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Re: Dream Travel Condos anyone? (by Lorilee L.):

Well,,,,,it requires someone like the trustee or anyone who can hire someone to do subpoena's for bank records, etc.,,, to prove the fraud,,,we all know because of the individual experiences that it was fraud but now it must be proven and that burden of proof is on the creditors :( Right now people need to object to the reinstatement,,,,,email me privately if you need more information. As to the Chapter 7 question: the trustee requires a few months bank statements (maybe 6 months worth) and some financials but I am unsure how far back they will go. This is an LLC not her so we cannot get her personal info unless we can tie some transactions from the LLC to her personal accounts. Take care

lorileel wrote:

sorry I didn't give you the proper email address,,,,lol,,,,working too much

rhonnaw007@gmail.com

Happy to assist.

lorileel wrote:

rhonnaw@gmail.com

I didn't see anything so please feel free to email me again.

The theory of diversion is probably correct. My work and profession is the execution of review and analysis of such activity.

But for now, everyone should file an objection to Reinstatement with their reasons why. The more people who do that the greater the chance of some recovery.

trixp wrote:

Lorileel - I emailed you a couple of days ago. Please check your inbox.

Here's what I'm thinking about today. The creditors are made up of both vacationers who booked through her and those who provided her with units to rent, correct? It doesn't seem, given the number of vacationers who have come forward, that there was a lack of travelers booking holidays. So lots of money coming in. It also sounds like there are a number of providers who did not receive payment. That leaves me to wonder what happened to the money. I think she was running her business out of her home so her overhead costs were probably minimal. She may have even been able to write off some of her home expenses, such as insurance and utilities, if she had a designated space in her home for an office.

When someone files Chapter 7, do they have to include their financial statements for the past several years? And if yes, can the public access these records? Anyone familiar with such things? I would like to see where the money went.