WorldVentures will exit chapter via a proposed acquisition by Verona Worldwide Holdings.
As per a press-release issued by WorldVentures on June third;
WorldVentures … is happy to announce that it has entered right into a binding settlement … with Verona Worldwide Holdings as a plan of reorganization sponsor below the chapter code.
This settlement, valued at upwards of $82,500,000, will present for a compensation of pre-bankruptcy gross sales consultant commissions, amongst different provisions.
Underneath the settlement, the corporate will function below each the WorldVentures and DreamTrips manufacturers going ahead.
Personally I’d by no means heard of Verona Worldwide Holdings earlier than.
In accordance with WorldVentures’ press-release, Verona Worldwide Holdings are
skilled within the journey business with a profitable monitor file of buying and efficiently restructuring bankrupt corporations.
Undecided if one thing dodgy is happening however the solely Google search outcomes for “Verona Worldwide Holdings” are WorldVentures’ press-releases.
They don’t appear to exist on-line outdoors of WorldVentures’ press-releases, which aren’t even three days outdated.
That is unusual contemplating Verona purportedly has a “profitable monitor file”.
Even stranger is WorldVentures quoting a “Verona Worldwide Holdings consultant”, versus a named government.
Might be harmless however my “one thing’s not fairly proper right here” radar is pinging.
Anyway hopefully if there’s something suss occurring the chapter court docket will get to the underside of it.
The reorganization plan will likely be submitted for court docket approval within the coming weeks.
I’ll proceed to observe WorldVentures’ chapter case docket for particulars.
Replace twenty third January 2022 – Whereas the unique house owners of Verona Worldwide Holdings proceed to function in secret, we now know that Mark & Tammy Smith have purchased in.
Verona Worldwide Holdings, Inc. (“Verona Worldwide”), the mum or dad firm of DreamTrips Worldwide, LLC and Rovia I, LLC, is happy to announce that Mark and Tammy Smith have made a major monetary funding to change into full fairness companions within the possession of Verona Worldwide.
Mark and Tammy Smith head up WorldVentures reboot, DreamTrips, as CEO and Chief Area Officer respectively.