Bankruptcy

I purchased a bond from DBSI Inc. The bond says it is securitized but I ...

Suggestion by 72.76.147.209 on 2008-11-30 04:45:19

I purchased a bond from DBSI Inc. The bond says it is securitized but I don't know in what. DBSI has now filed chapter 11. Do I stand a chance in getting any of my money back. The bond was due to be called September 30, 2008 and they stalled repaying me then filed Chapter 11 in Nov. 08. The bond is part of an IRA. I can be reached at elanadabkowski@hotmail.com. Also I filed a claim with the Bankrupcy court in Delaware that is handling the matter. Any help would be greatly appreciated.

I am not an expert in bankruptcy law, but I believe that the company can stall debt payments if they file a chapter 11. You may not lose all of your money (or any of it) but your class of debt could pay out less than what it was due. There are other creditors who hold the same class of debt and you should stick with what they do. The fact that it is securitized is certainly a relief, since securitized debt is usually backed by an additional asset.

Walim 21:56, November 29, 2008 (PST)

Add comments or discussion related to this suggestion here.

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki