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TopicDSPGaming General XIII: Morally Bankrupt Edition (Also, Actually Bankrupt)
Nazanir
04/09/20 2:46:44 AM
#313:


MC_BatCommander posted...
I'm confused, why is foreclosure on the CT kahndo a big deal? I thought that was what he wanted.
To put it simple.

The.CT condo was part of the bankruptcy filing. Had it gone through, Phil's debt would have been wiped away, and Citibank would be left with nothing.

Unless Phil shows up at the 10th, Citibank can foreclose. They can sell the condo (and it will sell for less than Phil paid, everywhere you look, you'll see that Phil paid at least double what it is worth). When they do so, they can pursue legal action for the difference. They can sue Phil and force him into a payment plan, or worse.

This whole bankruptcy filing might be Phil's undoing.

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XboX GT/Steam/Wii-U - Nazanir
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