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Original Message:
Class Action Against Diamond Resorts? (by Brad L.):
I know ILX was bankrupt. Were you able to keep anything or did you lose it all?
I’m curious because I am going through a bankruptcy now with some old crappy timeshare that we bought for like $10,000 20 years ago. It’s just like ILX and we would like to know what we can hope to keep and what we will lose. It was poorly managed like ILX and I’m glad Diamond bought it but we expect our MF fees to go up because the stupid board ran it into the ground. It’s Just like ILX. We should sue the ILX board but we can’t because bankruptcy laws protect them. They took all of our money and ran. They were Stupid board members who were trying to be cheap but like we warned them.... they ruined our property and took our money.
We owned 2 deeds at ILX; Gabe back one and kept the other one. Wish we would have paid the $315 dollars now. Oh well. Hindsight is 20/20. We were glad DRI fixed those dumps up. Now the MF went down this year after all the neglect.
Thanks and god bless. Brad and Christina.