LandAmerica Bankrupt...Chapter 11

[John J. Schenk]

Just got a "Notice of Proposed Sale And Sale Hearing in the mail. Don't know if I'm gonna get ripped or not. Here's the link to their page showing they're in Chapter 11:

http://www.landam.com/About+Us/Chapter+11.htm

Here's the link showing LandAmerica American Title as one of their companies, which is who I do quite a bit of work for:

http://www.landam.com/About+Us/LandAmerica+Companies.htm

Haven't gone and read their filings but general creditors, which I would be, usually get the shaft. I never got a creditor's notice, but I wouldn't think I would have gotten this "Notice Of Proposed Sale And Sale Hearing" if I WASN'T listed as a creditor. Not a good sign to me.

Nothin you can do about it other than grit your teeth and bear it.

Be careful out there!

JJ

[Christine Ortiz]

Yup I just received that in the mail too. Fortunately I haven't worked for them in awhile. Geez!

[Thomas Morgan]

If it is any help, LandAmerica Financial Group the parent company filed the bankruptcy. It will have no effect on LandAmerica Onestop (who schedules signings and ultimately pays notarys) There was a snafu at Suntrust & Wachovia over freezing bankruptcy accts, and they froze accts that should not have been. LandAm Onestop was one of the accts, and that is why checks bounced. Onestop reissued the checks and I understand are working hard to correct the problem.

[TTaylor]

I received a check from Land America for a September closing last week and the check bounced.

[John J. Schenk]

That sucks! Sorry to hear that!

JJ

[Burnell L. Parks]

I did a closing for land america one stop on feb.11,2009 and instead of a check I too received a bankrupt notice with a claim form. what chance does an unsecured creditor have of getting paid??lol

[John J. Schenk]

Man, that is REALLY Lousy! LOL They knew they were going to stiff you when they called you. There's probably a lot more of you out there.

[Burnell L. Parks]

good news for me. rec'd my check for 2/11/09 signing on 4/13/09. took 60 days but I cashed it at the bank.

[John J. Schenk]

That sucks! Where's mine? You gonna share? LOL J/K Glad you got paid. Maybe I better email them again. Thanks for the info.

JJ

[Burnell L. Parks]

I would call land america one stop and see if they have closed out the closing you did for them. that is apparantly what happened to my closing.

[John J. Schenk]

I think your signing was POST bankruptcy filing so you wouldn't be in the category of creditor that I am. You get paid for post petition signings, mine were pre-petition. I get screwed...you get to go to Tahiti. LOL

Thanks! Glad you got paid!

JJ

[Caroljean Rich]

I also rec'd a notice...and no check.

[Burnell L. Parks]

I think I would call LAOS to see if the signing was closed out by LAOS. apparantly that is what happened to my closing. it wasn't closed out by anyone at LAOS, so I didn't get a check until this was brought to their attention. I have also been paid for one I closed in april. the girl at LAOS said as far as she knew, they were paying all notaries for their closings. should be worth a call to check on it. and yes I know that we as creditors are not supposed to contact a bankrupt debtor to check on payments, but since she said LAOS is not bankrupt, only their parent company is under chapter 11, it is worth checking on. especially if the signing took place after the bankrupt filing in nov.