Category Archives: Dealer Warranties

ST. LOUIS o Aggrieved former customers of US Fidelis, which was once one of the nations largest sellers of auto service contracts, will split $14.1 million and creditors will get less than one-third of the $12.4 million owed under a proposed liquidation plan filed Tuesday in bankruptcy court here. The plan represents the bankruptcy courts portion of a global settlement that has been reached with those affected by the 2009 collapse of the Wentzville company, although it will be months before it is finalized. The final payout for consumers who signed up for the companys vehicle service contracts or engine additive warranties will depend on how many file a claim. If many do, consumers claims will be prioritized, beginning with those who victimized by unauthorized bank withdrawals or those who canceled their contract but did not get a refund, the plan says. Next in line are those who bought “money back … Continue reading →