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On May 1, 2009, TMST, Inc., formerly known as Thornburg Mortgage, Inc. and its subsidiaries filed for Chapter 11 bankruptcy protection in the United States Bankruptcy Court for the District of Maryland (Jointly Administered under Case No. 09-17787). By Order of the Bankruptcy Court dated October 28, 2009, a Chapter 11 Trustee was appointed. The Trustee is in the process of winding up the affairs of TMST and its subsidiaries and liquidating all of their remaining assets and claims for the benefit of creditors and equity holders. TMST and its subsidiaries have discontinued all other operations.
United Standard Funding is a San Diego, CA-based company in the Financial Services sector.
LendingUSA specializes in point of sale and direct-to-consumer financing solutions with a special focus on a wide range of elective medical services and consumer goods and services. The Company`s proprietary technology combines traditional and next generation underwriting and fraud detection techniques to approve loan applications in real-time – often in a matter of seconds. LendingUSA builds strong relationships with its merchant partners by providing the tools and training necessary for them to provide the appropriate financing to customers at their point of need. LendingUSA also powers a proprietary network of websites that help thousands of people each month research and obtain financing for healthcare and plastic surgery loans, fertility loans, dental loans, legal loans, pet loans, and many other needs. All loans are made by Cross River Bank, a New Jersey State Chartered bank, Member FDIC. Loans are not currently available in Connecticut, New York, West Virginia, and Vermont.
Ashland Group is a Houston, TX-based company in the Financial Services sector.
Franklin Mountain Capital (FMC) a Scottsdale, AZ based firm providing long-term capital and operating expertise for small and middle market businesses, primarily in the Southwest. The founders are the former executive management team of Western Refining, Inc. (NYSE: WNR), an independent oil refiner with refining operations in the Southwest and Upper Midwest US, Northern Tier Energy (NYSE: NTE) a crude oil and retail marketer with operations in the Upper Midwest, and Western Refining Logistics LP (NYSE: WNRL), a master limited partnership with operations focused in the Permian and Bakken crude oil-producing regions.