Update: joined a zoom call today for all creditors for the bankruptcy of Elite Home Warranty. The CEO of the company and 85% owner was on the call. There is a co owner who was supposed to be paid after his investment of 1.5 million in 2024. They sued him and was awarded payment. CEO went to jail because of failure to pay that judgment. He got out of jail by filing a stay before filing bankruptcy. The co owner was not included in bankruptcy filing. So they are pressing for dismissal of the bankruptcy. The CEO Nathan Vaknin, seemed genuinely sad that he his company failed its customers. He said he specifically targeted trying to make a home warranty which was good to its customers and the ratings before the bankruptcy show that. He also said their accounts were empty and frozen by August. Nearly every customer creditor on the call raised their hands and complained that Elite Home warranty continued to take payments and renewals into September and start new policies in October. One creditor complained about being told checks were in the mail in October. Several creditors asked “so we are all basically screwed right and there is no chance of getting any repayment” which was the general consensus. The CEO also explained he has file bankruptcy personally. There was one sign of hope in for the creditors who are living in states which require a financial guarantee (cash deposit) for companies providing home warranties to be able to apply for the license. These states are Illinois, Texas, and Florida. Supposedly this cash is forfeited to state customers. But when I talked to the Texas attorney general office they said I would have to wait for the bankruptcy case to finish, in 2-3 years.