Aviawest/Crelogix bankruptcy merged thread

[sheila7 Junior Member Find all posts View Profile Close sheila7]

So then Why are we being forced to do a merger!!!!!!!

If as u say we are a separate entity from aviawest inc. then why are all the members being forced into a VI membership and not having the other intertwined companies you all have liquidate the assets and pay us out!!!!!! There are almost 2.5 million a year in membership fees 7 resorts and all the other development income that can be dealt with to get us our money back. I am a long time owner and don't wanna loose my points but also knowing that all the companies are owned by various family members leaves places and excuses for the company to hide under. We don't care who owns what and if the other division of the company is not bankrupt they should be forcing the whole lot of you to pay up to all the owners and give us all our money back!!!!!!

If you are an owner in the resort as well I apologize for venting to you as an owner but I am sure all of us feel as frustrated as I am and very ripped off.

[tpelton007 Junior Member Find all posts View Profile Close tpelton007]

Unable to attend...

My cold has blossomed so i will stay home.

I have already set up the email (aviawestmembers@gmail.com) and would be happy to use it to support communications between any ARC members.

But, on reflection it might just be simpler to direct folks to this forum. If we tell folks to check out the discussion on timeshareforums then we can continue the conversation.

[djyamyam Senior Member Find all posts View Profile Close djyamyam]

So who went to the meeting? Any updates on how it went or what was decided?

[Skippy Junior Member Find all posts View Profile Close Skippy]

Received this email March 12th, 2012

Dear Aviawest Club Member,

The following is an update regarding the March 11, 2012 meeting and proposed merger with Vacation Internationale. Thank you to all Club members who submitted proxies or participated in the meetings.

The vote to approve the merger was overwhelming positive. Approximately 97% of those who voted cast a YES vote to merge with Vacation Internationale, for a preliminary total of 1350 Yes votes vs 38 No votes.

The proposed merger remains subject to the Supreme Court hearing on March 19th, 2012.

The following are additional resources as they relate to the proposed merger:

Vacation Internationale presentation given at the meetings http://www.viresorts.com/AviawestMeeting.pdf


Vacation Internationale FAQ's: Frequently Asked Questions about the proposed merger with Vacation Internationale | Vacation Internationale
There have also been some questions from PSOE owners who have converted deeded weeks in the past ten years. Deeded weeks with PSOE, and any points associated with those weeks, are not affected by the proposed merger. Any PSOE ownership interests which are seeded with RCI points are not affected by the VI merger, and will continue to generate RCI points related to the deeded week that generate them.

We will continue to keep you updated on the proposed merger and all other important club news.

Thank you again for your participation.

Club Board of Directors
aviawestclub@gmail.com

[T. R. Oglodyte Moderator Find all posts View Profile Close T. R. Oglodyte]

Couple of links from the VI website:

Aviawest FAQ

Presentation From March 11, 2012 Meeting

[sheila7 Junior Member Find all posts View Profile Close sheila7]

Aviawest point/merger with Vacation Internationale

Aviawest is merging with VI as long as the proposal is accepted. Where are you looking to get the points? Vacation Internationale will be taking over the 5 resorts in the near future. We all are going to maintain the points we have and will still be able to book thru RCI. RCI the booking company that aviawest was using. We will also be able to convert our points to VI points (We have 40, 000 Aviawest points) which gives us about 3 vacations a year. We take one big one and 2 small ones close to home. It depends on how much travelling you do in a year. With 40, 000 points or 95 VI points which ever way we want to use them. The booking fee with RCI is a little more but they have tons of resorts to choose from. If you choose to book thru VI then the booking fee is $20. It can get confusing but have a look at the VI website. We pay a maintenance fee per year. Hope this helps..... Cheers

[janesmith Junior Member Find all posts View Profile Close janesmith]

Bankruptcy is really hard for any business.

__________________________________

SPAM LINK REMOVED BF

[djyamyam Senior Member Find all posts View Profile Close djyamyam]

For anyone interested, here was the monitor's report that was filed on March 15. It's interesting reading. There was a major meeting today but nothing is posted about the outcome. I suspect something will be posted in the next couple days.

http://www.grantthornton.ca/resource...%20REVISED.pdf

[lgvholdings Junior Member Find all posts View Profile Close lgvholdings]

No news? Bad news...

I'm thinking if the judge ruled in favour of the merge, the Emails would be flowin' pretty quick. More of the same however. No info, = don't give "the peasants" any info untill we (the Board) have decided what is "best".

[djyamyam Senior Member Find all posts View Profile Close djyamyam]

Here's your board's response to the Monitor's March 15 report. Let's see what the court decides.

http://www.grantthornton.ca/resource...019%202012.PDF

[Daveb1956 Junior Member Find all posts View Profile Close Daveb1956]

Trying to get out also

We owned 40,000 points with Aviawest and were also desperate to get out! After many emails and phone calls with Aviawest Resort Club directors we were able to get out of our contract by paying the 2012 maintenance fee of $556.00 in full and the legal tranfer fee of $140.00 to transfer our $40,000 points back to Aviawest. We lost over $17,000 in this expensive mistake but sometimes the act of walking away is the best move and brings your the peace of mind and closure needed to realize that you made a really bad decision, live and learn! I pity any time share sales representative that EVER approaches me or my husband in the future! The sting of losing close to $20,000 will NEVER be forgotten!!!!!! I would suggest this approach, it worked for us! Best of luck !

I also trying to get out
Have a contract with aviawest not crelogic
So I stopped payment and then I get a call from crelogic
How do I get out ? Get a contract lawyer or
Tell crelogic to sue me
Please help me out

[qb_bc Junior Member Find all posts View Profile Close qb_bc]

I also trying to get out
Have a contract with aviawest not crelogic
So I stopped payment and then I get a call from crelogic
How do I get out ? Get a contract lawyer or
Tell crelogic to sue me
Please help me out

I've been away so didn't have a chance to comment.

The answer to your question is, as you said, to get a lawyer. There is too much here for anyone to be able to give you advice.

What has happened is that you contracted with Aviawest for the purchase of the time share. They in turn sold the debt portion of their contract with you to Crelogic, who is the one that you now owe the money to. However, all contractual matters need to be resolved with Aviawest.

This is similar to using a credit card to purchase an item, where you have the debt with the credit card company not the store where you purchased the item. The difference in this example, though, is the credit card may help you in the resolution of a dispute, but Crelogic will not.

Not paying Crelogic could result in the destruction of your credit rating.

Hence, the suggestion to go for qualified help and advice in your situation.

Good luck.

[qb_bc Junior Member Find all posts View Profile Close qb_bc]

Now we wait!

I see that the judge has approved VI purchasing ARI and the take over of Aviawest Resort Club. The date I believe is the earlier of July 16 or completion of the contract.

Now we sit and wait to see what the details will be, and what options will be available to us.

As I had said, I will be looking at the contractual terms. I do now want this time share obligation to extend beyond my life, into my estate where my children will end up responsible for dealing with it. If this is what the VI contract will be, then I will likely not join and will let the ARC points die a natural death.

I'll be looking with interest for discussion when we start to receive details.

[T. R. Oglodyte Moderator Find all posts View Profile Close T. R. Oglodyte]

I see that the judge has approved VI purchasing ARI and the take over of Aviawest Resort Club. The date I believe is the earlier of July 16 or completion of the contract.

Now we sit and wait to see what the details will be, and what options will be available to us.

As I had said, I will be looking at the contractual terms. I do now want this time share obligation to extend beyond my life, into my estate where my children will end up responsible for dealing with it. If this is what the VI contract will be, then I will likely not join and will let the ARC points die a natural death.

I'll be looking with interest for discussion when we start to receive details.

Yes, the members now need to see what the details are for the new structure. That being said, I would be quite surprised if there were any changes n the durations of contracts.

[qb_bc Junior Member Find all posts View Profile Close qb_bc]

Aviawest & VI

I am curious if there are any other members here that have Aviawest and are not going to convert to VI. I would like to compare notes with you.

Thanks.