New filing in court... Summary of Schedules - THP - T.H. Properties

[B_robert]

Originally Posted by crashtc

my deposit was made to Hendrick's Abstract, and we are not on the list.

As to the letter. I received a letter from THP's council about a month ago stating that the court had to release our money.

As to the first item....that makes sense, again, because HA is NOT in bankruptcy....

as to a court release of the money, I don't believe that's entirely accurate...they could choose to give you back your money without any bureaucratic red tape at all since it's outside of the bankruptcy.

[crashtc]

Originally Posted by B_robert

As to the first item....that makes sense, again, because HA is NOT in bankruptcy....

as to a court release of the money, I don't believe that's entirely accurate...they could choose to give you back your money without any bureaucratic red tape at all since it's outside of the bankruptcy.

I believe that they can release me, but I also believe that when it comes to the money, the courts would decide...but I see your point..HA is NOT in ANY of the filings.

[B_robert]

No, they CAN release you from the agreement.....since the money is held by Hendricks Abstract, a third party escrow, nothing has to be done with the court. It merely comes down to a matter of THP releasing you from the agreement of sale. The court has no position whatsoever in any of that. The problem, if I remember it correctly, is that THP had not agreed to let you out of the agreement.

[aParker]

Maybe its a matter of THP being concerned with how the creditors will react to THP releasing a homebuyer from their contract with their money in true escrow. Any insight from the creditor's committee, B_robert?

[B_robert]

Originally Posted by aParker

Maybe its a matter of THP being concerned with how the creditors will react to THP releasing a homebuyer from their contract with their money in true escrow. Any insight from the creditor's committee, B_robert?

none here on that issue specifically. But conceptually hat's something they have to grapple with and clearly could be part of their "strategy." As, I've said before, the Agreements represent value to THP and creditors...therefore, prematurely releasing customers could impact future plans...

that's not to say, however, that they can't, because they clearly can.

[crashtc]

My letter is in my office, but if I remember correctly the letter specifically stated tht the courts had to release them & they (THP) did not have the power. Now....if that is not the case....That is (to little old me a non lawyer) fraud....of course I say this without re-reading the letter...which I will do tomorrow at work.

[Flux]

All I have to say is..THP's Bankruptcy lawyer tried to send me on a wild goose chase.

B_Robert has it right.

[crashtc]

Originally Posted by Flux

All I have to say is..THP Bankruptcy lawyer tried to send me on a wild goose chase.

B_Robert has it right.

I agree...it just freakin' sucks though

[1750Hazelnut]

Does anyone know the info for the fowley lawyer. I would like to contact him for representation.

[victim]

Originally Posted by 1750Hazelnut

Does anyone know the info for the fowley lawyer. I would like to contact him for representation.

Here you go my man... let us know how you make out!!!

David L. Marshall of Eastburn & Gray P.C
775 Penllyn Blue Bell Pike
Blue Bell, PA 19422
(215) 345-7000
Law Firm Doylestown Bucks & Blue Bell Montgomery County, PA

Best of Luck