VoIP Inc. hit with involuntary bankruptcy petition
Three creditors are attempting to push a defunct Fort Lauderdale company into bankruptcy court. An involuntary petition was filed June 2 against VoIP Inc., a voice over Internet provider, in the U.S. Bankruptcy Court for Southern Florida.
The company had already said in 2008 that it eliminated most of its workforce and suspended all telecommunications operations. It is also facing a lawsuit, filed by the Securities and Exchange Commission in U.S. District Court in Miami, alleging former executives misled investors about the financial health of the company.
Now, some creditors are appealing to a bankruptcy judge to help them recover judgments against VoIP. The petitioning creditors are Noctua Fund LP of Carlsbad, Calif., with a claim of $245,559; Garyn Angel, with a claim of $391,000; and Carrie Angel, with a claim of $152,172, according to the petition.
“The filing of the involuntary [bankruptcy] is not directly related to the SEC action, although I’m sure they will eventually overlap,” said bankruptcy attorney Craig Pugatch, of Rice Pugatch Robinson & Schiller, who represents Noctua Fund, but said he does not represent the Angels. “A group of creditors have been attempting to collect assets. They believe assets are available.”
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Posted to VoIP News