Centres Premium Finance Corporation, Estrella Group Holdings, Inc., and NicholasEstrella
Soneet R. Kapila was named Receiver of Centrex Premium Finance Corporation with principal duties including protecting the interests of Wachovia Bank, the secured creditor. Upon the issuance of two Receiver’s Reports, Nicholas Estrella returned in excess of $7.2 million to the company which represented funds disbursed to him by Centrex pursuant to the Premium Collection Agreement, allowing Centrex to remain solvent and in regulatory compliance with the Office of Insurance Regulation and repay loans to its creditors.
