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CopperKen

06/11/10 12:14 AM

#65858 RE: ThunderBell #65857

Perhaps it comes down to the judge quickly allowing DIP financing because he is convinced the higher position lien holders will do better, and everyone else will do better, with the mill running.
We need to concentrate our efforts on convincing him.

billyboy11

06/11/10 1:08 AM

#65860 RE: ThunderBell #65857

Thunderbell,

If it can proven that fraud was committed, then whatever judgment was awarded could be considered as non dischargeable debt. That is, it could not be discharged in BK. Hence, if Southworth, Dotson, Barlow et-all, were ever to come into cash, or even get a job, one could file for supplemental order, make them declare their assets/income in front of a judge, and commence garnishing wages, bank accounts etc. The Judgment could be renewed 3 times, and every seven years. It could follow these guys around for a long time until they either settled, paid in full, or, well....whatever. If mysteriously someone close to them came into money that was a benefit to them, one could make them prove how it was earned and make the case for unlawful conveyance. This kind of constant legal action can really wear a person down. IMO, well worth the attorneys fees if fraud was really committed. Besides, if they are truly broke, they will not have the money to fight it for long anyway. Chances are, their attorneys will pull out for lack of payment. I hope anyone that was wronged sues these guys. If fraud was committed, they deserve to be up to their eyeballs in law suits. 30 law suits would break the bank pretty fast. They could end up with all kinds of problems bigger then being broke. If fraud was involved, I hope they get this and more.

Cowdude

06/11/10 9:42 AM

#65866 RE: ThunderBell #65857

You said it much better than I did.