09/14 Court Date - Discussion and Speculation

  • Want to keep track of this thread?
    Accounts can bookmark posts, watch threads for updates, and jump back to where you stopped reading.
    Create account
Status
Not open for further replies.
talk talk talk said:
That's pretty big for a Cap One balance. They usually don't let the deadbeats they give cards to go over about $5k.
Click to expand...
Barb has a card, Chris has a card or two. So you know they used all the cards they had.

But holy shit. 11k in debt just from credit cards. Who knew sex dolls, Pokemon cards, amiibos, and Legos would add up?? *yawn*
 
talk talk talk said:
Up to $5,000.00 worth of household crap is exempt from process. Va. Code. § 34-4. There are a couple other specific and strange exemptions in Section 34 (like the family Bible) that might protect more crap. I have only seen a creditor go after household stuff once and that was under some very strange circumstances.

I haven't checked Virginia specifically, but I would not be surprised if any judgment would be a lien on the real property, but execution (foreclosure and sale) is somehow barred. It's something that would have to cleared up if the property was ever sold and would prevent a refinancing without being paid off. Even if execution is not barred, foreclosure is a real pain if you are not the mortgage holder.

Generally creditors like to garnish bank accounts. Fast and easy.
Click to expand...

You can't garnish a bank account that exists just to get public benefits that are by definition exempt from seizure.

You can do it "accidentally" (less ethical debt collectors do this) but I think even Barb is smart enough to make sure these accounts are locked up from that kind of garnishment.

And the mere process of going through a gigantic pile of tons and tons of garbage to find the few objects that are neither exempt nor worthless would cost so much that it wouldn't be worth it. Do you think the sheriff does this for free? Do you think the kind of professionals you'd need to do this don't command a steep hourly fee?

Doing a bag and tag on the Chandler estate would be an exercise in futility. That's why they won't do that. You can tell in advance it would be pointless.

That's the kind of thing you'd only do to the Chandlers if you personally hated them enough that you'd be okay losing money just to fuck them in the ass.
 
Nobody said:
I don't think those debt collectors are ever going to get their money back.

The Chandlers are a veritable financial black hole.
Click to expand...

They already got it back multiple times. The Chandlers are idiots and they have probably paid minimum payments at exorbitant interest rates at least since Bob died. These companies have made huge profits on them already, and now they're suing them to try to suck some more blood out of the turnip.

The Chandlers are shit, but these shitty credit companies are even worse.

They've already turned their profit and now they want even more.
 
An Ghost said:
It'll go to a collections agency and she'll make minimum payments till she dies.
Click to expand...

Because we have in-house lawyers it's not very often it goes to a collections agency.

Also because we have in-house lawyers, you can bet it's not good for the Chandlers.

I highly doubt the Chandlers are gonna have much left after this. Even if C1 dosen't manage to somehow get the house, they are gonna wring enough money from them so that they can't pay mortgage
 
Collections Agent said:
Because we have in-house lawyers it's not very often it goes to a collections agency.

Also because we have in-house lawyers, you can bet it's not good for the Chandlers.

I highly doubt the Chandlers are gonna have much left after this. Even if C1 dosen't manage to somehow get the house, they are gonna wring enough money from them so that they can't pay mortgage
Click to expand...

Is there a possibility there is enough equity in the house they can take out a loan to pay Capital One? Or would noone give it to them?

If it is possible, it seems like Barb would want to go that route. It is an example of kicking the can down the road, but that is her entire financial strategy.

LoveYouLongTime said:
No surprise there. Most people don't show up because they think if they ignore it it'll go away. I feel partially sorry for Chris only because I'm sure Barb doesn't care. She's going to die soon(ish) and this won't be her burden anymore. But it's going to be Chris' if a lien is put against the house and I'm sure there are more. Both his parents did a pretty shitty job raising Chris, but at least Bob tried providing a life for him after he passes by having the house paid off and keeping Chris away from more credit cards. There was a point in time that Bob paid off Chris' credit cards(he made Chris fork over a portion of his tugboat monthly) and closed them. Chris even swore to me he would never get another credit card. But after Bob's death he was back at it. Barb just doesn't care and is completely lax about what's going to happen to her autistic son who has no structure in his life.

P.S. The Chandler's have 10 days from judgment to appeal. Chances of that happening...
Click to expand...

What could Barb use as grounds for appeal? She can't have any legally cogent arguments about why she doesn't owe the money.

Or is this the time to claim all the exemptions she can to avoid losing lots of her shit?
 
timtommy said:
Is there a possibility there is enough equity in the house they can take out a loan to pay Capital One? Or would noone give it to them?

If it is possible, it seems like Barb would want to go that route. It is an example of kicking the can down the road, but that is her entire financial strategy.
Click to expand...


I HIGHLY doubt that anyone would give them a loan at this point. If they do manage to get a loan, it's going to be the most predatory loan of all time.

I think the Chandlers have the world's first double digit credit score
 
Barb owes $15,906.99? No biggie at all - Chris just has to sell three old Disney VHS tapes for $ 5.000 each and maybe two Pokemon cards for $ 500 per piece.
Problem solved.
 
timtommy said:
Is there a possibility there is enough equity in the house they can take out a loan to pay Capital One? Or would noone give it to them?

If it is possible, it seems like Barb would want to go that route. It is an example of kicking the can down the road, but that is her entire financial strategy.



What could Barb use as grounds for appeal? She can't have any legally cogent arguments about why she doesn't owe the money.

Or is this the time to claim all the exemptions she can to avoid losing lots of her shit?
Click to expand...

There really isn't any argument but she could potentially just prolong it. 10 days is when the creditor can move forward to the next step. Their warrant was served via posting on their door and they're the type of people who would go, "I didn't get it."
 
I'm not an expert in debt, but as I understand it, credit card loans are unsecured, which means they can't take your house or means of living away from you. But once Barb dies, I believe all bets are off and the bank gets in line with the rest of the creditors to scoop up whatever's left. There is another credit card suing Barb isn't there? It's got to be maxed out as well, and I bet Chris will be defaulting on his cards soon. The house is heavily mortgaged according to Zillow... so that means OPL is going to be going to be heir to zilch. It's going to be off to the county home for the retarded for him I'm afraid.

One more thought... Capital One loves to send out those checks to consolidate all your credit cards into a single "no interest for a year" account. I can see Barb kiting a pocketbook full of plastic onto Capital One all at once when Bob died and clearing out all her balances. By now, all those accounts are probably full again. This may just be the beginning of the financial storm. One thing is for sure, they won't be offered credit again in their lifetimes.
 
Slowinthemind said:
Is Chris's PS4 even worth much nowadays? The controllers will be encrusted with filth and the console is no doubt defaced with stickers and custom "art" like all the other shit he has owned, the intakes are no doubt filled with dust too.
Click to expand...
Well, just like his Pokemon cards on eBay, the PS4's value has skyrocketed due to the mere fact that Chris owned it.
 
talk talk talk said:
That's pretty big for a Cap One balance. They usually don't let the deadbeats they give cards to go over about $5k.
Click to expand...

But they do wait around until the balance gets over their usurious rates so that it hits the limit it makes it worth it for them to file lolsuits against broke people, dead people, whatever.
 
Well, shit! That's another one to add to the total!

In a manner of a couple weeks, we've learned that the Chandlers are roughly $131,000 deeper into debt. That's just the mortgage + Capital One.

Let's see what we got in terms of credit card debt (for this year, at least):
  • March 1st - Chris buys a PS4 with a credit card: $540.00
  • March 16th - Discover Bank court ruling: $4,706.93
  • August 31st - Mortgage Reveal: $115,000
  • Sept 14th - Capital One court ruling: $15,906.99
Tentative Grand Total: $136,153.92

There's obviously mountains more in unpaid bills (electric, cable, etc), needs (dental, medical), possibly more credit card lawsuits on the way, and Chris' negative household contributions (legos, transformers, sex toys). I only added the PS4 debt because it was confirmed to be a credit card purchase, and I assume Chris has paid little to none of that back.

Is anyone keeping an accurate tally? The "Financhu Crisis" is some juicy stuff.
 
I went to high school in Missouri. In that state, you have to pass a personal finance class and/or test in order to graduate high school. We had to learn about all this sort of stuff. In fact, the reason it became required in Missouri was because people had no understanding of this sort of thing. Did Chris's high school not offer a class like this?
 
It is quite a miracle that Chris, somehow, someway, manages to even stay afloat somewhat.
Also, I suspect that the amount of e-begging will sharply increase now that the weens know of this debt.

That brings out a question though: Why does Chris not e-beg as much as he did before, and is there something he can do to improve the situation? (except for getting a job, of course)
 
Barb is what we in the business call "crazy". Crazy, much like Autism has no logic, only nonsensical ramblings. $15.6k is nothing. Take out another loan. The debt just melts away. Court fees? Take out a loan. McDonald's? Mortgage the house, duh.
 
Status
Not open for further replies.
Back
Top Bottom