Posted On: 07/31/2014 11:00:52 PM
Post# of 16816
Re: birdys3333 #15083
RIGH is going to bankruptcy unless there's some novel legal precedent that Mr. Stanz believes applies only to him.
I have an Asset Purchase Agreement -- its called a mortgage. The bank owns my property until I pay the loan in full according to the terms of the contract the bank and I have. In the interim, while I continue to pay, I get to use their asset and consider it mine.
I believe we all know what happens if someone defaults on their mortgage. It's never the debtor who wins.
RIGH is a dead company, and the creditor is going to make a good deal of money from it.
I have an Asset Purchase Agreement -- its called a mortgage. The bank owns my property until I pay the loan in full according to the terms of the contract the bank and I have. In the interim, while I continue to pay, I get to use their asset and consider it mine.
I believe we all know what happens if someone defaults on their mortgage. It's never the debtor who wins.
RIGH is a dead company, and the creditor is going to make a good deal of money from it.
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