Amusing Article in Houston Chronicle

EdgarW · #1 06-23-2005, 11:59 AM

Hello All,

I don't know if you've seen this piece already, but it sounds like some people are waking up.

"An open letter to my dearest creditor"

http://www.chron.com/cs/CDA/ssistory...siness/3235757

Best regards,

EdgarW

iamfreeru2 · #2 06-23-2005, 12:57 PM

Edgar,

I like it!!! LOL

seeker · #3 06-23-2005, 01:03 PM

It's open, it's public. They have been given notice -- seems to me that it is a valid novation!

Seeker

shakydude · #4 06-23-2005, 01:38 PM

Novation

n. A party's agreement to contract or substitute an original contract with a new one. A novation cancels the old agreement and is often issued when the parties determine that the payments or performance cannot be made under the original agreement's terms or the debtor will be forced to go into bankruptcy unless restructuring the debt. Although voluntary, novations are sometimes the only method to have funds paid.

wirlwind · #5 06-23-2005, 03:58 PM

That is priceless. I hope that he is successful with it, and that a lot of other people follwo suit!

charlesa6 · #6 06-23-2005, 07:23 PM

Quote:

Originally Posted by EdgarW

Hello All,

I don't know if you've seen this piece already, but it sounds like some people are waking up.

"An open letter to my dearest creditor"

http://www.chron.com/cs/CDA/ssistory...siness/3235757

Best regards,

EdgarW

This is a good letter. I hope they accept the offer,that will be a breaking point for us.