Definition of "wheeling and dealing": complicated and sometimes dishonest agreements in business or politics that people try to achieve in order to make profits or get advantages.
I have to chuckle as I read this definition because this is exactly what is involved in the bankruptcy courts and bankruptcy law.
Anyone who has read my recent posts knows the situation with my "asset" case. I was advised today by my attorney that I have three options.
1) I can have my trustee list my home for six to eight months to see if it sells. My husband and I don't even want to take this route for many reasons. We don't want a sign in the front yard and have to explain ourselves. We don't want our lives sitting idle for this time frame (many improvements are needed on the house which if we don't start them soon, bigger problems with arise). Yes, I know, probably the smartest option for us but we don't want to go this route if we don't have to. If we eventually do, then so be it.
2) I can pay my attorney more money and have him fight with the trustee over his CMA and my CMA. If this happens, he believes in the end a judge will list the house anyway since both sides are disagreeing. Yes, we are talking CMA's here, not professional appraisals. And no, he does not believe a professional appraisal will help because, as I said, the house will be listed in the end. This is money wasted.
3). I can offer the trustee some money to make him go away. Really, to make him go away?? So in other words, he is working the system to fill his pockets. I feel like I should be purchasing a car or a house, not trying to get a fresh start.
So I sat today, pissed off and lots of energy to burn and I read a lot of bankruptcy law. Let me just say that this is the biggest racket there is when it comes to conflicts of interest. The trustee is appointed to handle a case. Then he can appoint himself as attorney and have his firm bill outrageous fees for their legal work. Then, he can simply hire a real estate company of his choice to do a CMA on my home WITHOUT ever viewing it. This agent is obviously one that works with this attorney all the time and when the attorney deals with this real estate company, he can bill his own attorney's fees by just talking to them, wherein he is making more money.
Bankruptcy law indicates that the trustee must be a "disinterested party" to the case but there are a ton of "buts" to that rule. I am baffled that this is allowed and we are at the mercy of a trustee. Yes, in the end a judge decides but this decision is based off of many conflicts of interest.
When I win my millions in the Lottery, I will challenge these laws
I have to chuckle as I read this definition because this is exactly what is involved in the bankruptcy courts and bankruptcy law.
Anyone who has read my recent posts knows the situation with my "asset" case. I was advised today by my attorney that I have three options.
1) I can have my trustee list my home for six to eight months to see if it sells. My husband and I don't even want to take this route for many reasons. We don't want a sign in the front yard and have to explain ourselves. We don't want our lives sitting idle for this time frame (many improvements are needed on the house which if we don't start them soon, bigger problems with arise). Yes, I know, probably the smartest option for us but we don't want to go this route if we don't have to. If we eventually do, then so be it.
2) I can pay my attorney more money and have him fight with the trustee over his CMA and my CMA. If this happens, he believes in the end a judge will list the house anyway since both sides are disagreeing. Yes, we are talking CMA's here, not professional appraisals. And no, he does not believe a professional appraisal will help because, as I said, the house will be listed in the end. This is money wasted.
3). I can offer the trustee some money to make him go away. Really, to make him go away?? So in other words, he is working the system to fill his pockets. I feel like I should be purchasing a car or a house, not trying to get a fresh start.
So I sat today, pissed off and lots of energy to burn and I read a lot of bankruptcy law. Let me just say that this is the biggest racket there is when it comes to conflicts of interest. The trustee is appointed to handle a case. Then he can appoint himself as attorney and have his firm bill outrageous fees for their legal work. Then, he can simply hire a real estate company of his choice to do a CMA on my home WITHOUT ever viewing it. This agent is obviously one that works with this attorney all the time and when the attorney deals with this real estate company, he can bill his own attorney's fees by just talking to them, wherein he is making more money.
Bankruptcy law indicates that the trustee must be a "disinterested party" to the case but there are a ton of "buts" to that rule. I am baffled that this is allowed and we are at the mercy of a trustee. Yes, in the end a judge decides but this decision is based off of many conflicts of interest.
When I win my millions in the Lottery, I will challenge these laws