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USA TODAY THURSDAY, MAY 28, 2015
PERSONAL FINANCE
Money-minded gifts for grads
Postal Service needs this Plan B Expanding financial services makes sense Darrell Delamaide Special for USA TODAY
Nanci Hellmich USA TODAY
Finding a smart present for a high school or college graduate can be challenging for even the most thoughtful gift giver.
Time for Plan B at the U.S. Postal Service. No, this is not about suspending Saturday delivery, closing offices, or curbing door-to-door delivery. The much-maligned agency is actually doing a heroic job in fulfilling its monopoly for delivering What can you give that will help in the future? first-class mail even as the volume of mail plummets and private competitors skim the cream off the top of the lucrative package-delivery business. What gift might last a lifetime? This Plan B is about expanding the range of financial services USPS can offer through its 30,000 USA TODAY asked several retail outlets even without new congressional authorization. financial experts what gifts The Office of the Inspector General for the agency has come they’d recommend. Here out with a new suggestion for expanding the money-order, checkare some of their ideas: cashing and bill-payment services already available at post offices as Buy them a share of a stepping stone to wider expansion of financial services down stock, suggests certified financial planner Jeff Rose, author of the road. “Soldier of Finance: Take The postal OIG in January Charge of Your Money and 2014 detailed a more ambitious Invest in Your Future.” Then vision to essentially convert the the grad can track the stock USPS into a bank, offering a full value and learn how the range of financial services. market works. Rose also adNot only would this provide a vises paying for them to see a substantial new source of revefinancial planner. “A client of nue, but it would also make afmine did this for his daughter. ... I fordable banking services explained to her the basics of comavailable to the 68 million Ameripound interest, mutual funds and cans who are currently underRoth IRAs. She learned more in served by banks. that hour about investing This was far too sensible a plan than I did after four for lawmakers, many of whom alyears of college.” ready are unaccountably hostile toward the USPS and most of Give them whom are susceptible to the some stock in a fierce opposition to the plan from company that the financial lobby. GETTY IMAGES/ISTOCKPHOTO So last week, the postal OIG they already love such as Apple, Coach or Google, says Atlansuggested a more limited expanPay for an hour with a As for the experts’ top ta-based certified financial planner sion as one of five ways to become financial advice for Wes Moss, author of “You Can Retire fee-only financial ada significant player in alternative viser, says Lynnette Khalfani-Cox, grads? Avoid debt, says Dave Sooner Than You Think.” “I am a financial services. author of “College Secrets: How to Ramsey, co-author of “Smart Money, huge believer in people getting “The first approach we identiSave Money, Cut College Costs and Smart Kids.” “Pay cash for everytrained at a young age on the confied envisions the Postal Service Graduate Debt Free.” For many thing. If you can’t pay for it, don’t buy expanding the products it already cept of investing. A real gift to them young people, “the idea of having a it. If you already have student loans, is something that makes them offers under its existing legal aufinancial adviser probably seems start saving now and have a game aware that money can grow.” thority,” the new report said. premature and a little foreign, but plan for paying them off as quickly “This approach would let the this is the ideal time to get help as you can. You don’t want them Postal Service build on its current Give them cash so they because it can put them on the right hanging around and keeping you strengths and provide these afsplurge a little, says Ric Edelpath to financial independence.” from doing other things like buying fordable products in every Amerman, author of “The Truth about The financial planner can work a house or saving for retirement.” ican neighborhood.” Money.” To help them build a solid with them to create a budget and Post offices are already the financial foundation for the future, talk about the importance of saving, MORE IDEAS ONLINE consider giving them a book about leading provider of paper money having a financial plan, living within USATODAY.COM/MONEY personal finance. “The sooner they orders, issuing some 97 million in their means and investing in their Check out more tips on the perlearn how money works, the more fiscal 2014 with a face value of company’s 401(k), once they have a successful they will be in life.” fect gift from money pros. job, she says. $21 billion. It also offers limited BUSINESS REGULATION
WASHINGTON
check cashing, prepaid cards and international money transfers. All of these services could be extended, the report suggests, to include payroll check cashing, electronic domestic money transfers between post offices, international money transfers to more countries, walk-up bill pay, ATMs and gift cards. In international monetary transfers, for instance, the Postal Service currently only serves four of the top 10 destinations for remittances by foreign workers — Mexico, Guatemala, El Salvador and the Dominican Republic. It could add many others, including China, India and the Philippines. The OIG reckons these services could be provided under the agency’s existing legal authority, though the Postal Regulatory Commission would have to approve any product expansions. Even this limited expansion could result in added revenue of $1.1 billion a year after the first five years, the report says. A survey last year by the Pew Charitable Trusts found that 59% to 81% of those currently using alternative financial services, depending on the specific product, would be likely to go to their local
JUSTIN SULLIVAN, GETTY IMAGES
USPS can offer banking services even without new authorization.
post office to buy lower-cost financial products. Consumers of all political stripes surveyed by Pew were in favor of the Postal Service providing financial services. Democrats were most in favor, at 66%, with only 24% seeing it as a potential impairment to mail delivery or an unfair advantage against private competitors. Republicans were 51% in favor, with 39% having reservations. This new Plan B might be the best way to go. The other approaches suggested involve partnering with other financial service providers, creating a marketplace for financial products or licensing as a full-fledged bank — all of which would probably require new legislation. “It may be most feasible for the Postal Service to start small with what it can currently do,” the OIG report says, “and then expand strategically once it has proven success.” Darrell Delamaide has reported for Barron’s, Bloomberg News and others
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UNITED STATES BANKRUPTCY COURT, CENTRAL DISTRICT OF CALIFORNIA, LOS ANGELES DIVISION Chapter 11 In re: Case Nos. 2:15-bk-11084 SK STATE FISH CO., INC.and 2:15-bk-11085 SK CALPACK FOODS, LLC, Jointly Administered Debtors. NOTICE OF BAR DATES FOR FILING PROOFS OF CLAIM AND INTERESTS On May 21, 2015, the United States Bankruptcy Court for the Central District of California (the “Court”) entered an order (the “Bar Date Order”) in the chapter 11 bankruptcy cases (the “Cases”) of State Fish Co., Inc.(“State Fish”) and Calpack Foods,LLC (“Calpack,”and together with State Fish,the“Debtors”). By the Bar Date Order,the Court has set a deadline of July 7,2015 for creditors and holders of ownership interests in the Debtors’CasestofileproofsofclaimagainstorproofsofinterestintheDebtors’estates. The exceptions to this deadline for filing proofs of claim or interest are:(1) claims arising from rejection of executory contracts or unexpired leases;(2) claims of governmentalunits;and (3) claims arising as the result of transferavoidancepursuanttochapter5oftheBankruptcyCode. For claims arising from rejection of executory contracts or unexpired leases pursuant to 11 U.S.C.§ 365,the last day to file a proof of claim is:(a) 30 days after the date of entry of the order authorizing the rejection,or (b) July7,2015,whicheverislater. For claims of“governmental units,”as that term is defined in 11 U.S.C.§ 101(27),proofs of claim are timely filed if filed:(a) before 180 days after the date of the order for relief in the Debtors’cases,or (b) by July 27,2015, whicheverislater. 11U.S.C.§502(b)(9). For claims arising from rejection of executory contracts or unexpired leases pursuant to 11 U.S.C.§ 365,the last day to file a proof of claim is: (a) 30 days after the date of entry of the order authorizing the rejection,or (b) July7,2015,whicheverislater. If you are listed on the Schedules of Assets and Liabilities or the Lists of Equity Security Holders of the Debtors and your claim or interest is not scheduled as disputed, contingent, unliquidated or unknown, your claim or interest is deemed filed in the amount set forth in the schedules or lists, and the filing of a proof of claim or interest is unnecessary if you agree that the amount scheduled or listed is correct and that the category in which your claim or interest is scheduled (secured,unsecured,priority,non-priority,etc.) is correct. 11 U.S.C.§ 1111(a). If your claim or interest is not listed on the schedules or lists or is scheduled as disputed, contingent,unliquidatedor unknown,oryou disagreewith the amount ordescription scheduled for your claim orinterest,youmustfileaproofofclaimorinterest. Failure of a creditor or interest holder to timely file a proof of claim or interest on or before the deadline may result in disallowance of the claim or interest or subordination under the terms of a plan of reorganization without further notice or hearing.11 U.S.C.§ 502(b)(9).Creditors and interest holders may wish to consult an attorney to protect their rights. This notice is only a summary of the procedures approved by the Court in these cases. All parties are referred to the Bar Date Order,the Bankruptcy Code, and the Bankruptcy Rules for additional information regarding the filing and treatment of proofsofclaimorinterest. DATED: May21,2015 /s/JonathanM.Weiss JonathanM.Weiss, KLEE,TUCHIN,BOGDANOFF&STERNLLP AttorneyforR.ToddNeilson,Chapter11Trustee
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) Chapter 11 In re: ) Case No. 15-108363 (KG) FREDERICK’S OF HOLLYWOOD, INC., et al., Debtors. ) (Jointly Administered) NOTICE OF DEADLINE FOR FILING OF PROOFS OF CLAIM (GENERAL BAR DATE IS JUNE 22, 2015 AT 5:00 P.M. (PT))
PLEASETAKE NOTICE OFTHE FOLLOWING: 1. On April 19,2015 (the“Petition Date”),the Debtors filed voluntary petitions for relief under chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware.Set forth below are the name, the last four digits of the federal tax identification number and the case number for each of the Debtors:DEBTOR,LAST 4 DIGITS OF EIN,CASE NO.:Frederick’s of Hollywood,Inc.,6265,15-10836 (KG); Frederick’s of Hollywood Group Inc.,3042,15-10837 (KG);FOH Holdings,Inc.,5442,15-10838 (KG);Frederick’s of Hollywood Stores, Inc., 8882, 15-10839 (KG); Hollywood Mail Order, LLC, 5205, 15-10840 (KG); FOHG Holdings,LLC,7902,15-10841(KG). 2. On May 18,2015,the Court entered an order [Docket No.178] (the“Bar Date Order”) establishing certaindeadlinesforthefilingofproofsofclaimintheDebtors’chapter11cases. 3. Pursuant to the Bar Date Order, all persons, entities and governmental units,including holders of GIFT CARDS, GIFT CERTIFICATES OR MERCHANDISE CREDITS purchased prior to the Petition Date (“Gift Card/Merchandise Credit Holders”),who havea claim or potentialclaim,including any claims under section 503(b)(9) of the Bankruptcy Code, against any of the Debtors that arose prior to the Petition Date, no matter how remote or contingent such right to payment or equitable remedy may be, MUST FILE A PROOF OF CLAIM on or before June 22, 2015 at 5:00 p.m. (PT) for general creditors (the “General Bar Date”), July 20, 2015 at 5:00 p.m. (PT) for Gift Card/Merchandise Credit Holders (the“Consumer Bar Date”) and October 16,2015 at 5:00 p.m.(PT) for governmental units (the“Governmental Unit Bar Date,” and together with the General Bar Date and the Consumer Bar Date, the“Bar Dates”), by sending an original, signed proof of claim form to Kurtzman Carson Consultants LLC (“KCC”) by regular mail, overnight mail or hand delivery to Frederick’s Claims Processing Center, c/o Kurtzman Carson Consultants LLC, 2335 Alaska Avenue,El Segundo,CA 90245,so that it is actually received on or before the applicable Bar Date.Proofs of claimsentbyfacsimileore-mailwillnotbeaccepted. 4. ANYPERSONORENTITY(EXCEPTAPERSONORENTITYWHOISEXCUSEDBYTHETERMSOFTHE BAR DATE ORDER) WHO FAILS TO FILE A PROOF OF CLAIM ON OR BEFORE THE APPLICABLE BAR DATE IN ACCORDANCE WITH THE INSTRUCTIONS ABOVE WILL BE FOREVER BARRED AND ESTOPPED FROM VOTING UPON, OR RECEIVING DISTRIBUTIONS UNDER, ANY PLAN OR PLANS OF REORGANIZATION ORLIQUIDATIONINTHECHAPTER11CASES. 5. Proof of claim forms and a copy of the Bar Date Order, as well as the more comprehensive Bar Date Notice may be obtained by visiting KCC’s website at www.kccllc.net/fredericks or by contacting KCC by regular mail, overnight mail or hand delivery at Frederick’s Claims Processing Center, c/o Kurtzman Carson Consultants LLC, 2335 Alaska Avenue, El Segundo, CA 90245, or by phone at (888) 733-1437 or for international calls at (310) 751-2634.KCC cannot advise you how to file,or whether you should file,a proof of claim. Questions concerning the contents of this Notice and requests for copies of filed proofs of claim should be directed to KCC at (888) 733-1437 or for international calls at (310) 751-2634.Please note that neither KCC’s staff,counsel to the Debtors nor the Clerk’s Office is permitted to give you legal advice.KCC cannot advise you howtofile,orwhetheryoushouldfile,aproofofclaim. A HOLDER OF A POSSIBLE CLAIM AGAINST THE DEBTORS SHOULD CONSULT AN ATTORNEY REGARDING ANY MATTERS NOT COVERED BY THIS NOTICE,SUCH AS WHETHER THE HOLDER SHOULD FILEAPROOFOFCLAIM. AttorneysforDebtors:RussellC.Silberglied(No.3462),ZacharyI.Shapiro(No.5103),JosephC.Barsalona II(No. 6102),RICHARDS,LAYTON & FINGER,P.A.,One Rodney Square,920 North King Street,Wilmington,Delaware 19801, Telephone: (302) 651-7700, Facsimile: (302) 651-7701 -and- Tyson M. Lomazow, Matthew Brod, MILBANK,TWEED,HADLEY & McCLOY LLP,One Chase Manhattan Plaza,NewYork,NY 10005,Telephone:(212) 530-5000,Facsimile:(212)530-5219
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Notice is hereby given that sealed responses will be received by Region 4 Education Service Center located at 7145 West Tidwell Road, Houston, TX 77092 until: Tuesday, June 30, 2015 @ 10:00 AM CDT The Cooperative Purchasing Network (TCPN) Request for Qualifications (RFQ) for RFQ # 15-10: National Job Order Contracting Request for Proposal (RFP) for RFP # 15-07: Educational Software, Media & Peripherals RFP # 15-08: Elevator Equipment, Service, Repair and Related Services RFP # 15-09 Electric Power Provider and Related Services RFP # 15-11 Athletic & Physical Education Supplies and Uniforms All proposals duly delivered and submitted will be publicly opened and recorded on the date and time reflected above. Any proposal received after the stated closing time will not be considered and returned unopened. If proposals are sent by mail, the Offeror shall be responsible for ensuring delivery of the proposal to Region 4 Education Service Center before the advertised date and hour for the opening. Proposals must be signed, sealed, clearly identified with the solicitation number, title, name and address of the company responding. Specifications and details of can be found at www.esc4.net or www.tcpn.org under Current Solicitations. General inquiries may be directed to Robert Zingelmann at
[email protected] Until final award, Region 4 Education Service Center reserves the right to reject any and/or all proposals, to waive any technicalities, to re-advertise, and to otherwise proceed when in the best interest of Region 4 Education Service Center.
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