ARIZONA COMMON SENSE
An Exercise in Aggressive, Non-Partisan Political Activism
June 21, 2013Volume 1, Number 32
THE PROPOSED RATHBUN “DEAL” TO FINALIZEBANKRUPTCY PROCEDINGS
June 21, 2013Dear (Former) Rathbun Clients:Prior to the Rathbun Bankruptcy Hearing on June 18, 2013 manyof you informed me, in sum and substance:“I don’t understand the Rathbun Proposal. What does it allmean?”Guess what? On June 18 the Bankruptcy Judge, well versed inlegalese and highly experienced in the reading of intentionallyconfusing documents, found it, well… confusing as well.So much so that she (gently) chastised the documents author,Nathan Rothschild, and directed him to produce a more clearlyworded document, forthwith. The bottom line? Here’s what’s now on the table:
George and Bette Glover have pledged to pony up anumber of their personal properties to satisfy your claims,which now add up to some $950,000.00.
The properties are encumbered; Rothschild expects to(eventually) net some $200,000.00 (plus or minus) fromthe sale.
That money, added to the Rathbun Realty cash on hand,will be the total amount available for recovery, anddistribution to you.