Nissan 370Z Forum  

Reflections on GTM over the years

Originally Posted by Alstann From what I understand in California, a bankruptcy filing discharges debts that are previously owed, unless the debt in question was fraudlent (which I believe this

Go Back   Nissan 370Z Forum > Nissan 370Z Tech Area > Engine & Drivetrain > Forced Induction


Like Tree802Likes

 
 
LinkBack Thread Tools Display Modes
Prev Previous Post   Next Post Next
Old 09-23-2014, 01:30 PM   #11 (permalink)
Track Member
 
MMC Racing's Avatar
 
Join Date: Jun 2009
Location: San Diego
Posts: 661
Drives: 2015 GT-R
Rep Power: 17
MMC Racing has a spectacular aura aboutMMC Racing has a spectacular aura aboutMMC Racing has a spectacular aura about
Default

Quote:
Originally Posted by Alstann View Post
From what I understand in California, a bankruptcy filing discharges debts that are previously owed, unless the debt in question was fraudlent (which I believe this is the case), and was obtained with a false pretense.

From the US Code - Section 523 - Exemptions to Discharge (in terms of bankruptcy):

(a) A discharge under section 727, 1141, 1228(a), 1228(b), or 1328(b) of this title does not discharge an individual debtor from any debt.....(2) for money, property, services, or an extension, renewal, or refinancing of credit, to the extent obtained by - (A) false pretenses, a false representation, or actual fraud, other than a statement respecting the debtor's or an insider's financial condition.

I'm going to be speaking to a friend of mine who is an attorney to get more information, but I believe I have a case. Also, I am unsure of how that bankruptcy filing worked out - they filed under a different name.
Getting the first judgment will be the easy part. Collecting on that judgment is going to be hard and expensive with very little chance of success. Every additional dollar you put into trying to get your money back will just be more money down the drain.

The only creditors that will get any satisfaction out of this is they ones that leased him equipment. They will get their equipment back. They still will need to eat the lost lease payments, transportation, and reconditioning.
__________________
2014 F150 Raptor, 2014 Mazda 3, 2015 Nissan GT-R
MMC Racing is offline  
 

Bookmarks


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
Reflections on the windshield grrr... winnre Exterior & Interior 20 01-05-2014 02:53 AM
1st car in 7 years acidwarped New Nismo 370Z Owner 12 11-14-2013 09:42 PM
3 Years Later...... FLA-SVT New Forum Member 8 06-05-2012 11:46 PM
Netflix: An Explanation and Some Reflections theDreamer The Lounge (Off Topic) 36 10-11-2011 02:10 PM


All times are GMT -5. The time now is 04:59 AM.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2025, Jelsoft Enterprises Ltd.
Search Engine Optimization by vBSEO 3.6.0 PL2