You don't reaffirm a lien, it's just there. It's not a loan. Once the bankruptcy is over it's still there, Midfirst Bank asks the court to order the sale of his WA condo, and the court is obligate to oblige.
I hadn't really through through how liens work so I borrowed the same language from the mortgage to indicate perhaps a lien holder willing to allow regular payments. Thinking about it now, thats obviously not how it works. The whole point of a lien is to get payment in full and forced sale is one of the ways that can happen. Shit like that happens with unpaid HOA fines and the like.
They would allow payments to satisfy the lien/judgement if his home was safe from forced sale. Phil is sitting on quite a bit of equity though. So they order him to sell, his mortgage gets paid, the secured judgment lien gets satisfied, and everyone else gets in line. Phil can’t be trusted to pay installments, so Midfirst wants cash now!
Coronavirus will alter life radically, no doubt. If we get to the point you describe, it’s not a stretch to imagine the nationalization of many industries and some form of required public service. I don’t think Phil will be allowed to sit at home in his gout palace and play video games all day in that future. He’ll probably be put to work in the ventilator factory or as a nurse aide in the tent city hospital on the outskirts of Seattle.
Honestly I prefer the current trend of faceless detractors like Snort Burnell that allow me to pretend the detractors are slightly less autisitc than the pigroach himself. Makes it a lot easier to sleep at night. Also why I can't watch Tevin's restreams honestly.
Just to give a shit. Then another $5k to actually do any work.
If the judge signs the proposed order they'll be able to. I don't know if the judge would issue an alternative order that would limit the type of collection efforts or not, but I doubt it.
Keep in mind this debt is already there. The foreclosure will just pay some of it off and convert the rest from unsecured to secured debt.
I had this exact same thought. You know how they're currently rattling on about America's small businesses being most affected? Well obviously video taping yourself suck at video games counts as a small business, obviously employs dozens of hardworking Americans, and obviously needs a cash injection.
Pigroach luck is in full effect.
Sure, you literally just say to Twitch on the 10th or so of the month "Hey any money you're holding for Phil Burnell, SSN XXX-XXX-XXXX, redirect to us as part of this court ordered judgement." Same thing for YouTube on like the 15th or so.
