Wednesday, March 21, 2007

The Guaranty Fund and Bankruptcy

A colleague recently sent me the following information about the Guaranty Fund:

"A homeowner who is precluded by the Bankruptcy Court from pursuing legal action against the contractor may still be eligible for compensation from the Guaranty Fund.The homeowner can file a Request for Special Access to the Guaranty Fund. To receive this application, call the Office of Consumer Affairs at 888-283-3757. The application must be submitted to the Office of Consumer Affairs and Business Regulation within two years and six months of the contract date. Special Access to the Fund only applies if the contractor's debts have been discharged and the bankruptcy case is closed."

However, this option is no longer available. Even if the contractor files for bankruptcy, the consumer must obtain a judgment in order to collect from the Guaranty Fund. I just filed a case against a contractor and he filed for bankruptcy. As a result, I have to file a motion with the bankruptcy court in order to continue with the case against the contractor and obtain the judgment.

It is unfortunate that my client has to spend the funds to obtain the judgment, but that is currently what is required. It is still worth it for the client to obtain the $10,000.00 from the Guaranty Fund.

Please keep in mind that I am not a bankruptcy attorney, and I am not able to give advice regarding bankruptcy law.

19 Comments:

At 11:18 AM, Anonymous Anonymous said...

To be a noble human being is to have a philanthropic of openness to the mankind, an gift to guardianship undeterminable things beyond your own manage, that can take you to be shattered in hugely outermost circumstances for which you were not to blame. That says something remarkably impressive about the condition of the righteous compulsion: that it is based on a conviction in the fitful and on a willingness to be exposed; it's based on being more like a plant than like a jewel, something rather feeble, but whose very precise beauty is inseparable from that fragility.

 
At 12:04 PM, Anonymous Anonymous said...

n the whole world's life, at some occasion, our inner throw goes out. It is then break asunder into passion by an face with another magnanimous being. We should all be under obligation for those people who rekindle the inner inclination

 
At 1:12 PM, Anonymous Amparo Curtis said...

Your client must have thought things well enough to come up with a decision like that. It's good that they've taken advantage of this Guaranty fund you were talking about.

 
At 10:22 PM, Anonymous price per head said...

I really appreciate it, I visit more often for updates, keep up the great work!

 
At 4:44 PM, Anonymous pay per head said...

Very interesting post. I think this advice can be very helpful for many people.

 
At 9:10 PM, Anonymous Bobby Louis said...

0.028 CITY ACTIVATES FREEZE PLAN FOR HOMELESS 161.821 3. Crossing US Border and going internationally with Barcoding, WMS, Discrete Manufacturing, Logistics, Freight Forwarding. If you are multinational corporation and you are expanding or changing Corporate ERP platform for you Headquarters and overseas subsidiaries, please do your homework to understand such required concept as Corporate ERP localization for the targeted country or region. ERP localization might be minor concern, when your subsidiary is in small country, where local GAAP is really copying US or international GAAP. If local language support and tax compliance is a concern, please give your local Microsoft office a call to see if Microsoft Dynamics GP is localized for your country. As far as we know from Microsoft Business Solutions official press releases, Dynamics GP is localized in English speaking countries (USA, Canada, Australia, New Zealand, UK, Ireland, South Africa), plus in South East Asia and Oceania where English is the language of business, plus in Latin America in Spanish (except Brazil as Brazil is Portuguese speaking country). And finally in Arabic for Arabic peninsula, and Northern Africa. There are several Dynamics GP Add-ons, enabling Great Plains for such languages as Chinese, Japanese, Korean, Portuguese, German, Dutch, French (France, as it is already localized for Quebec Canadian province). More languages are coming including Russian, Persian, Dari (Afghanistan, Kabul), Urdu, Polish

 
At 5:17 AM, Anonymous Anonymous said...

It could be difficult to locate great information about
jewelery. There is a plethora of info presently obtainable which can confuse
you. The best tips you within this write-up.

my web blog; tag heuer link calibre s

 
At 6:23 AM, Anonymous Anonymous said...

I read this paragraph fully regarding the difference
of latest and preceding technologies, it's amazing article.

Feel free to visit my web page - tag heuer formula 1

 
At 10:14 PM, Anonymous Anonymous said...

There are many details that need to be addressed when making an auto purchase.
If you are unaware of these details, you could find yourself overpaying for the car that is not right for you.

You will find some great advice in the article that follows that will
assist you in purchasing your next car.

Here is my web blog ... cars

 
At 7:27 PM, Anonymous Anonymous said...

Writе more, thats all I have to saу.
Lіterally, it sеems aѕ though you reliеd on thе video to maκе your poіnt.
You clearlу know ωhat youre talking abοut, why wastе your intelligence on ϳust posting viԁеos to your site when уou coulԁ be
giνіng us sοmethіng іnformatіvе to
read?

Сhecκ out my wеb blog :: unlock samsung galaxy s3

 
At 9:54 PM, Anonymous Anonymous said...

Clipping torгid coupοnѕ maу well look lіκе
аn olԁ-fаshіonеd concept, but ѕaving
funds ought to in no ωaу go οut of style.
Coupons neverthеless save on evеrу thіng from groceries tο clothes.
Using tοrrid printable coupοns might
help you sаve a better price. Thе below article
cοntains some outstandіng tiρs that сan
аsѕіst you gеt the mоst out of
one's coupon use.

my web page: torrid promo code

 
At 2:12 PM, Anonymous Anonymous said...

Memory iѕ quіte impοrtant tο
your heаlth anԁ satisfied! This article will offer you with аll the dеtails
abоut the mеmorу you will need.

Nеver nеglect eѵery little thing,
find out all thаt you аre ablе tо!


my web-site: http://proceraavhreviewsx.com

 
At 6:47 PM, Anonymous Anonymous said...

Arе yοu іntereѕted in cutting уour cоsts eаch anԁ
every week? Is grοcery shopping something that yοu thinκ requiгes аn eхсeѕsіve amount οf of your
funds? Τhe write-up ωill providе уou with eveгy little thing уou need to κnow about
couponѕ for carrabbа s italian grill and how they are
able to аіԁ.

Here is my sitе - carrabba s coupon

 
At 8:28 PM, Anonymous Anonymous said...

Are you currеntly seeking tо saѵe youг
moneу on grocеries аnd housеhold items?
The prіme methoԁ to fіnԁ the
most effectivе technique foг obtаining what you need at a low cоst is to use genghіs gгіll couponѕ.

Еxactlу where arе yοu able to apρear tο locate
these excellent bd mongolіan grill couρons?

Тhiѕ artіclе іs goіng to assist геνeаl
the sесrets of gеnghis grill coupοns 2013.


Feel frеe tο visit my websitе genghis grill coupons 2 for 20

 
At 11:47 PM, Anonymous Anonymous said...

Hi it's me, I am also visiting this web site regularly, this website is in fact pleasant and the users are actually sharing fastidious thoughts.

Feel free to visit my blog online pharmacy technician certification course

 
At 1:21 AM, Blogger ninest123 said...

ninest123 16.03
gucci outlet, louis vuitton, louboutin outlet, chanel handbags, ray ban sunglasses, louis vuitton, replica watches, longchamp outlet, michael kors outlet, jordan shoes, ugg boots, tory burch outlet, oakley sunglasses, louis vuitton outlet, oakley sunglasses, polo ralph lauren outlet, michael kors outlet, burberry outlet online, nike air max, michael kors outlet, nike outlet, tiffany and co, michael kors outlet, ray ban sunglasses, ray ban sunglasses, louis vuitton, michael kors outlet, louboutin, burberry, ugg boots, louboutin shoes, polo ralph lauren outlet, tiffany jewelry, ugg boots, replica watches, longchamp outlet, oakley sunglasses, christian louboutin outlet, prada outlet, oakley sunglasses, michael kors, louis vuitton outlet, nike free, cheap oakley sunglasses, uggs on sale, longchamp, nike air max, prada handbags, ugg boots

 
At 1:23 AM, Blogger ninest123 said...

nike free, mulberry, ray ban pas cher, new balance pas cher, hogan, converse pas cher, hollister, ralph lauren pas cher, coach outlet, michael kors, lacoste pas cher, true religion jeans, sac longchamp, north face, michael kors, hermes, nike trainers, true religion jeans, nike roshe, burberry, timberland, nike roshe run, nike blazer, true religion outlet, nike air max, vanessa bruno, louboutin pas cher, hollister pas cher, nike free run uk, longchamp pas cher, replica handbags, air max, lululemon, oakley pas cher, michael kors, coach outlet, ralph lauren uk, true religion jeans, nike air max, vans pas cher, tn pas cher, north face, sac guess, air jordan pas cher, coach purses, michael kors, ray ban uk, nike air max, air force, abercrombie and fitch, nike huarache

 
At 1:27 AM, Blogger ninest123 said...

soccer jerseys, lululemon, louboutin, north face outlet, iphone 6s plus cases, chi flat iron, instyler, giuseppe zanotti, soccer shoes, abercrombie and fitch, insanity workout, s5 cases, vans shoes, timberland boots, ipad cases, nike air max, celine handbags, reebok shoes, mcm handbags, iphone 6s cases, wedding dresses, bottega veneta, nfl jerseys, iphone cases, asics running shoes, iphone 6 cases, hollister, jimmy choo shoes, baseball bats, north face outlet, beats by dre, ferragamo shoes, valentino shoes, mont blanc, hollister, nike roshe, mac cosmetics, ghd, iphone 5s cases, new balance, babyliss, nike air max, hollister, herve leger, iphone 6 plus cases, p90x workout, oakley, birkin bag, longchamp, vans, ralph lauren, converse

 
At 1:30 AM, Blogger ninest123 said...

ugg boots uk, ugg,ugg australia,ugg italia, moncler, ugg,uggs,uggs canada, moncler, moncler, louis vuitton, canada goose outlet, hollister, louis vuitton, moncler, barbour, moncler, sac louis vuitton pas cher, ugg pas cher, karen millen, louis vuitton, lancel, bottes ugg, canada goose, canada goose uk, gucci, replica watches, juicy couture outlet, wedding dresses, coach outlet, montre pas cher, pandora charms, louis vuitton, converse outlet, moncler, links of london, barbour jackets, thomas sabo, toms shoes, canada goose, pandora jewelry, swarovski, pandora charms, marc jacobs, canada goose, moncler outlet, supra shoes, juicy couture outlet, doudoune canada goose, moncler, swarovski crystal, canada goose outlet, canada goose, ray ban, pandora jewelry
ninest123 16.03

 

Post a Comment

<< Home