Adbrite unlikely to pay “unsecured creditors”

I noticed the following image being passed around twitter recently and considered its content important to other former adbrite publishers like myself who have lost money.

adbrite_notice

The notice reads.

Notice to Adbrite Unsecured Creditors.

On January 23, the secured lenders to Adbrite foreclosed on all of the assets of AdBrite. By law, until the proceeds from the sale of assets exceed the amounts due to the secured lenders, no funds will be available to pay unsecured claims. At this point, Adbrite does not expect any funds will be available for unsecured claims. Adbrite will retain a copy of your unsecured claim and will notify you if any payment is anticipated.

Regards,
Adbrite.

I think publishers can take it as said they will not received payouts and I will not receive compensation for my bounced cheque.

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