Quote:
Originally Posted by Resolute 14
IANAL, but bankruptcy trustees are generally interested in only one thing: getting as much money now as they can to pay off as much of the outstanding debt as possible. They aren't in the business of managing a business, which is what maintaining outstanding financing plans would entail. From the trustees POV, getting 50% of the RV's value today at an auction is better than getting 100% of its value over the next 5-7 years.
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On the other hand, a bunch of performing loans is probably a more easily saleable asset than a bunch of trailers, especially in the current economy. It shouldn't be hard to find one buyer for the batch of loans at a smaller discount than trying to liquidate all the trailers.