FIGHT BACK!
Small creditors may be under the thumb of a lawer, however then big
creditors, have lawyers on staff, so the lawyer gets paid anyway.
Cash isn't always better either. Losses can accrue tax credits. (Isn't
business law wonderful?) There are plenty of times when the tacx credits
can be more valuable than the money that could be gained in the sale of
the assets. (Kinda like the old story where a person gets a pay raise,
only to find a smaller pay check, because they are in a higer tax
bracket.)
I read a lot of things on a lot of BBS's. However, I don't take such
postings as evdience of what is really going on.
Basically I see it this way. If I was one of the major creditors, who was
owed millions of dollars, and I thought I was going to loose a potential
million or two more, because some trustee was jerking the bidders around,
I do think I'd have my staff lawyer down there prodding those folks along,
so that I could salvage those few bucks that I could.
That is unless the write off was more valuable for my annual bottom line,
or that breaking it up and parting it out looked to be more rewarding.
Lastly, if C= wouldn't listen to our pleadings while they were in
business, what makes you think that some Bahamian trustee will?