Thread: Vist Bank DIP (Debtor In Possession) Financing - Kingston Hill Phase 4
View Single Post
  #19 (permalink)  
Old 09-18-2009, 08:55 AM
administrator's Avatar
administrator administrator is offline
WheresBuilder.com Admin
Points: 24,649, Level: 1 Points: 24,649, Level: 1 Points: 24,649, Level: 1
Activity: 99% Activity: 99% Activity: 99%
 
Join Date: Apr 2009
Location: Biltmore
Posts: 2,124
Thanks: 256
Thanked 288 Times in 181 Posts
Default
Quote:
Originally Posted by cemsinpa View Post
ok i know i don't understand all that is said in the paper work but why just this development and why only ph 4 ph3 isn't done either hummm......
the reason i say this is i was told before they closed, by someone that thp promised houses to contractors as payment do you think they want these lots to build or sell to build??? because they were suppose to be there's?
Good question.

Here's the outcome as per the docket :

REVISED ORDER TO BE SUBMITTED. Hearing scheduled 10/7/2009 at 01:00 PM at nix4
__________________
TH Properties apparently has "left its debt behind" while STILL in bankruptcy Chapter 11?

See :
http://www.wheresbuilder.com/THP-Marketing-Flyer-Davidson-New-Homes.pdf

I am "Unfairly Burdened" with liens due to THP's inabilities to pay their bills :

~2k - B&F Insulation - A Masco Company
~11k - ServiceMark - A UGI HVAC D/B/A

I'm still waiting, THP :

http://abclocal.go.com/wpvi/story?se...rts&id=6845195

"We are working diligently with vendors and lenders to develop a restructuring plan that includes an agreement by the mechanics lien holders to release liens against completed homes. Our discussions have been encouraging, and we intend to see that all legal action is taken to ensure that no homeowner is unfairly burdened by these liens. We continue to specifically address this issue in our discussions. Our goal is to reach the best possible outcome for all parties as soon as possible."

Note : I am not a lawyer. Any information received from a post is just that - information. It is not legal advice.
Reply With Quote