Quote:
Originally Posted by crashtc
That's what I thought too.
He was going to check w/ his contact in the Bankruptcy court & get back to me...I'll let you know.
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Homebuyer deposits are considered "priority unsecured claims," which means on the list they fall somewhere in between secured claims and general unsecured claims.
In reality, it means rather than getting 10 pennies on the dollar, you might get 15........