Claim Forms

I have received an email from John Carroll regarding the confusion over the claim forms sent out by KPMG on or about April 27.
Please understand this. The money indicated on page 2 as Gross Unpaid Wages and 50% of Gross Vacation Pay is being paid out of a $1,000,000 fund that the union negotiated and had set aside. The letter indicates clearly that if you will accept the figures given on page 2, then you do not need to do anything else. Sit back and chill.
At the creditors meeting that was held April 25 at the Holiday Inn, KPMG's Brad Newton pointed out two things which have not changed.
1.) They have $1,000,000 to pay out for an estimated $1,200,000 in wages and vacation. There are no additional funds for this purpose. If you want more, then everyone else will have to take less.
2.)Severence and Termination which would require the filing of a claim, are not going to happen for us during the bankruptcy proceedings. The receiver indicates on page three that they already have a legal opinion from their counsel that termination and severence from after April 5, are not valid. If you want that money you can wait to see what the USW can do or you can hire a lawyer and sue the directors yourself.
The USW has filed a group claim on your behalf, so I suggest that you wait.

If you disagree with the figures given on page 2 or if you want to renege on your loan, then you should file the form and in the case of the loan, you must give a written instruction.
Keep in mind that all such actions will delay the payment until all claims are settled.

If you are still unsure, email ; nicola.meckbach@genfastca.com

or come into the action center at 88 Morrell St. ( old Harding Carpets).

later dave