We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
DVC and Bankruptcy
asbestos2008
Posts: 144 Forumite
We are members of Disney Vacation Club, which is a timeshare type thing direct with Disney. We are filling in the forms for bankruptcy and hope to file soon.
Any ideas on how the OR is going to deal with these?
Any ideas on how the OR is going to deal with these?
BR date 18/11/09
0
Comments
-
Most timeshares have very little re-sale value, if that is the case, the OR will send a disclaimer. But, with it being Disney it may be worth something? if it is, they will use a broker to sell.0
-
Hi,
Just wonder if there is potential for a relative /friend to buy your interest? Thats if the OR decides to take it that is.0 -
I have looked on a brokers website in the USA and it will have a resale value of £12,000 less fees and taxes, so OR should be able to recoup about £10,000.
At least a little to go towards our debts.BR date 18/11/090
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.7K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.8K Work, Benefits & Business
- 603.2K Mortgages, Homes & Bills
- 178.2K Life & Family
- 260.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards