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Used to be Singpilot...
Join Date: Oct 2006
Location: Sioux Falls, SD is what the reg says on the bus.
Posts: 1,867
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Bankruptcy Court.....
Accompanied a friend there this morning. Sat thru a standing room only stream of refugees from 'Change is Good-isms'.
In California. Couples (many of them) had upside down mortgages. Upside down in Escalades, BMW's, Quads, Boats. Many had already surrendered additional cars, but no foreclosure proceedings allowed. If so, another meeting was required.
If BK was approved, does that mean they get to keep the house and cars/quads/boats? How do they gain title if lienholders cannot collect? Are they done paying for them?
I suspect there are some re-affirmations going on, but wow. All of these were chapter 7's.
Anyone know?
Last edited by fingpilot; 10-08-2009 at 01:59 PM..
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