American Business Financial Services, Inc. – Unsecured Noteholders
General Information
This webpage is administered by Epiq Systems, Inc., as Agent for U.S. Bank National Association (the "Indenture Trustee"), the Indenture Trustee with respect to the Unsecured, Subordinated Investment Notes and the Unsecured Adjustable Rate Subordinated Money Market Notes (the “Unsecured Notes”) issued by American Business Financial Services, Inc. (“ABFS”).U.S. Bank National Association serves as Indenture Trustee (the "Indenture Trustee") for the Unsecured, Subordinated Investment Notes and the Unsecured, Adjustable Rate Subordinated Money Market Notes (the "Unsecured Notes") issued by American Business Financial Services, Inc. ("ABFS").
In 2020, the Indenture Trustee received a second and final distribution from the Chapter 7 Trustee of the ABFS bankruptcy estate. The Indenture Trustee filed a Petition seeking authority to distribute the funds it is holding. A copy of the Petition can be found under the “Key Documents” tab above. The hearing on the Petition took place on October 20, 2020. The court granted the relief in the Petition and entered an Order approving the Petition on October 22, 2020. On June 4, 2021, the Indenture Trustee made a final distribution to all eligible Unsecured Noteholders. The Indenture Trustee will not be receiving any further funds on account of the Unsecured Notes, and therefore, no further funds will be distributed.