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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Empty Threat Posted by Lughead on May 21, 2003 at 9:58 PM In Reply to: Empty Threat posted by SeanW on May 21, 2003 at 8:03 PM hi sean thanks for the response true we have a good position as a secured creditor unfortunately if he files we need to file a Proof of Claim - respond to his plan - which i think will be bogus - and potentially file for relief from stay during these months, equity will diminish aas the 1st is due - taxes - insurance, etc - in this case i would foresee us getting the property vs having someone purchase at sale - could be wrong - - - i think the thing that got to me was more like a dog biting the hand that feeds it -- we have been very helpful to this Trustor and it is more a 'slap in the face' - but these are emotions so this is a lot of venting as there are a lot of folks on this site that do deals on a regular basis and it is nice to know that we are probably not the first to have something happen plus alot of good suggestion can surface again - thank you for responding Lughead : Bankruptcy is no defense against secured debt. But yeah, he can delay things and make a royal stink for a few months. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : hi sean : thanks for the response : true we have a good position as a secured creditor : unfortunately if he files we need to file a Proof of Claim - respond to his plan - which i think will be bogus - and potentially file for relief from stay : during these months, equity will diminish aas the 1st is due - taxes - insurance, etc - in this case i would foresee us getting the property vs having someone purchase at sale - could be wrong - - - : i think the thing that got to me was more like a dog biting the hand that feeds it -- we have been very helpful to this Trustor and it is more a 'slap in the face' - but these are emotions : so this is a lot of venting as there are a lot of folks on this site that do deals on a regular basis and it is nice to know that we are probably not the first to have something happen : plus alot of good suggestion can surface : again - thank you for responding : Lughead : : Bankruptcy is no defense against secured debt. But yeah, he can delay things and make a royal stink for a few months. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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