Chakra Discussions

Gurukulis Overwhelmingly Approve ISKCON Chapter 11 Reorganization Plan

by Gupta das

Posted May 3, 2005

As of April 29, 2005, the cutoff date for voting on the Chapter 11 Reorganization Plan, an in-house tally of votes indicates full acceptance of the Plan by over 99% of all Class 4, Class 5 and Class 5A tort claimants.

While ballots received after April 29, 2005 (regardless of postmark date) are not counted for voting purposes, ballots are used for disbursement purposes. Thus, claimants still need to mail in a ballot and Release form to be eligible to receive compensation. If you did not receive a ballot or Release, send an email with your full legal name, Krishna name and mailing address to request@oxfordlaw.com.

Also, if you feel that your matrix points do not accurately reflect your Gurukula experience, then fill out the Request for Additional Information (RAI) form and send it in as soon as possible. Send your request for a digital or hard copy RAI form to request@oxfordlaw.com. If you have already filled out a RAI, you can send supplemental information regarding your matrix score directly to this same email address.

Judicial confirmation hearings on the Reorganization Plan are now scheduled to go forward in May, 2005. Assuming the court approves the Plan, disbursements would begin in September, 2005.

On the Web: www.guptadas.ws