I'm at a loss to understand where your association with bankruptcy and UCC 6 comes from. UCC 6 isn't part of not a requirement of bankruptcy law. It's purpose is the prevention of mass liquidation outside of bankruptcy court. If one could simply convey their holdings to another party without conveying their liabilities, bankruptcy would disappear.

You're also ignoring the requirements of UCC 6. Every creditor would have to been notified and notifications made. There is a process here- it's not something that happens overnight. Unless Gaffrig and Fred started the process months ago... And I find it odd that of all the postings here from people who are owed by Trick, not one of them has mentioned a notification of a bulk sale.

I too learned this by nullifying a bulk transfer.

Buzilla,

Please educate us since you have real time backround on this
(I like to learn)
Does Fred only have to wait 90 days after his transfer of assets to somone else before he can file Banko??

i know there is a 90 day recall attached to bankos. This is known as "prefered payments" so as to keep people from paying off relitives then going under. My understanding was they can only go back 3 months for attachement to "Prefered Payments" is this still true??

If so Fred will just have to wait 3 months after his deal with Gaffrig for them to obtain his assets
so then he can file Banko on his liabilities

Is this understanding true ???

as we all know, bankruptcy laws vary from state to state...

with that said....

has it been conclusively determined that Trick Marine is in fact a SC Corp, and they did in fact, or did not, file bankruptcy protection under a Chapter 11 or 7 petition??

once we understand/know that, and the bankruptcy laws of SC, and the dates for such, then and only then can we make sense of anything else..

i'm not certain that a website can be considered a specific asset, unless it had a specific book value, legitimate on the books..

why Gaffrig would seemingly take just a website from Fred is beyond comprehension from me.... why didn't they just start their own and be done with it, without a connection to a notable and questionable character??

why Gaffrig would seemingly take just a website from Fred is beyond comprehension from me.... why didn't they just start their own and be done with it, without a connection to a notable and questionable character??


Things that make you say HMMMMMM :rolleyes:

That just means that they have met the requrements set forth by the Attorney General of SC. But, according to PACER, Trick has not filed for bankruptcy. Even if they did go bankrupt, the corp would still maintain its standing. Good standing is lost only if filings aren't done or the corp ceases to operate.

As far as the website, it would be viewed no differently than any other piece of intangible property- a patent, for example. That makes it as asset and that value is the propeerty of the corporation. Disposing of it while insolvent is a criminal act. So is continuing to operate in bad faith- that includes collecting money when you know you're insolvent and keeping those funds rather than distributing them to your creditors.

Why would someone want the website? Simple- an e-commerce site like that with cataloging and such is a significant expense to set up. Well in excess of $10K. In addition, one would have to assume there are customer lists, etc that are going with it.

Fred is doing all of this back-door and getting away with it. That's because he took alot of people for smaller amounts of money- no one individual seems willing to go through the effort or expense to stop him.

I'm suprised no one from here went looking for him so to speak :angry-smiley-038:

I can't believe that those that were hosed by Fred haven't gotten together and contacted the local prosecutor in his county. That's so much easier & safer than taking matters into your own hands.

I probably would have done both

Come on this guy didn't just fall into a hole and vanish. how the heck can his website be under a new owner, there is so much more to all this B.S. then people are being told. Has anyone contacted the Postal Inspectors to see if you can nab him on mail fraud issues some how?

Don't worry if he stays in boating I'm sure someone is going to run into him one day out on the water :hitfan:

The new owner got the name monster from my reply !


Quote:
Originally Posted by bouyhunter
Nauti, I got duped too.
I really thought he was a straight shooter. I think he got in over his head, and didn't make things right when he still had the chance.
Survival Mode set in.
That means nothing to the people who are out money though.



Yes Bouy,

A Dr. jeckel to Mr. hide in my case
A real Frankenstein to alot of people