Count Me In headed to bankruptcy
The online registration and payment company that is being sued by the Alameda Education Foundation for non-payment of parent fees has been pushed into involuntary bankruptcy by some of its former clients, according to this press release the company sent out Wednesday.
Three Alaska sports clubs that had been clients of the Bellevue, Wash.-based Count Me In Corporation asked a federal bankruptcy court to take over the company, which they said owed them a combined $174,401.34, on December 22. According to the release, the court did just that on Wednesday.
I checked in with Page Barnes, the attorney representing AEF in the suit, about what it all means for them. She said it means her court action, which claims the company owes the nonprofit $40,000 in parent registration fees for enrichment classes, will be stayed while the bankruptcy court sorts out the mess.
Terry Drayton, who is the head of the eight-year-old company, has said it owes $5 million to 220 sports clubs and nonprofits across the country. He said the company has been actively seeking a buyer in order to pay back the money it owes.