Contact: Larry Whitlock, 800-843-0605
INDIANAPOLIS, Oct. 2 /Christian
Newswire/ -- Jim Clark, athlete, entrepreneur,
and Founder, Chairman and CEO of the Indianapolis based
retirement planning firm
Jim Clark and Associates has
been recognized by investors for his integrity in the
handling of failed company Progressive Alliance, Inc. In an
almost unprecedented act of generosity and integrity, Clark
personally guaranteed investors they will be compensated.
In 2001, Progressive Alliance, Inc., dba Progressive
Alliance of Retirement Planners, was forced into Chapter 11
reorganization bankruptcy. As a result, Jim Clark, the
Chairman of the company, notified the investors that should
the company's attempt to reorganize fail, he would
personally guarantee each investor's investment.
Charles Traylor, the attorney who handled the conclusion of
the reorganization proceeding said: "From day one of the
aforementioned events, Mr. Clark has maintained his personal
commitment to make sure every investor and every creditor
receives every penny that is due. Much of my practice has to
do with bankruptcy, and in my experience Mr. Clark's
attitude is most unusual..."
Ed Snyder, former member of the Board of Directors, said:
"Jim Clark is a unique individual. Not many people would use
their own money to make the investors whole. His integrity
speaks for itself."
Jim Clark is Founder, Chairman and CEO of Indianapolis based
Jim Clark and Associates,
the Number One retirement planning firm of its kind in the
world.
For information on retirement planning, no tax retirement
income, Private Retirement Plans, Guaranteed, Safe
Annuities, 401K Rollovers, and IRAs visit
www.jimclarkandassociates.com, or contact
Client Development / Jim Clark and Associates at
1.800.843.0605.