Bankruptcy Plan For US Fidelis Approved

By: AP, Posted by Chelsey Moran
By: AP, Posted by Chelsey Moran

ST. LOUIS (AP) _ A federal bankruptcy judge has given the go-ahead for a plan that would pay about $26.5 million to hundreds of thousands of customers and other creditors of US Fidelis.

The St. Louis Post-Dispatch reports that U.S. Bankruptcy Judge Charles Rendlen III approved the plan on Monday.

Wentzville, Mo.-based US Fidelis was once among the nation's leading sellers of vehicle-service contracts before it collapsed in 2009, accused of cheating customers by selling them vehicle protection coverage that was essentially worthless.

About 625,000 consumers purchased vehicle-protection plans from US Fidelis.

The plan calls for about $14.1 million to go to a national consumer-restitution fund administered by state attorneys general.

Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
631 SW Commerce Pl. Topeka, Kansas 66615 phone: 785-272-6397 fax: 785-272-1363 email:
Copyright © 2002-2015 - Designed by Gray Digital Media - Powered by Clickability 162651686 -
Gray Television, Inc.