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Well_mudda_take_sic 9 years ago on $7m sale impasse holds up Gulf Union closure
$7m sale impasse holds up Gulf Union closure
Certain prominent lawyers will tell you that Mr. Garner has made quite a livelihood for himself over the years by dragging out bank liquidations for as long as possible. The poor creditors of course get royally screwed because, as we all know, a dollar today is not worth anywhere near what it was worth decades ago. The dragging out process is made all the more egregious if the liquidators received court approval for their fees to be increased (inflation adjusted) as a result of it.
watcher 9 years ago on $7m sale impasse holds up Gulf Union closure
$7m sale impasse holds up Gulf Union closure
If this matter is settled, and the asset sold, then where will the liquidators get their fees from? It's been decades since Gulf Union was first put into liquidation and they don't want to get off the gravy train.