^
+ Follow PLATINUM PLANS Tag
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 863110
                    [Title] => The death of memorial plans
                    [Summary] => 

Whatever happened to all the investigations made by legislators and regulators on pre-need companies that have defrauded planholders? It’s been almost 10 years since the pre-need industry first plunged into a crisis in the early 2000s, reaching catastrophic proportions with the collapse of Pacific Plans, College Assurance Plans, Platinum Plans and others with many having since been placed under receivership.

[DatePublished] => 2012-11-04 00:00:00 [ColumnID] => 133593 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Opinion [SectionUrl] => opinion [URL] => ) [1] => Array ( [ArticleID] => 434516 [Title] => Walang nakasisiguro sa kinabukasan [Summary] => ANG kasalukuyang krisis pinansiyal ay patunay na kahit ang pinakahiganteng bansa na may matatag na ekonomiya ay maaaring malumpo. [DatePublished] => 2009-01-26 00:00:00 [ColumnID] => 134525 [Focus] => 0 [AuthorID] => 1444024 [AuthorName] => Korina Sanchez [SectionName] => PSN Opinyon [SectionUrl] => opinyon [URL] => ) [2] => Array ( [ArticleID] => 334906 [Title] => 100,000 college planholders may not be able to enroll their kids this year — SEC [Summary] => More than 100,000 college planholders may not be able to enroll their children when school reopens this year after four major pre-need firms offering traditional plans have asked the courts for a suspension of payments, the Securities and Exchange Commission (SEC) said yesterday.

In an interview over radio station dzMM, SEC chairwoman Fe Barin said the estimate was based on figures submitted by the four pre-need firms to the corporate watchdog.
[DatePublished] => 2006-05-04 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Headlines [SectionUrl] => headlines [URL] => ) [3] => Array ( [ArticleID] => 334586 [Title] => Kapalpakan ng pre-need companies [Summary] => PANAHON na para tulungan ng government ang mga parents na biktima ng kapalpakan ng pre-need companies. Sabi nga, niloko nila ang mga parents for the future ng kanilang mga children.

Inirereklamo ng mga parents ang CAP, Platinum Plans, Capitol at TPG para ibalik ang perang ipinambayad nila para sa pag-aaral ng kanilang mga children. Ika nga, naloko sila.

Matagal na palang asking nila sa mga pre-need companies ang atik na ibinayad nila para pambayad sa skul ng kanilang mga anak pero up to now, alaws pang linaw ang hinihingi nila sa mga companies.
[DatePublished] => 2006-05-02 00:00:00 [ColumnID] => 135127 [Focus] => 0 [AuthorID] => 1096558 [AuthorName] => Butch M. Quejada [SectionName] => PSN Opinyon [SectionUrl] => opinyon [URL] => ) [4] => Array ( [ArticleID] => 311170 [Title] => SEC to continue monitoring Pacific, Platinum trust funds [Summary] => The Securities and Exchange Commission (SEC) will continue to monitor the trust funds of pre-need firms Pacific Plans Inc. and Platinum Plans despite the approval by the Makati Regional Trial Court of their respective rehabilitation plans.

The SEC’s Non-Traditional Securities Department, which oversees the operations of pre-need firms, has been ordered to continuously monitor the trust funds of Pacific and Platinum even if they are already under rehabilitation.
[DatePublished] => 2005-12-08 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [5] => Array ( [ArticleID] => 306456 [Title] => Platinum Plans gets debt relief [Summary] => Platinum Plans Inc. has secured a debt reprieve from a local court after finding merit in the cash-strapped pre-need firm’s petition for rehabilitation.

In an Oct. 14 order, Makati Regional Trial Court Judge Romeo Barza said "on the basis of the allegations in the petition and the rehabilitation plan, "the court finds that Platinum Plans stands a chance of being restored to a successful operation and solvency if given an opportunity to be rehabilitated under a viable rehabilitation plan."
[DatePublished] => 2005-11-12 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [6] => Array ( [ArticleID] => 296828 [Title] => Creditor-banks oppose court petition of Platinum Plans for debt relief, rehab [Summary] => Creditor-banks of pre-need firm Platinum Plans Inc. have opposed the company’s court petition for suspension of debt payments and rehabilitation.

In the summary hearing conducted yesterday by the Makati Regional Trial Court, creditors led by East West Banking Corp., China Banking Corp. and Bank of Commerce posed their objection to Platinum Plans’ petition for debt relief.
[DatePublished] => 2005-09-15 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [7] => Array ( [ArticleID] => 290614 [Title] => Platinum Plans contests SEC show-cause order [Summary] => Debt-strapped pre-need firm Platinum Plans, Inc. is contesting the show-cause order issued against it by the Securities and Exchange Commission (SEC), saying it is no longer under the SEC’s jurisdiction because of the petition for suspension of payments and rehabilitation it filed with the local court.
[DatePublished] => 2005-08-09 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [8] => Array ( [ArticleID] => 289597 [Title] => SEC issues show-cause letters to 4 pre-need firms [Summary] => The Securities and Exchange Commission (SEC) has issued separate orders directing four other pre-need companies to explain why they should not be sanctioned for violation of the rules on the sale and registration of pre-need plans.

The four are Platinum Plans, Pryce Plans, AMA Plans and Primanila Plans.

The show-cause letters were already sent to the four companies and the SEC is now awaiting their reply prior to imposing any sanctions against them.
[DatePublished] => 2005-08-03 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [9] => Array ( [ArticleID] => 285862 [Title] => SEC mulls charges against owners of Platinum Plans [Summary] => The Securities and Exchange Commission (SEC) is looking into Platinum Plans Inc. for possible filing of criminal charges against its owners and management due to reports of alleged misappropriation of funds that led to the collapse of the pre-need firm.

SEC chairman Fe Barin said the filing by Platinum Plans of a petition for suspension of payments with the court will not stop the commission from investigating the pre-need firm and imposing whatever sanctions as may be necessary.
[DatePublished] => 2005-07-11 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
PLATINUM PLANS
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 863110
                    [Title] => The death of memorial plans
                    [Summary] => 

Whatever happened to all the investigations made by legislators and regulators on pre-need companies that have defrauded planholders? It’s been almost 10 years since the pre-need industry first plunged into a crisis in the early 2000s, reaching catastrophic proportions with the collapse of Pacific Plans, College Assurance Plans, Platinum Plans and others with many having since been placed under receivership.

[DatePublished] => 2012-11-04 00:00:00 [ColumnID] => 133593 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Opinion [SectionUrl] => opinion [URL] => ) [1] => Array ( [ArticleID] => 434516 [Title] => Walang nakasisiguro sa kinabukasan [Summary] => ANG kasalukuyang krisis pinansiyal ay patunay na kahit ang pinakahiganteng bansa na may matatag na ekonomiya ay maaaring malumpo. [DatePublished] => 2009-01-26 00:00:00 [ColumnID] => 134525 [Focus] => 0 [AuthorID] => 1444024 [AuthorName] => Korina Sanchez [SectionName] => PSN Opinyon [SectionUrl] => opinyon [URL] => ) [2] => Array ( [ArticleID] => 334906 [Title] => 100,000 college planholders may not be able to enroll their kids this year — SEC [Summary] => More than 100,000 college planholders may not be able to enroll their children when school reopens this year after four major pre-need firms offering traditional plans have asked the courts for a suspension of payments, the Securities and Exchange Commission (SEC) said yesterday.

In an interview over radio station dzMM, SEC chairwoman Fe Barin said the estimate was based on figures submitted by the four pre-need firms to the corporate watchdog.
[DatePublished] => 2006-05-04 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Headlines [SectionUrl] => headlines [URL] => ) [3] => Array ( [ArticleID] => 334586 [Title] => Kapalpakan ng pre-need companies [Summary] => PANAHON na para tulungan ng government ang mga parents na biktima ng kapalpakan ng pre-need companies. Sabi nga, niloko nila ang mga parents for the future ng kanilang mga children.

Inirereklamo ng mga parents ang CAP, Platinum Plans, Capitol at TPG para ibalik ang perang ipinambayad nila para sa pag-aaral ng kanilang mga children. Ika nga, naloko sila.

Matagal na palang asking nila sa mga pre-need companies ang atik na ibinayad nila para pambayad sa skul ng kanilang mga anak pero up to now, alaws pang linaw ang hinihingi nila sa mga companies.
[DatePublished] => 2006-05-02 00:00:00 [ColumnID] => 135127 [Focus] => 0 [AuthorID] => 1096558 [AuthorName] => Butch M. Quejada [SectionName] => PSN Opinyon [SectionUrl] => opinyon [URL] => ) [4] => Array ( [ArticleID] => 311170 [Title] => SEC to continue monitoring Pacific, Platinum trust funds [Summary] => The Securities and Exchange Commission (SEC) will continue to monitor the trust funds of pre-need firms Pacific Plans Inc. and Platinum Plans despite the approval by the Makati Regional Trial Court of their respective rehabilitation plans.

The SEC’s Non-Traditional Securities Department, which oversees the operations of pre-need firms, has been ordered to continuously monitor the trust funds of Pacific and Platinum even if they are already under rehabilitation.
[DatePublished] => 2005-12-08 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [5] => Array ( [ArticleID] => 306456 [Title] => Platinum Plans gets debt relief [Summary] => Platinum Plans Inc. has secured a debt reprieve from a local court after finding merit in the cash-strapped pre-need firm’s petition for rehabilitation.

In an Oct. 14 order, Makati Regional Trial Court Judge Romeo Barza said "on the basis of the allegations in the petition and the rehabilitation plan, "the court finds that Platinum Plans stands a chance of being restored to a successful operation and solvency if given an opportunity to be rehabilitated under a viable rehabilitation plan."
[DatePublished] => 2005-11-12 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [6] => Array ( [ArticleID] => 296828 [Title] => Creditor-banks oppose court petition of Platinum Plans for debt relief, rehab [Summary] => Creditor-banks of pre-need firm Platinum Plans Inc. have opposed the company’s court petition for suspension of debt payments and rehabilitation.

In the summary hearing conducted yesterday by the Makati Regional Trial Court, creditors led by East West Banking Corp., China Banking Corp. and Bank of Commerce posed their objection to Platinum Plans’ petition for debt relief.
[DatePublished] => 2005-09-15 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [7] => Array ( [ArticleID] => 290614 [Title] => Platinum Plans contests SEC show-cause order [Summary] => Debt-strapped pre-need firm Platinum Plans, Inc. is contesting the show-cause order issued against it by the Securities and Exchange Commission (SEC), saying it is no longer under the SEC’s jurisdiction because of the petition for suspension of payments and rehabilitation it filed with the local court.
[DatePublished] => 2005-08-09 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [8] => Array ( [ArticleID] => 289597 [Title] => SEC issues show-cause letters to 4 pre-need firms [Summary] => The Securities and Exchange Commission (SEC) has issued separate orders directing four other pre-need companies to explain why they should not be sanctioned for violation of the rules on the sale and registration of pre-need plans.

The four are Platinum Plans, Pryce Plans, AMA Plans and Primanila Plans.

The show-cause letters were already sent to the four companies and the SEC is now awaiting their reply prior to imposing any sanctions against them.
[DatePublished] => 2005-08-03 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [9] => Array ( [ArticleID] => 285862 [Title] => SEC mulls charges against owners of Platinum Plans [Summary] => The Securities and Exchange Commission (SEC) is looking into Platinum Plans Inc. for possible filing of criminal charges against its owners and management due to reports of alleged misappropriation of funds that led to the collapse of the pre-need firm.

SEC chairman Fe Barin said the filing by Platinum Plans of a petition for suspension of payments with the court will not stop the commission from investigating the pre-need firm and imposing whatever sanctions as may be necessary.
[DatePublished] => 2005-07-11 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
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