Chimene Van Gundy — the fresh ‘Queen from Cellular Home’ — went broke inside the San Antonio
Chimene Van Gundy, a separate Braunfels businesswoman having promoted and come up with millions by purchasing and you can attempting to sell mobile house, submitted getting Chapter 7 liquidation Wednesday. The new submitting arrived seven months just after a legal designated a receiver more the woman team and personal finances.
The newest Braunfels-created The A residential property Possibilities Inc. borrowed funds from traders buying and sell cellular land. Specific people claim they have not come reduced the primary and desire to their finance.
Chimene Van Gundy, a special Braunfels business person who’s got boasted about and come up with many out-of exchanging mobile residential property, went broke.
The woman is known by herself as the “King from Cellular House” therefore the “the newest Cellular House Millionaire,” to invest in, restoring and attempting to sell more 600 mobile home inside 17 claims. She also has told you she possesses all those cellular-house areas.
In recent months, however, Van Gundy plus one regarding the lady https://guaranteedinstallmentloans.com/payday-loans-nc/ people was indeed hit with several legal actions by buyers just who allege the woman is come functioning a fake mobile-house financial support strategy.
Van Gundy submitted having Chapter 7 liquidation Wednesday inside You.S. Bankruptcy Judge inside the San Antonio, listing less than $50,100 during the property and expense in the selection of $a hundred,100000 to $five hundred,100.
People state she reneged into the promises to pay them back prominent and notice to the money it loaned her business to acquire cellular land. The latest Show-News chronicled Van Gundy’s courtroom trouble when you look at the a post one looked online simply occasions ahead of her bankruptcy filing.
Van Gundy submitted having personal bankruptcy simply 7 months after the Ca plaintiffs convinced Court Dib Waldrip to designate a radio when planning on taking more this lady providers, An excellent A home Choice Inc. (ORES), and her personal cash.
David Jed Williams and Clayton Matheson, San Antonio attorneys on plaintiffs, argued that assets was basically at risk for are destroyed instead of an effective receiver bringing control.
Through the a keen April 19 hearing, ORES’s surgery manager Meagan Dockens affirmed she failed to discover where organization maintained the bank accounts and this didn’t come with most recent monetary info
“Everything you I’ve heard feels as though the fresh arrow has grown to become with fluorescent lights” getting appointing a radio more ORES and you can Van Gundy, Waldrip said immediately after Dockens’ testimony.
Dr. Andrew Wong of Neuromuscular & EMG Professionals regarding Texas said from inside the an enthusiastic April 14 letter recorded towards judge one to down to their injuries, Van Gundy provides “tall deficits” inside thoughts, attract and you may focus.
Van Gundy are “mentally struggling to providing judge testimony,” said Wong, even when the guy added she was able to keep doing work complete-time. The woman lawyer advised this new court Van Gundy risked that have a keen epileptic seizure if the she affirmed.
The lady case of bankruptcy processing offered no info on the lady assets, debts otherwise income. The new petition told you she has as much as forty-two creditors.
It’s the second day Van Gundy has submitted getting personal bankruptcy. Into the 1997, she along with her partner at that time filed a section thirteen reorganization within the Georgia.
Around a chapter eight liquidation, a good debtor’s possessions is going to be ended up selling towards advantage of financial institutions. Case of bankruptcy filings fundamentally placed on hold one pending litigation against good borrower.
Four some one as well as 2 enterprises located in Ca allege within their suit inside the Comal Condition district legal one to Van Gundy has been doing work a great Ponzi scheme – planning to pay-off buyers that have the finance off their “naive anybody
Michael Morris, a special Braunfels attorney who has been representing Van Gundy and you may ORES inside lawsuits, registered court papers Wednesday so you’re able to withdraw as his or her the recommendations.
Morris indicated this new welfare of Van Gundy and you can ORES “get establish unfavorable” towards the receiver’s fulfilling, therefore his continued icon off both “could well be unethical.”