Quote:
Originally Posted by Voice-of-Reason
I know this is a touchy subject. I do have a vested interest in the outcome of this case. I like everyone else filed a Proof of Claim.
I just don't think THP will be able to negotiate their way out of the mess they are in. It has been 6 months since filing. The have no exit plan. If they were to file for Chapter 7, then this mess would be over and everyone involved can cut their losses and move on.
I know the admin and others have liens on their properties and unfinished work to be done. We all have promises THP did not fulfill. It sucks. But I am looking for CLOSURE and we are not getting their as long as THP continues to stall for more time.
That's just my opinion, I could be wrong.
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Thanks for thinking of me
No perspective necessary. Much like some of THP's lenders, I want off this ride as well.
Yes, I do say TH(P), finish what you started. And I say, I'll take TH(P) to finish my home and the surroundings right now.
But, I'll take someone else as well. I have a family, a job, and other day to day goings on. It's been six months. Even the most die hard of moving-it-forward people such as myself get a little worn down.
And, to date, I have not seen any indication that having TH(P) at the helm of things will speed up my lien recovery. Or my incomplete home. Or anything. I'm still waiting to be proven wrong on that...
So... I'm with you. I want closure. I want my stuff taken care of, but I also want closure.
An interesting realted aside. It's considered a rarity for builders to reemerge from bankruptcy. Just poke around the web. They may finish out a homes left, as TH(P) is doing, but it is unsual for them to come back in full form.
One common theme that those that do seem to have... Is the principals of the companies believe so strongly in their failed business that they both INJECT MONEY into them from personal assests AND take care of their customers. I was reading a piece on I believe it was Kent builders in the midwest (?) that had VPs and CEOs cutting down people's unsightly issues.
Little gestures like that I am certain go a long way. And, injecting the business with money from personal gains demonstrate a real desire to get things going as quickly as possible.
That does not appear to be the case here as filing after filing discusses how great things WERE, but, quickly turns to how bleak things have become and how desparate things are.
As for the liabilities - it's a lot. I don't have the numbers off hand, but they are in all of the schedules. It's probably not worth looking at right now.. It is going to DRASTICALLY change once all of the claims that have hit are accounted for.
Even if TH(P) is able to "leave its debt behind" (and, also, it's customers).... I just don't see how they can do it either.