| Dave has shared the following article from Salem Patch: |
 | Refunds for Daddy's Junky Music Customers
You have until June 1 to apply....
By Carol Robidoux
I thought you might be interested in this article from the Salem Patch.
From the GE Capital Website:
Starting immediately, GE Capital's Commercial Distribution Finance business (known as CDF) will, of its own accord, begin refunding monies that customers paid to place instruments on layaway at stores operated by Daddy's Junky Music, Inc. (known as Daddy's), based in Manchester, N.H.
CLICK HERE FOR LINK TO REFUND FORM
Since this unfortunate situation began to unfold, CDF has committed to developing a feasible resolution for Daddy's customers who had placed items on layaway. CDF has decided to offer cash refunds to Daddy's layaway customers as a goodwill gesture. This gesture is specific to the situation with Daddy's. It is a one-time-only solution, and will not be part of CDF's standard business practices in the future.
Instructions for completing the layaway refund application are below. Please note: Applications must be submitted to CDF by June 1, 2012.
The layaway instruments comprise part of CDF's collateral for loans made to Daddy's. This collateral was repossessed from Daddy's due to nonpayment of those loans. Under U.S. law and Daddy's contractual obligations, CDF was entitled to sell the collateral to recover the amount of monies we were owed by Daddy's on the outstanding obligations. |
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