But because the estimated delivery kept getting pushed back “four to six weeks” multiple times, Williamson started to worry. Williamson invested his inheritance into 10,000 silver rounds for $148,000 back in November. “My God, this is my life savings,” he said in a phone interview. John Williamson of California is one of them. She also confirmed the mint has 3,500 creditors. While Walton said she couldn’t speak to a particular case, she did confirm that any creditors who want to or are able to attend the meeting can do so and may also be able to ask questions about the schedule of events. “And they ask the debtors questions under oath about the documents they filed at the beginning of the case.”
Bankruptcy Court in the Western District of Washington. Trustee,” said Gina Zadra Walton, the Chief Deputy Clerk for the U.S. “This is the time that a debtor is required to appear before a trustee, the U.S. While the May 11 meeting will act as an initial meeting, eventually Calvert will ask Hansen a series of question. “Thank you for your understanding and your business.” “If your order was placed on or after April 1, your order will be filled in the regular course of business or we will return your check to you if the specific items are not currently available,” the website says. The website provides instructions on how to do so.
If their checks weren’t cashed, the website states their money will be returned to them in the “near future.”Ĭreditors should file a Proof of Claim with the U.S. People who ordered bullion online prior to April 1 and had their checks cashed are considered creditors of the Northwest Territorial Mint bankruptcy case. “I would appreciate your patience until May 11 so I can focus on completing my initial assessment and distribute information to all creditors,” he wrote, adding that the report would be available for download later. On a website to provide updates on the bankruptcy,, Calvert announced his intent is to have an initial creditors meeting on May 11 to provide his “initial findings, anticipated time lines and estimated recovery for the customers.”
While it’s yet to be determined if Northwest Territorial Mint has red flags in their finances or fraudulent business practices, several customers have alleged the business was also operating a Ponzi scheme.
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