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

[administrator]

The Summary of Schedules hit the docket late Friday.

... From what I understand, many, many of the deposits that were to be in escrow are in operating funds.

And the priority claim associated with each deposit CAN BE insignificant compared to the deposit amounts.

I'm certain the committee section will be updated as time permits and people will be weighing in I'm sure.

[administrator]

I think the "insignificant amount" is likely aligned with the priority claim amounts. And it can be insignificant if you put down a substantial deposit.

In other words, a single person is entitled to something like 2425 and a married couple combined are allowed for a 4850 claim (2x single).

... This is only from what I am remembering from a much, much earlier thread and information posted within.

(And if your deposit was aligned with the entitled amount... well, that is likely some positive information for those in that situation that want out at this stage... but then the AOS is still an open issue.)

Whatever anyones take away from all this is - Support Everyone - that supports what you want for your family... in, out, whatever.

[administrator]

http://www.wheresbuilder.com/forum/4690-post15.html

[B_robert]

Deposits are assigned a priority claim in the amount of $2425 per person, $4850 per couple, the rest of the deposit would be held as a general unsecured claim. Meaning, essentially, that they get paid back last.

Of course, since the deposits SHOULD have been escrowed, there may be an argument that the deposits shouldn't even be part of the bankruptcy....this may prove to be very important for some people.

[administrator]

Has anyone found that their deposits were NOT in the operating accounts?

http://www.wheresbuilder.com/forum/a...schedules2.pdf

That looks to be the filing of the primary THP holding company that most deposits were made out to.

[administrator]

It will be interesting to see if anyone CAN'T find their deposit in the schedules.

I don't think you'll be the first to have found it in the operating funds.

[B_robert]

I already run across someone who's name is not listed in the schedules.....the question is, whether that's because that person's deposit is legitimately in escrow, or whether the schedules are very light (i.e., incomplete).

[aParker]

Does anyone who make their check out to Hendricks Abstract see their name in the schedule for TH Properties, Inc?
Has anyone else (other than Flux) received a letter from Creditor's Committee counsel addressing the return of truely escrowed deposits?

[B_robert]

Originally Posted by aParker

Does anyone who make their check out to Hendricks Abstract see their name in the schedule for TH Properties, Inc?
Has anyone else (other than Flux) received a letter from Creditor's Committee counsel addressing the return of truely escrowed deposits?

Good questions all around. I get the feeling that if you made out your check to Hendricks Abstract, you WON'T see your name in the filing. This is likely on purpose becuase, as I said, either they legitimately escrowed your funds OR if not, they won't list it here because it would be a blatant admission that they improperly mixed those funds.....

As for the return of truly escrowed deposits, I haven't head of anyone else, but I'd be interested in seeing the answer to the question.

[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.