Quote:
Originally Posted by BobC
Adam,
I defer to your knowledge, but I thought there was a difference in if you say consigned items to an auction house or sent them to a TPG who was holding on to them while being auctioned or graded, as opposed to having a valid lease type agreement where you technically rent space to store your personal items in. For example, if I rent an apartment and the landlord goes bankrupt, I've never heard of a tenant's furniture and belongings suddenly being at risk of sale by the bankruptcy court. Same thing for a bank safe deposit box or even a rental unit space. I've never had a vault space, nor seen an actual agreement they have someone sign. But I'm wondering if it isn't more like an actual leasing of space than just someone else holding your property. Interested in your answer. Thanks.
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those are different forms of property rights.
If you are a secured creditor and your item is there and identifiable, the court will order its return. thats the point of being a secured creditor.