The federal complaint makes no mention of the bankruptcy petition filed by the defendants.
Think Finance Alleged They Were Forced into Bankruptcy
According to an article on MarketWatch.com, Think Finance, LLC alleged that they were forced into bankruptcy when Victory Park Capital Advisors, a hedge fund, took away their access to cash. Victory Park Capital Advisors and Think Finance are both accused of running a profiting scheme by Pennsylvania Attorney General Josh Shapiro.
As Think Finance looks to the bankruptcy court to protect them from their creditors, it’s interesting to note that they accuse Victory Park Capital Advisors of “raiding” their financial accounts which caused the bankruptcy…meanwhile, the federal lawsuit against Think Finance alleges that Think Finance took money from bank accounts belonging to consumers who didn’t owe.
