Thread: Bankruptcy
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JackDidley JackDidley is online now
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Join Date: Nov 2016
Location: Indiana
Posts: 4,650
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Bankruptcy

How many times can a guy file? Local business has liens. Owner sells business. New owner decides he is not going to pay said liens. Lien holder goes to court and court orders property sale to satisfy liens. Days before the sherrifs sale owner files chapter 11 in bankruptcy court
and stops the sale. Lienholder goes back to court and judge throws out chapter 11 and orders sale. 5 minutes before auction lawyer comes in with chapter 13 filing and stops sale. More court bla bla bla, new sale scheduled. Last minute owner goes back to court files chapter 7 and stops the sale. I may not have the chapter numbers right but the basic facts are correct. How many times can the guy drag this out ? Has to be costing the auction company some coin in man hour and advertising. Any legal guys got any input on this ?
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Old 11-12-2019, 07:00 PM
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