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Home Banking Laws

Aliera Creditors Say Owner Used Health Ministry as ‘Piggy Bank’

by Staff
July 25, 2022
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July 25, 2022, 8:36 PM

  • Founder siphoned money out of company for personal use, creditors say
  • Committee asks bankruptcy court for permission to sue

A co-founder of The Aliera Companies Inc. used the bankrupt healthcare sharing ministry operator as “her personal piggy bank” and should be forced to return more than $9 million in funds fraudulently transferred from the company, a group of creditors said.

The committee of unsecured creditors urged the US Bankruptcy Court for the District of Delaware to permit a lawsuit against Aliera co-founder Shelley Steele to recover money on behalf of the company’s estate. The company has consented to the request, the committee said in a July 22 filing.

Aliera was ostensiby set up by Steele and her spouse Timothy …

Alex Wolf

© 2022 The Bureau of National Affairs, Inc.

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