I got an email from LC that my maintenance fee of $100 will be coming due in August and if I don't pay, I will accumulate a maximum of $30 in late fees. If it is not paid by Dec 31, my Strata Ira will be closed and the Ira account automatically converted to a taxable LC account. It will be treated as an IRA distribution and will be taxable. Since I am over 59.5 years old, and I only have a few thousand in the IRA, this seems like a great way to close the Ira and wait for the outstanding notes to be paid off without selling them at fire sale prices.