Status of Everything Attachments

   / Status of Everything Attachments #1,582  
:ROFLMAO: :ROFLMAO: That’s frickin hilarious
If he would have just let it go a day or two you would have seen the EA fans that you haven't seen since the beginning of this thread shouting that they knew it was all rumors and speculation, you don't need a coconut to fall on your head to know that you are standing under a coconut tree.:rolleyes:
 
   / Status of Everything Attachments #1,583  
If he would have just let it go a day or two you would have seen the EA fans that you haven't seen since the beginning of this thread shouting that they knew it was all rumors and speculation, you don't need a coconut to fall on your head to know that you are standing under a coconut tree.:rolleyes:
I came sooooo close to doing that . I actually did order a hat though!
 
   / Status of Everything Attachments #1,584  
If he would have just let it go a day or two you would have seen the EA fans that you haven't seen since the beginning of this thread shouting that they knew it was all rumors and speculation, you don't need a coconut to fall on your head to know that you are standing under a coconut tree.:rolleyes:
They probably woulda crashed the TBN and EA servers :ROFLMAO:
 
   / Status of Everything Attachments #1,590  
It sounds like he may be staying at the gray bar hotel for a while... :unsure:
 
   / Status of Everything Attachments #1,592  
Until the Gendarmes show up and make his life change...Hopefully
 
   / Status of Everything Attachments #1,595  
More likely an island resort sipping rum and coke or a margarita.
Yeah, looks like the poor guy had to put his $5.5M lakefront property on the market a couple of years ago. That will buy a lot of liquor. I wonder if he still has his 50-foot Marquis sports yacht.
 
   / Status of Everything Attachments #1,597  
Yeah, looks like the poor guy had to put his $5.5M lakefront property on the market a couple of years ago. That will buy a lot of liquor. I wonder if he still has his 50-foot Marquis sports yacht.
I've never taken bankruptcy so I don't know much about it but I thought a home was excluded from seizure under bankruptcy. Maybe he was trying to do the right thing and sell it to pay creditors. IDK
 
   / Status of Everything Attachments #1,598  
He had more than one home. That lakefront glass menagerie is a white elephant. It's one person's specific dream but unappealing to most which is why it's been on the market so long priced way under cost and it wasn't owned by Elvis.
 
   / Status of Everything Attachments #1,599  
Yeah, looks like the poor guy had to put his $5.5M lakefront property on the market a couple of years ago. That will buy a lot of liquor. I wonder if he still has his 50-foot Marquis sports yacht.

I haven't read the whole thread, But what i have gathered is that EA was heavily in debt and has closed. That's unfortunate, I believe they made quality products that many here have benefited from. I also feel for the employees of EA who are now out of a job.
 
   / Status of Everything Attachments #1,600  
I've never taken bankruptcy so I don't know much about it but I thought a home was excluded from seizure under bankruptcy. Maybe he was trying to do the right thing and sell it to pay creditors. IDK
In a Ch7 bankruptcy you are mainly looking to rid yourself of unsecured loans (medical bills, credit cards, etc..) in an effort to keep your secured loans (home, car, etc..) so as long as you still have enough to pay for those, you can usually keep them through the discharge. However, in some (most?) states, if you have enough money to pay the mortgage AND enough equity in the home, they can actually change your bankruptcy to a Ch13, force you to remortgage (or even sell a 2nd home), and then use that money, usually along with a repayment plan, to at least partially repay your debts. These repayment plans are usually for 5yr.

Obviously if you dont have enough to keep paying the mortgage, then the bank will either take back the home or force a sale.

Some states make couple file together, some allow one person to file by themselves. In those states, it can get real tricky.
 
 

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