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posted to rec.boats
Rob Rob is offline
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First recorded activity by BoatBanter: Nov 2009
Posts: 34
Default Okay, so here's what happened.

Gene wrote:
On Tue, 24 Nov 2009 19:45:42 -0500, wrote:

If they file Chapter 7, the boats in the yard can be quickly returned to
the owners.


"Can" be, but don't hold your breath. Get a lawyer... spend $$$$$$$$$
See Item 3 ===

If they are torn apart, in the middle of a service, you are
out of luck and will have to pay someone else to finish the job.


Oh, YEAH.... ever the optimist. ASSUMING (all or any of) the parts
can be found.

If they have an account started with you, with a balance, the bankruptcy
court can attempt to make you pay for the benefit of the trust.


Item 3===
Which is a wonderful ploy if they are trying to raid YOUR pockets to
pay THEIR encumbrances... WHETHER OR NOT anything has actually been
accomplished!


I agree on #3 - they will nickle and dime every penny they can get for
"expenses". Personal property that is in for repair is always released
prior to the auction and final "tally" if it's removed in the allowed
time frame.

Rob