Woodbridge pitched the idea that we have a Note (evidence of debt) and an assignment of the first mortgage against a specific piece of real estate to secure the Note, thus a secured Note. Ordinarily, this would entitle the note holder to foreclose on the note and take some ownership of the real estate if … Continue reading FAQ #7: Will I be entitled to recover my collateral?
Good News on the Chapter 11 rehabilitation plan
Great news (I feel), on Monday I learned the Delaware bankruptcy court approved or adopted the rehabilitation plan presented to all of us based on positive ballots received. I feel this is great news as this plan was agreed to by all the internal groups or parties - thus no internal litigation between Unit, Noteholders, … Continue reading Good News on the Chapter 11 rehabilitation plan
The Journey Begins
My name is Greg W. Anderson. I live in Fort Collins Colorado - four kids and a lovely wife Paula. Through my business Balanced Financial Inc I help ease the struggle of moving from working and accumulating nest eggs into retirement and the distribution phase of life. Part of what we do is try to … Continue reading The Journey Begins
