How do these people sleep at night?
NewsFeeds 2.12.09 | Richmond BizSense
LandAmerica unit wants funds access (Times-Dispatch)
A LandAmerica Financial Group Inc. subsidiary wants access to customer funds to pay vendors and expenses while going through Chapter 11 bankruptcy proceedings. LandAmerica 1031 Exchange Services Inc. filed the request in U.S. Bankruptcy Court in Richmond and said if it is not granted, the company may be forced into Chapter 7 liquidation bankruptcy.
A LandAmerica Financial Group Inc. subsidiary wants access to customer funds to pay vendors and expenses while going through Chapter 11 bankruptcy proceedings. LandAmerica 1031 Exchange Services Inc. filed the request in U.S. Bankruptcy Court in Richmond and said if it is not granted, the company may be forced into Chapter 7 liquidation bankruptcy.
{ 1 comment… read it below or add one }
Wow. I completely agree. It is unbelievable LandAmerica could even think they have a right to use the money.
Sincerely,
John Brown
1st National Title