On July 19th, VOIP provider Sun Rocket (www.sunrocket.com) announced it was terminating its service. Consumers fumed.....especially those that had plunked down up to $200 for a prepaid annual contract of low-cost VOIP service.

To the company's credit, it arranged deals with other VOIP companies to take over the contracts of its customers. While some customers reported losing VOIP service, the majority appeared not to have suffered loss of phone service. However, quite a few customers reported that they'd prepaid for an annual contract and these new service providers were not honoring those contracts. They were angry and felt ripped off.

The closure came without any warning. Even people working at the company report being surprised by the news. Many didn't find out until the day they reported to work and noticed that the phones weren't ringing at their office: the company's call center had been shut down but the CSRs weren't told! Yet, people in the industry knew that Sunrocket was struggling to find a buyer and had been repeatedly failing.....in part because of the liabilities posed by the annual contracts that had been prepaid.

The good news is that for those customers who paid the annual fee and now have nothing to show for it, some credit card companies are agreeing to refund the money for the unused service. Chase, in particular, is reported to be crediting customers' account. It is likely others will as well. There's some good information about what former Sunrocket customers can do to get their money back and/or switch to other VOIP providers. In particular, check out:

http://www.broadbandreports.com/forum/r18686213-SR-Bankrupt-Recap-What-T...