| Tim Brophy RE-revisited |
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| Written by Ellen Warren | |
| Tuesday, 01 July 2008 | |
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READ IT HERE • WEB ONLY ARTICLE
Just when we thought something having to do with Tim Brophy’s unhappy affairs would be concluded in a just and honorable way, the story continues to defy closure. (Or should we say Tim Brophy continues to defy closure?) Shortly afterward, Brophy handed over the money. It was placed into an interest-bearing account, a Common Fund, from which the disbursements would be paid. So, why haven’t any of the Class members seen a penny of this Common Fund yet? That’s because in the next month Tim Brophy filed for bankruptcy. And until the bankruptcy proceedings are concluded, no one may touch the fund. Earlier this year there was a motion filed by the court to dismiss the bankruptcy. In a recent hearing the attorney Brophy was retaining to fight the dismissal was disqualified by the court. Brophy is slated to be back in court in August, apparently with a new lawyer. Word is that the judge, who could dismiss the bankruptcy, is considering changing the status from a Chapter 11 to a Chapter 7. According to the assistant of the plaintiffs’ lawyers, that move would result in even greater complications regarding the Fund. Will it ever end? Will the Class members ever receive their money? Will Tim Brophy ever actually pay anything? Stay tuned. |