Why Should you Care About CEP in Bankruptcy
CEP being placed in voluntary bankruptcy does 2 things.
First thing it allows the Creditors(Those that are not in profit but at a monetary Loss) to stake a claim against what is in the CEP coffers.
Second thing once the coffers are emptied the Receiver will then start calling upon The Debtors of CEP(Those that are in Profit).
Spell this out so I know what you are saying!!!
Simple If you are at a Loss you can file a claim with the Receiver to get some or all of your Funds back (Usually a percentage of what you put in is what you will get).
If you are in profit you can, and most likely, be sued as a Debtor to CEP (CEP gave you funds in excess of your investment. Thus you OWE the excess funds, therefore a debtor)
How Do I determine my Claim?
Your Losses are very simple to figure. Take the amount of Funds invested minus any funds returned to you. Let’s say you invested $1000 and got $500 back your Loss will be $500. You will not be paid any interest!
Now If you Paid in $1000 and you received back $2000, you owe the Trust $1000. You can and most likely will be called upon for that amount of excess of your investment.
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