And according to the board and the law firm handling things (at least at Glade) there is plenty of money to refund 2026 maint. fees and still cover all ongoing expenses until the sale occurs. The biggest fees don't kick in till there is a sale (the 4% to the realty company for instance).
Had to have the last word didn't you? couldn't stay away after saying goodbye. The irony is thick. I suggest you actually read the lyrics you posted. It looks to me like you are looking in a mirror with that post. And as I know you will claim this me doing that, actually it is me responding to a direct attack. You are the exact opposite of intimidating.
People keep saying that, along with things like Chapter 11 is for restructuring, while failing to recognize the end goal is liquidation.
Do you think the law firm is working on contingency with their payment coming out of proceeds from the sale?
Liquidation is technically a form restructuring, but getting stuck on that wording misses the point. Chapter 11 is most often used for restructuring. However, using it do an orderly liquidation is an accepted and common use. Many retail changes have wound down using chapter 11. Big lots went out that way. Chapter 11 can be converted to chapter 7 liquidation sometimes, but that only happens if creditors are not getting paid. Such a conversion happens at the request of creditors.
Probably not contingency, but it is possible they have a deferred payment agreement. X amount deposit up front, balance of billing on successful closure, whatever they may be (likely sale, but who knows, strange things happen with timeshares)
