Current mood: Angry
Currently listening to: Chrono Trigger Ruined World (Eternal Derelict) OC Remix on Radio STARKEITH
You all remember the Riverside Mitsubishi scandal, right?
The other day I got a letter from the Trustee of the Estate, notifying us (the creditors) of his intent to abandon certain assets of the Estate; specifically some cars that the dealership owned. He claims that the vehicles are “encumbered by liens” and that no value would be seen by the Estate from their sale.
Needless to say, I objected.
I’ve filed a motion with the court to deny the Trustee’s abandonment request until such time as he furnishes the makes, models, vin numbers, expected auction profits, and lien details on each and every vehicle in the Estate.
With this, I have started in motion a process which could end up with me going to court to defend my views. My ultimate goal here, of course, is to make sure that the assets being abandoned are truly of no value to the Estate. And by the wording in the letter I received, and the scanty information, I believe that the Trustee may be trying to “gloss over” the vehicles and just say they are all encumbered, and then abandon them all. This would result in less money left for the Estate – which ultimately means less money for me, as a Creditor of the Estate.
Of course it’s entirely possible that even if all the cars were sold, I would still not see a penny from all this, but hey – you never know until you try, right?
