Re: I get a kick out of this mentality. - Posted by B.L.Renfrow
Posted by B.L.Renfrow on June 14, 2000 at 08:56:17:
OK, what am I missing here? I don’t see how Bubba is going to come out of this proposed BK with a free boat. Either he files Chapter 7 and the boat is seized and sold by the BK trustee, or he files Chapter 13 and has to keep paying on the loan…either way, no free boat for Bubba
Incidentally, I concur with your advice to the original poster. If the husband quit-claims his interest in the property to the wife and heads for the hills, with or without his boat, she should be fine to deed it into the trust down the road – assuming she is not also planning on filing BK.
That story reminds me of some brain-surgeon types who bailed from one of my L/Os last fall…disappeared, literally. Even though they stuck me with an unpaid water bill and swiped my washer and dryer, I made no effort to locate them, since they had nothing to go after anyway.
Got a call a few weeks ago from a young woman who said her parents had a MH for sale, and they were “desperate” and planning on filing BK…guess who? Apparently Dimwit Daughter didn’t recognize my phone number, or my voice on the answering machine!