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Old 10-16-2009, 08:22 AM
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Default The Reporter Article - Lower Salford suing THP bond companies

Another new tactic after nearly 6 long, ridiculous months.

Township suing THP bond companies - The ReporterNews: Serving North Penn, Indian Valley and neighboring communities
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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.
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Old 10-16-2009, 08:57 AM
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All of these claims, and suits have to, ultimately, make their way to the main bankruptcy court. At what point is the weight too much? How much longer can anyone let this go on with new suits and claims coming out everyday? I've lost track how far into the millions this all goes, now.
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Old 10-16-2009, 09:00 AM
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Quote:
Originally Posted by MontCo77 View Post
All of these claims, and suits have to, ultimately, make their way to the main bankruptcy court. At what point is the weight too much? How much longer can anyone let this go on with new suits and claims coming out everyday? I've lost track how far into the millions this all goes, now.
150 million in debt sticks out in my mind, but, that could be off by a 150 million.

But, for some reason, one of the balance sheets I believe had 150 million due out.
__________________
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.
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Old 10-17-2009, 09:35 AM
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Default Interesting on point cross post

Given this article, its very worth linking in this to the conversation :

http://www.wheresbuilder.com/forum/7251-post8.html
__________________
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
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