PLEASE READ THE FOLLOWING:
DISTRIBUTION CHECKS ARE IN THE MAIL
Distributions to creditors (including rebate claimants) are being mailed beginning April 22, 2005. Creditors will receive $.08802 per dollar of allowed claims, which means, that for each one hundred dollars of allowed claims, you will receive $8.80.
Please note that as set forth in the Plan, no payment will be made to any creditor if such payment would be less than $5.00. Therefore, claimants with allowed claims of less than $56.81 will not receive distributions.
Unless otherwise ordered by the Bankruptcy Court, only creditors who filed claims electronically have an allowed claim. Unless you have received notice to the contrary, your allowed claim is equal to the amount you filed.
Please negotiate your check promptly. As set forth on the check, the checks are valid for only 90 days after issuance (i.e., until July 21, 2005). After that, they are null and void and should not be deposited as they will bounce.
If you do not receive your distribution check by May 22, 2005, you may request a replacement check by notifying the Garden City Group, the disbursing agent, no later than July 22, 2005 by sending an email to email@example.com. Please note that emails received prior to May 22, 2005 will not be acted upon. Do not send emails to firstname.lastname@example.org as that email address is no longer being monitored.
In order to receive a replacement check, your email must provide your name, claim number, the last four digits of your SSN/TIN number (required for identification purposes) and current mailing address. Replacement checks will not be mailed before August 5, 2005. If your current mailing address is different from the address on file, you will be charged $2.37 (deducted from the distribution) to defray the cost of preparing and mailing the replacement check.
As set forth above, the distribution checks are valid until July 21, 2005. Therefore, even if you have requested a replacement check, you may still deposit the original check up to July 21, 2005.
This will be your only distribution check unless some creditors do not cash their checks by July 21, 2005, in which case a second distribution may be made.
Please note that this web site will cease to exist on October 21, 2005.
the settlement agreement regarding the
litigation against cyberrebate's former owners and directors has been approved
by the court.
PLEASE NOTE THAT EFFECTIVE JULY 8, 2004 AMENDED PROOFS OF CLAIM CAN NO LONGER BE FILED. CLICK HERE FOR A COPY OF THE BANKRUPTCY COURT ORDER.
CLICK HERE FOR INFORMATION REGARDING THE PLAN AND DISCLOSURE STATEMENT AND RELATED MATTERS.
The settlement with Yahoo, whereby the Estate will receive $300,000, has been approved by the Bankruptcy Court.
At a hearing on August 8, 2002, the Bankruptcy Court approved the motion as to how future notices will be provided. In the future, except for notices of (a) the hearing upon the adequacy of any disclosure statement; (b) the hearing upon confirmation of any plan of reorganization proposed, including voting thereon; (c) any bar date for filing proofs of claims in Debtor's case; and (d) any other instance wherein this Court deems additional notice to be necessary; notices of all other matters will be limited to posting on the Debtor's Web site. IT IS RECOMMENDED THAT YOU LOG ONTO THE WEB SITE AT WWW.CYBERREBATE.COM ONCE EACH WEEK TO OBTAIN INFORMATION ON DEVELOPMENTS, MOTIONS AND PROPOSED ORDERS.
FREQUENTLY ASKED QUESTIONS: CYBERREBATE.COM, INC.
ABOUT THE BANKRUPTCY PROCEEDING:
8) How was the lawsuit between CyberRebate and Paymentech resolved?
Pursuant to a Stipulation and Agreed Order Settling Adversary Proceeding (the "Stipulation") approved by the Bankruptcy Court on November 14, 2001, CyberRebate, Paymentech Merchant Services, LLC ("Paymentech"), which was one of CyberRebate's former credit card processors, and the Official Committee of Unsecured Creditors agreed as follows:
Please note that Paymentech has filed a Proof of Claim in excess of the Settlement Amount.