Beaver Creek to Recover Frozen Money

Steve Furino

My trustee Google Alert as informed me that things are progressing in Beaver Creek's attempt to recover our $93,000 frozen in asset-backed commercial paper (ABC paper). Here is a small quote from an interview The Record had with Steve Furino yesterday.

This week's court approval of a plan that paves the way for the Beaver Creek Housing Co-operative where he lives to finally get back $93,000 in what he thought was a safe investment still has him wary. "I'm thrilled and relieved," he says.

But he notes there have been 13 or 14 postponements in the past.

Although everything has been signed, it will still take about a month before funds will actually be made available, and that is assuming there isn't yet another postponement.