I wonder if his lawyers could argue that the loan company took advantage of someone with an obvious mental deficiency.
Bumping this with a hopeful manoman this better bury him and shut him the bleep up.
Finally?
Please?
Gotten tired of his brand of entertainment.
Pretty sure he doesn’t have this money.
And another one.
The loan sharks also should have known, when doing business with this goof, that they probably weren’t going to get paid back.
The loan sharks may have had a minor investment in “well, maybe, if Trump wins and everyone caves to having pillows on their shows again”. But more likely they believed he’d get the Real Estate loan mentioned in the article so they could collect their $16k a day:
Lindell initially agreed to the $600,000 merchant cash advance, which would cost $840,000 to repay, in order to get a real estate loan from Lifetime, according to court filings. The company “refused to honor its commitment” and that loan never came to fruition, the suit says. Lindell and several of his other companies, including Lindell Media and Lindell-TV, guaranteed the cash advance and would be on the hook.
Of course it could be a plan to get control of Lindell’s properties, but personally I suspect they’re worth next-to-nothing or even substantially underwater between the loans and liabilities.
FedEx is fed up:
Good luck with that.
Considering what a mess Lindell has made of this situation and his company I doubt they have $8.8 million in assets.
I suspect it’s a “get in line” scenario, with a minor side of “Maybe one of his friends will bail him out and we’ll get something back”.
Considering all the unpaid legal judgements, legal fees from his own and other lawyers, unpaid bills to creditors (now +1), his lack of credit with credible financing institutions, and his tit-for-tat and failure to pay his near-loansharking creditors, I’m amazed someone hasn’t shown up and padlocked the doors to any facility with his or his businesses name on it.
I’m quite confident that FedEx has zero expectation of getting an actual payment, and this lawsuit is just Step One heading toward joining in the eventual lien. All the creditors will gather in the parking lot and pick over the bones together.
Agreed, that’s why I started with
That line is getting longer every day that they continue their business, and Mike tries to hide at least some of his assets.
I, for one, will be glad when he doesn’t even have a place to lay his head at night.
Maybe Trump will help him out… (snort)
Well, as mentioned countless times, when you owe the bank a little money, you have a problem. When you owe, well, everyone, a LOT of money, the bank or other creditor is the one with the problem.
Or in the words of Futurama “Look, you want false hope or not?”
Anyone suprised by this?
I’m surprised he’s still getting press coverage.
I’m surprised he and his business are not bankrupt yet. Seems like he’s still working on that goal.
If any of you live in Wisconsin, Mike is asking for your assistance in gathering up all the voting packets you can find! The proof is in the packets.
If youre not sure if the packet you’ve found is a voting packet, it’s best to play it safe and send it anyway. Some absolutely vital bit of evidence may be disguised as a ketchup packet or a coupon packet
Even the serious press needs comic relief once in a while.