M&T Bank Debt Collection Complaint

Other (phone, health club, etc.) False statements or representation indicated shouldn't respond to lawsuit

M&T Bank Debt collection department,

Other (phone, health club, etc.) False statements or representation Indicated shouldn't respond to lawsuit Texas

We have Old '' - bonds in our IRA accounts. There have been some disappointing distributions. We fear that the choice of the Wilmington Trust to represent the bondholders ( we had no input ) is another political mistake. Wilmington Trust appears to be interested in drawing out the liquidation process and making huge fees from those of us that have already taken a loss. Please investigate what is going on ( or not ) with the Old '' - liquidation and distribution process. We are still waiting on bondholder distributions while Wilmington & - liquidate - securities that should be given to the bondholders. Order Approving Motion to Liquidate Securities, Use Dividend Assets and Extend the Duration of the - -On - -, 2015, Wilmington Trust Company, as Trust Administrator and Trustee, filed a motion with the Bankruptcy Court for the - District of New York seeking entry of an order ( i ) authorizing the - - to sell certain New - - ( and use dividend cash received in respect of such New - - ) for the purposes of funding projected costs, fees and expenses of the - -, and ( - ) extending the duration of the - -. The motion was approved by order of the Bankruptcy Court on - -, 2015. A copy of the motion and order can be found here. It is sad that there is no oversight by the administration to insure that bondholders get paid. Please see what can be done about getting payment for - bondholders. Thanks, - - - - - - -, T- - / Home

M&T Bank customer in Texas
Oct 08, 2015

* Source: CFPB Complaint Database

M&T Bank response to complaint:
Closed with explanation

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