From the horse's mouth: - Batmaaaan Posted: Sep 8th, 2019 - 10:36 pm In Reply to: There is a hearing once a month. - She has to show income and where the money went.
From one of the recent emails sent to employees (there have been many):Keystrokes is not in bankruptcy. Yes, one of the companies I own, JLT Holdings, LLC, has been in Chapter 11 reorganization since December. That does not reflect on Keystrokes and does not have anything to do with Keystrokes, other than Keystrokes rents the office building from JLT Holdings. This organization was necessary as we have been in dispute with the mortgage company that held the mortgage on the 3 buildings owned by JLT – the large office, the smaller office and the Florida condo. Most of you know that we purchased the condo back in 2010 as many of us were spending weeks at a time in Florida with training, account set up, IT and sales meetings of accounts in Florida. Now that is all past, and there is no need for the condo. Times were good in 2010; we did not expect the downtrend in transcription, the complete annihilation of radiology transcription due to Powerscribe and self-editing, EMR notes that physicians do themselves, power notes, or the adoption of Dragon dictation at many facilities. Transcription and editing are still strong, just not what they were in terms of volume and pricing, that they were in 2010 or before. In this reorganization, we sold the larger office and the Florida condo, with all proceeds going to the mortgage holder. That is the reason that we moved into the smaller building plus it lowered overhead substantially. The Chapter 11 is being dismissed on September 18th with everything settled.
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