THURSDAY IS ROYCE BUILDERS TURKEY DAY! “There are dozens of homeowners, contractors and other consumers who lost money when Royce closed its doors. If you are one of these people or businesses, November 26th is the deadline for filing a “proof of claim†in Royce’s bankruptcy. If you file, you may be reimbursed when any of Royce’s remaining assets are distributed among creditors. There’s no guarantee you will see any money. But it’s a sure bet you’ll never get a dime if you don’t file. If you had a warranty on your home, but you haven’t been able to get the work done because of the bankruptcy, there is a value on the warranty that you are owed. If you put earnest money down on a home that never closed, and you never got a refund, you should file. . . . For now, the Royce bankruptcy trustee says Royce owes more than $17 million; but he believes it’s much more… and that many people just haven’t filed.” [Ask Amy Blog]
That John Speer is back in business under new corporate protection, using the inventory that should belong to the creditors, sums up the likelihood of anyone seeing a dime from the bankruptcy court.
Welcome to the new America. Where the rich and corrupt get away with it all.
….he’s not rich. He’s spent his life trying to create the illusion that he is.