Quote Originally Posted by Eli View Post
One of our clients filed BK but not because they weren't selling houses. The bank wanted payment of their $72,000,000 LOC in 90 days. Froze all their assets and I spent the next 6-8 months fighting off mechanics liens. It was a mess, the nicest group of people ever and it just sucked. The other is still in business.


Sent from my Bat Cave!!!
Was that the bank or was is driven by tighter government regulation/requirements......I seem to remember the government changing the rules on the banks during the crisis and this drover at least some of that behavior??