WorldVentures will leave bankruptcy through a proposed procurement by Verona International Holdings.
According to a public statement given by WorldVentures on June third;
WorldVentures is satisfied to report that it has gone into an authoritative understanding with Verona International Holdings as an arrangement of revamping support under the bankruptcy code.
This arrangement, esteemed at upwards of $82,500,000, will accommodate a reimbursement of pre-chapter 11 salesman commissions, among different arrangements.
Under the understanding, the organization will work under both the WorldVentures and DreamTrips brands going ahead.
I’d never known about Verona International Holdings.
Experienced in the travel business with a fruitful history of securing and effectively rebuilding bankrupt companies.
Not sure if something dodgy is going on; however, the lone Google indexed lists for “Verona International Holdings” are WorldVentures’ public statements.
They don’t appear to exist online outside of WorldVentures’ official statements, which are not so much as three days old.
This is odd considering Verona purportedly has an “effective history.”
Much more odd is WorldVentures citing a “Verona International Holding delegate” instead of a named chief.
It could be blameless; however, my “something’s not exactly here” radar is pinging.
Ideally, if there is something suss going on, the bankruptcy court makes quick work of it.
The redesign plan will be submitted for court endorsement in the coming weeks.
