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To our valued teachers and students,
It is with a heavy heart that we write this letter. We created The Actor's Key as a way for actors to gain an education in performing and the business of acting. Throughout the past almost-decade, we have had so many of you touch our lives, and we hope that our effect on your lives has been a positive one.
Unfortunately, as many of you are aware, we have been charged with violating the Krekorian Talent Act.
As a result of these circumstances, we have found that there is no realistic alternative to closing the business, and commencing bankruptcy proceedings under Chapter 7. The Actor's Key, LLC has begun taking steps in that direction. The commencement of a bankruptcy case will result in the appointment of a trustee to manage the case, liquidate assets of the company, and make distributions to creditors, if there are funds available to do so. Although we are hopeful that those of you with credits and/or claims for refund will get at least a small dividend from the bankruptcy case, it is too early to tell whether that will be the case. The Chapter 7 Trustee will determine if and to what extent there will be any payments to creditors.
We thank-you for all the years you have spent with us. We hope you will continue to open doors to success, using the keys you learned from us over the years.
The Actor's Key Family