@MikeM posted:Guys. most people in his position prepare and count on the “you can’t get blood out of a turnip” strategy. I’m sure there will be a long line in bankruptcy court. They will determine if any improprieties have occurred but that doesn’t mean there is any money to be distributed to debtors. Not sure where customers are in that line compared to debtors. Best of luck to all who put down their hard earned cash. Not to mention the disappointment of not getting your car!
Not that every person with a deposit shouldn't try, but getting legal judgement is far different from collecting on the debt. If trying to get him jail time for fraud is the goal, have at it but I'd be surprised if deposit holders get more than pennies on the dollar back. Bank comes first, then secured creditors (whoever he buys bodies from, engines etc) and then you