Is Getting Rid of Timeshares a Problem?

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Original Message:

Re: Is Getting Rid of Timeshares a Problem? (by NoOneYouKnow):

Except for if the only thing the LLC does is for a place for you to transfer your timeshare and then you don't pay your fees.

That is no different than putting all your assets in a Trust and then not paying any of your debts.

Good luck finding a Court that will allow either of those. Courts find that assets treated like that just to avoid having to pay legal obligations are still personal assets.

FWIW, we did have a couple of weeks we didn't want any more titled to our LLC, but since our LLC exists for actual legal purposes, too, we paid the fees until we could get rid of them. Five or six years.

But again, going back to my premise, if THE INDUSTRY did what they should and provided an orderly exit, there would be no need for anyone to be deceitful.