Not known Facts About bankruptcy
Woodbridge issued promissory notes to traders promising constant returns on secured financial loans. In exchange for funds accustomed to loan to industrial assets proprietors, traders were being promised among 5 and 7% yearly fascination, far exceeding usually secured returns. These mid-solitary digit interest gains on lent dollars attracted Many traders. Learn more
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I wish to talk to my attorney, but I don't intellect if One more attorney attends the 341 meeting that can help me
I might like to be certain my attorney understands my condition and attends all of the necessary conferences
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Immediately after Woodbridge filed bankruptcy, the situation went to various state and federal courts. In Delaware’s point out bankruptcy court Great news was to generally be experienced for lenders and traders.
The case against Woodbridge has spanned courts about the federal and state levels and it has dragged on for the bit above a yr.
It is usually recommended that buyers talk to with a certified fiscal advisor just before taking up a consolidation loan.
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Once you clearly show up for your personal Listening to, you will see a large number of Others have hearings set for a similar day. You are going to sit and watch for your name to be named--typically in a place somewhere from the courthouse or federal building, but almost certainly not in the courtroom.