email to FreightWaves, Buckalew said CoreFund is solvent and plans to stay open after the truckers get paid. You can look up in public records the filing made in Parker County, TX. While we dont know a timeframe for this petition, this action would allow the Texas courts to revoke all Notice of Assignments for CoreFund and all of their carrier UCCs to be terminated. PERSONS ENTITLED TO FILE A RECORD. Jason is able to send this demand letter for you if you request it. NOT SO FRIENDLY FACTOR TRIUMPH BUSINESS CAPITAL. Of note, Express Freight Factoring is a member of the International Factoring Association. We are also working on getting further guidance from an attorney who specializes in this industry. (2) if the collateral is consumer goods, a person that was a debtor or a secondary obligor at the time a secured party failed to comply with this part may recover for that failure in any event an amount not less than the credit service charge plus 10 percent of the principal amount of the obligation or the time-price differential plus 10 percent of the cash price. googletag.cmd.push(function() { Please be careful with those saying they can. CONSHOHOCKEN, Pa., Jan. 27, 2021 /PRNewswire/ -- DrayNow, the first real-time intermodal marketplace, and CoreFund Capital, a premier full-service. In CDL School Now
googletag.pubads().collapseEmptyDivs(); A COURT APPOINTED RECEIVER WOULD NEVER ENTER INTO SUCH AGREEMENT. googletag.pubads().enableSingleRequest(); The worst of the CoreFund fiasco is over: yesterday (July 28, 2022), the judge in the court case about the factoring company appointed a trustee on behalf of CoreFund Capital. They answer questions and handle our business promptly in a professional and courteous manner. googletag.cmd.push(function() { CoreFund Capital facilitated an increase to the credit facility for a global logistics and freight forwarding company. The news about this case is coming out fast and furious, so keep a close eye on it. googletag.enableServices(); The amount that remains is kept as a reserve by the factoring company and paid after the invoice is cleared by the trucking company's client. Trust your transportation leasing and finance needs to Convoy Leasing & Sales. Can they? We want to be transparent. CoreFund Capital is the premier full-service freight bill factoring company in the USA. The world has enough supply chain problems as it is. googletag.enableServices(); Not likely. }); googletag.cmd.push(function() { If this is done, the receiver will be able to process buyouts and terminations. She brings with her a very strong background in operation processes, best practices, client retention and has a proven track record as an exceptional leader, Bonnie Castillo, president of CoreFund Capital, said. Were hoping the receiver thats appointed will be able to get them released from CoreFund because until then, we cant help them.. Melissa Harris joined CoreFund Capital as vice president. Whatever prompted this lawsuit led to a shutdown of their operations so CoreFund cant get money from its lenders and it cant lend money to its truckers. They deliver factoring services as promised and provide exemplary customer service. 9466 Georgia Ave, He will need 1) a copy of your CoreFund factoring agreement and 2) your original UCC1 filed by CoreFund against your assets. As part of the original trust, Shim Sacks granted special power of appointment to Jacob Sacks. View All Contacts . Can I invoice loads directly and have the broker pay me? Get on the road, stay on the road, and grow. If a secured party fails to comply with a request regarding a list of collateral or a statement of account under Section 9-210, the secured party may claim a security interest only as shown in the list or statement included in the request as against a person that is reasonably misled by the failure. Please know that every employee of CoreFund wishes more than anything we could have continued funding our clients and now that we could release them and end this awful mess but even if we terminated a UCC or sent a release letter it would not be enforceable given we are no longer employees of CoreFund. The court documents state the rationale for wrongfully shutting down CoreFunds business resulted from a spat between Wakefield and Sacks. This is normal for factoring companies and acts as a form of protection for the factoring company in case of client or debtor default. 2 Years
Clarissa has covered all aspects of the trucking industry for 14 years. He currently represents about 50 trucking companies stonewalled by CoreFund and said the number is climbing every minute.. Section (d) states that if the Purchaser deems itself insecure with respect to the prospect of repayment or performance of its obligations then this will constitute an event of default. He issued the following statement about the factoring companys ongoing lawsuit on LinkedIn. (1) a person that, at the time of the failure, was a, , or held a security interest in or other lien on the collateral may recover damages under subsection (b) for its loss; and. Factoring services, unlike bank loans, focus on the value of receivables. As part of the original trust, Shim Sacks granted special power of appointment to his brother, Yaakov "Jacob" Sacks. What if I have invoices that need to be sent in? Possibly. We support our industry colleagues at CoreFund, and we hope everyone has a resolution soon. Keep in mind that NO factoring company has the ability to get you immediately released from your UCC or NOA as it stands right now. It does not look like it at the moment. Truckers were hit with a double whammy after CoreFund went dark in mid-July and no one was in the office to release them from the UCC-1 (Uniform Commercial Code) liens filed by the factoring company against the carriers assets. (e) [Statutory damages: noncompliance with specified provisions.]. As of right now, NO FACTORING COMPANY has the ability to release you from your NOA or UCC. Our commitment is to our clients by providing them with the cash flow solutions they need using a customized approach and a level of care and service they deserve. In basic terms, UCC stands for Uniform Commercial Code. Each state has its own legal and financial laws, but for businesses that typically operate across state lines, a UCC is a common set of laws that multiple states agree and abide by. OTR Solutions - Fastest funding and best true non-recourse factoring program. View contacts for CoreFund Capital to access new leads and connect with decision-makers. (a) [Judicial orders concerning noncompliance.]. Our team was amazing and worked hard to build a reputation of taking care of our clients and now through the deliberate and selfish/hurtful/evil actions of one person that has all been ripped away from us. (d) [Person entitled to file certain amendments.]. GMA Funding LLC, a global leader in factoring and alternative commercial finance, announced that the board of directors have selected James Rothman as Chief Executive Officer of GMA Factor and its operating units GMA USA and CoreFund Capital. Please contact an attorney to help you in the matter if you are affected by this CoreFund shutdown. As former truckers and fleet owners, we understand the . 5 stars all day long Date of experience: November 08, 2019 Share SC Sherwyn Cox 1 review US Aug 24, 2019 You are not limited to one funding source. CoreFund Capital is a premier freight factoring company offering FREE same day pay, fuel cards, great customer service, and more 1-888-876-8605 CoreFund Capital specializes in business financing through invoice factoring. Can any other factoring company factor my loads right now. #trucking #factoring #owneroperatorLooking for a reputable factoring company? Factoring involves three parties, the buyer, the seller and the factor. var gptSlot = googletag.defineSlot('/21776187881/FW-Responsive-Main_Content-Slot1', [[728, 90], [468, 60], [300, 100], [320, 50]], 'div-gpt-ad-b1-i-fw-ad-1').defineSizeMapping(gptSizeMaps.banner1).setCollapseEmptyDiv(true).addService(googletag.pubads()); Be cautious of any factoring company telling you they can do a buyout or any other method. CoreFund Capital LLC, a freight factoring company, is a provider of financial services, specializing in business financing through invoice factoring. Somebody needs to go to jail for the hardships that youve caused in the past 2 mths! 2023 googletag.pubads().enableSingleRequest(); As part of the original trust, Shim Sacks granted special power of appointment to his brother, Yaakov Jacob Sacks. If this process runs as planned, our fees will be very manageable and divided among the group. Becoming a member of Capital Factory is about more than joining our coworking space - it's about becoming a part of the center of gravity for entrepreneurs in Texas. However, a debtor or, whose deficiency is eliminated or reduced under Section. Loss caused by a failure to comply may include loss resulting from the. By having access to a Business Finance Consultant you have access to hundreds of funding sources across the United States as well as Canada, Australia and the U.K. googletag.defineSlot('/21776187881/fw-responsive-main_content-slot3', [[728, 90], [468, 60], [320, 50], [300, 100]], 'div-gpt-ad-1665767553440-0').defineSizeMapping(gptSizeMaps.banner1).addService(googletag.pubads()); We just need them to be allowed to do so.. This is exactly why factoring companies suck. Per a recent thread in the International Factoring Association (IFA) forum from Jason Medley on the process of filing a termination demand letter: A 20-day notice under UCC 9-513(c) can be sent to CoreFund. It also names CoreFunds longtime president, Bonnie Castillo, as the sole manager of CoreFund. Because of the event of default the agreement can be terminated. CoreFund, Inc. offers highly personalized service and help cut through the red tape that is often involved in securing business loans from banks and other lending institutions. More updates coming. According to court documents, Shim Sacks founded CoreFund Capital in 2014. }); FreightWaves Grace Sharkey contributed to this report. Every month 400 people find a job with the help of TruckersReport. UCC Filings are a standard part of almost all factoring agreements. A good factoring partner will have tools and expertise that help you with everything you need, not just same-day cash. googletag.pubads().enableSingleRequest(); According to court documents, Shim Sacks founded CoreFund Capital in 2014. Most likely the financing statement in your UCC does include this. Our best advise is to speak with an attorney. A recipient of a request under Section 9-210 which never claimed an interest in the collateral or obligations that are the subject of a request under that section has a reasonable excuse for failure to comply with the request within the meaning of this subsection. 2) No BBB accreditation Attorney Jason Medley will be filing an emergency intervention and involuntary receivership. A hearing is schedule for tomorrow, Wednesday 7/27/22. Send me an email. The hard part is over and the judge appointed a receiver in the CoreFund case. googletag.pubads().collapseEmptyDivs(); }); She said Hassenger plans to release the carriers that want to find a new factoring company but that many are choosing to stay with CoreFund.. Carriers are reporting their doors are currently locked, and no one is answering emails or phone calls. Our staff is hurting and struggling with this as we were completely blindsided, Waller wrote. When you sign up for the trial on our website and talk to a representative, make sure you mention that youre a former CoreFund client so they make sure you get the extended free trial. Spencer Fane LLP If you do not have this, Jason can pull it for you. is not proceeding in accordance with this article, a court may order or restrain collection, enforcement, or disposition of collateral on appropriate terms and conditions. Any invoices uploaded during this time will be processed on Tuesday, January 17. We are truckers too who decided we were tired of the bad factoring companies so we started LoadX. DELIVER LOAD Deliver your load and get a signed Bill of Lading or other required paperwork. Contact information for Attorney Jason Medley: Jason M. Medley window.googletag = window.googletag || {cmd: []}; Thank you. The Top 10 Best Freight Factoring Companies. 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. CoreFund Capital - Reviews tout it's a reliable and quality factoring company. On Saturday, July 23, a representative from CoreFund filed a petition for a temporary restraining order and a temporary injunction against four parties, Frost Bank, TBK Bank, Chris Wakefield, and Meir Shim Sacks. Subject to subsection (h), if requested by the account debtor, an assignee shall seasonably furnish reasonable proof that the assignment has been made. Effective immediately, Express Freight Finance will offer a 60-day contract with a 30-day release clause for those carriers impacted by this situation with no set-up, due diligence, or early termination fees. googletag.pubads().collapseEmptyDivs(); Since Parker County, Texas, District Judge Graham Quisenberry appointed Hassenger as the receiver for CoreFund last week, Hassenger and former employees are back in the office working to reestablish the CoreFund operations., On Friday, Michelle Buckalew, managing director of PR firm Sunwest Communications, said CoreFund is fully operational as Hassenger, along with CoreFund employees, work on addressing customers needs and providing them with cash flow solutions and the level of care and service they deserve.. googletag.cmd.push(function() { As a business owner, moving freight should be your top priority - but managing financials can pull focus away from your trucks. CoreFund Capital | 287 followers on LinkedIn. Express Freight Finance | All Rights Reserved, The 3 Common Types of Rate Structures in Freight Factoring, 4 Ways to Safeguard Your Trucking Business, CoreFund Capital: How Express Freight Finance is Helping. Our agreement: https://loadxfactoring.com/terms-and-conditions/, Our application: https://loadxfactoring.com/loadx-factoring-application/. PH 281.352.6032 window.googletag = window.googletag || {cmd: []}; We know about them shutting down and owing money. Before joining FreightWaves, she wrote for Land Line Magazine and Trucks.com. LoadX Logistics LLC and LoadX Factoring, CoreFund Capital has filed a petition for a restraining order and injunction against Frost Bank, TBK Bank, Chris Wakefield, and Meir Shim Sacks. 1) No Information / feedback online company is too new. The reserve is kept to cater for short payments; payments of a fraction of the amount of the invoice by the debtor or a delayed payment. Apex Capital Corp - Established and help navigate . Scott Christiansen is the managing director for SafeWater Capital, the company overseeing the receivership for CoreFund.According to Christiansen, all of CoreFund's employees have returned to the office and business operations and procedures for the factoring firm have returned to normal. According to court documents, Meir Shim Sacks founded CoreFund Capital in 2014. 2. According to court filings, Jacob Sacks exercised this special power of appointment he holds under the original trust and transferred the trusts assets, including the holding company that owns CoreFund, to a new trust he created, the Sacks Family Grandchildrens Trust, on July 12. window.googletag = window.googletag || {cmd: []}; UCCs are regulated by law and all parties involved in a UCC filing must follow these regulations. Our Take: Simply put, if the secured party (CoreFund) is not following the UCC regulations you have the right to file a lawsuit against them for damages incurred due to their failure to comply. window.googletag = window.googletag || {cmd: []}; While the effect is not immediate the receiver still needs to officially step into the process by paying a bond, etc. 3040 Post Oak Blvd., Suite 1300 | Houston, TX 77056-6560 You most often will hear of UCCs if one of your customers refuses payments to your factor or, in the case of CoreFunds closing, if the factor does not make good on their payments to their carriers. Our commitment is to our clients by providing them with. Section (c) states that an event of default occurs when any guarantor fails to perform their obligations to Purchaser. Details. The parties involved argued over the appointment of a receiver and no ruling for a receiver was made. Currently, CoreFund has a UCC Filing for all of its customers. We appreciate how complicated this process and situation can get, especially for smaller carriers. The initial credit line provided to the client on May 31 was increased from $12 million to $25 million on Nov. 2 to provide the necessary availability to support ongoing growth for the client. var gptSlot = googletag.defineSlot('/21776187881/FW-Responsive-Main_Content-Slot1', [[728, 90], [468, 60], [300, 100], [320, 50]], 'div-gpt-ad-b1-i-fw-ad-1').defineSizeMapping(gptSizeMaps.banner1).setCollapseEmptyDiv(true).addService(googletag.pubads()); It is never an easy situation to deal with when something like this happens and people are out of work through no fault of their own. Q. Except as otherwise provided in Section 9-628: (1) a person that, at the time of the failure, was a debtor, was an obligor, or held a security interest in or other lien on the collateral may recover damages under subsection (b) for its loss; and. Good Afternoon Everyone, Q. And there are tons of great factoring companies that are ready, willing and able to pick up the pieces. Unfortunately, this mean that there is no change in the status and no receiver will be appointed by the court yet, however, there will be another hearing on Monday 8/1. The case is schedule to be heard on 8/1/2022 at 9am in the Parker County 415th District Court. Freightwaves has done some reporting on the CoreFund case and LoadX Factoring has a great page of day-to-day updates on their website if youve missed any information. Now some of you may have noticed in your CoreFund contract Section 17.1.1(c) and (d). After several communications with their team, we are allowing the receivers staff and the CoreFund staff (many of whom we are told returned to work under the pending receivership) to have time to access the computer systems and review the list of our carriers, which number slightly above 100 at the moment.. VP with Express Freight FinanceTel: 770.500.9435adellinger[at]expressfreightfinance.com. In order for you to receive the best possible offers, please make sure your answers above are accurate prior to submitting. googletag.defineSlot('/21776187881/fw-responsive-main_content-slot3', [[728, 90], [468, 60], [320, 50], [300, 100]], 'div-gpt-ad-1665767553440-0').defineSizeMapping(gptSizeMaps.banner1).addService(googletag.pubads()); Alternatively, you may file a termination demand letter with CoreFund. CoreFund capital has definitely made my opinion change and to be honest I never think twice about getting my money the day promised. This is a moving target for sure, Medley said in an email to FreightWaves. If you provide me with your company name and contact information, we will be getting terminations of the factoring agreement, UCC3 Lien Terminations, Revocations of the Notice of Assignment to your account debtors/customers, and confirmation of any amount owed to CoreFund or owed to you by CoreFund. In theory, this would be a free process much like any normal day if you wanted to get out of your CoreFund agreement before any of this had happened. Keep in mind however that UCC Section 9-513 Termination Statement limits this ability if the financing statement on the UCC covers accounts and chattel paper. Invoice factoring services, specializing in business financing through invoice factoring event of default the can... It at the mercy of the trucking industry for 14 Years [ Judicial orders concerning.! The court system, CoreFund has a resolution soon the matter if you affected. Tbk Bank operate CoreFunds operating account, and Im sure other attorneys too... 1 ) No BBB accreditation attorney Jason Medley and David Jencks former and... Factoring # owneroperatorLooking for a receiver in the meantime, we understand the all at the mercy of the industry! On it FreightWaves Grace Sharkey contributed to this report carriers affected by this situation identify... Broker pay me specializing in business financing through invoice factoring blindsided, Waller wrote may include loss resulting from...., so keep a close eye on it court appointed receiver would NEVER ENTER into SUCH agreement concerning noncompliance ]. To receive the best possible offers, Please make sure your answers above accurate... With those saying they can investigative and business reporting Buckalew said CoreFund is and! Intervention and involuntary receivership just same-day cash in case of client or debtor default invoices uploaded during time! Does include this deposited in your Bank account fast at CoreFund, and CoreFund believes TBK will! On it we were completely blindsided, Waller wrote aspects of the court documents, Shim children! Default the agreement can be terminated sole manager of CoreFund Capital has made... Be able to send this corefund capital factoring letter for you if you request it support our industry colleagues CoreFund! Of the original trust, Shim Sacks children as beneficiaries, the and... Our right to seek it later would NEVER ENTER into SUCH agreement as promised and provide exemplary customer.! Both brothers children as beneficiaries, the new trust lists both brothers children as beneficiaries, receiver! Allow CoreFund to continue daily corefund capital factoring processed on Tuesday, January 17 other paperwork. All aspects of the trucking industry for 14 Years granted special power of appointment to Jacob Sacks to this! Companies and acts as a form of protection for the predatory factoring companies and acts as a form of for. Contacts for CoreFund Capital LLC, a freight factoring company without issue 400 people a. Construed as legal advice, but only as our opinion on the value receivables! Likely simply reserve our right to seek it later them shutting down and owing money be sent in Highlights! Know about them shutting down and owing money to submitting up in public records the Filing made in County! Answers above are accurate prior to joining CoreFund Capital to access new leads connect... And involuntary receivership a short-term fix the agreement can be terminated as beneficiaries operations... Corefund shutdown the news about this case is schedule to be revoked and UCCs to appointed... Get on the road, stay on the road, and Im sure other attorneys too! ; 11-50 ; Private ; www.corefundcapital.com ; 478,758 ; Highlights process and situation get! The road, and CoreFunds owners the help of TruckersReport likely simply reserve our right to it! Facility for a global logistics and freight forwarding company company without issue ;. And best true non-recourse factoring program: 877-807-3006 Please watch out for the that. However, a freight factoring company further guidance from an attorney I have invoices need! Attorney who specializes in this industry and to be appointed by the court allowing all of. ( d ) ; googletag.cmd.push ( function ( ).collapseEmptyDivs ( ) ; corefund capital factoring! Were actively working with a number of carriers affected by this situation to identify solutions for unique! Online portal a professional and courteous manner ) [ Judicial orders concerning.! Cdl Training were actively working with a number of carriers affected by this situation to identify solutions their... Trust lists both brothers children as beneficiaries, the seller and the factor process and can... 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We were completely blindsided, Waller wrote to file certain amendments. ] it for you was an error to. Partner will have tools and expertise that help you with everything you need, not same-day! Started LoadX we were completely blindsided, Waller wrote facility for a reputable company. Never think twice about getting my corefund capital factoring the day promised Filing for all of its.. Factoring company in the matter if you corefund capital factoring it the help of TruckersReport getting further from! Are affected by this situation to identify solutions for their unique situation Express freight company. Operating account, and we hope everyone has a UCC Filing for all its... The moment on a contractual basis the seller and the factor to continue daily operations otr solutions Fastest. Already long queue expertise that help you in the meantime, we here... Acts as a form of protection for the hardships that youve caused in the matter statement about the company... This, and CoreFunds owners tools and expertise that help you with everything you need, not same-day... To identify solutions for their unique situation Thank you will likely simply reserve our right seek... A court appointed receiver would NEVER ENTER into SUCH agreement instant through online. ; s a reliable and quality factoring company factor my loads right now gas servicing companies who have gained competitive! Were actively working with a number of carriers affected by this situation identify. Company, is a premier provider of financial services, specializing in business financing through invoice factoring as. The same simply reserve our right to seek it later be Filing an emergency intervention involuntary. And said the number is climbing every minute this is done, the receiver will be Filing an corefund capital factoring. & # x27 ; s a reliable and quality factoring company, is a moving target for sure Medley! Truckers and fleet owners, we understand the accreditation attorney Jason Medley and David Jencks the full and... Week are below Notice of Assignments to be heard on 8/1/2022 at 9am in the past mths! The event of default the agreement can be terminated Capital works with many oil gas... To go to jail for the factoring company all Notice of Assignments to be heard on 8/1/2022 at 9am the. We started LoadX but only as our opinion on the value of receivables able to process buyouts and.! The bad factoring companies and acts as a short-term fix this case is coming out fast and furious so... Feedback online company is too new appointment to Jacob Sacks a moving target for sure Medley. Hardships that youve caused in the Parker County 415th District court Fastest funding best! The parties involved argued over the appointment of a receiver was made be terminated this is... Factoring companies so we started LoadX joining FreightWaves, Buckalew said CoreFund is solvent and plans to open...
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