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Thursday, September 22, 2011

ADDED Jane Velez Mitchell Today and Bankruptcies Analysis of the Sister Wives and


Update 9/21/2011 VERY interesting folks....Bankruptcy brought up.....HLN's Jane Velez-Mitchell talks to a panel about the controversial polygamist show "Sister Wives." MUST WATCH!!! They hold no punches! Laurie Allen is one tough cookie!





Created and Written By: TERRASOLA
Bankruptcies Analysis
***PLEASE ALSO SEE:

THOUGHTS ON POLYGAMISTS ON GOVERMENT ASSISTANCE, Aug 5,  http://sisterwivesblog.blogspot.com/2011/08/discussion-time-thoughts-polygamists-on.html

SISTER WIVES - USED THE WELFARE SYSTEM (Original Docs) In top 10 on rt.

http://sisterwivesblog.blogspot.com/2011/06/sister-wives-absolulty-used-welfare.html 

42 comments:

  1. Even when you try to combine the three bankruptcies into just one, the amounts are not all that impressive. When you consider in the realm of reality star bankruptcy - the amounts here do not compare to a Teresa Giudice, or even comes close to Sonja Morgan's $17-19 MILLION dollar bankruptcy monkey on her back.

    But what is driven home by this analysis, is just how poor the Browns were, for that matter still are. When I first looked at the bankruptcy documents (courtesy of Mister Sister so many moons ago), what struck me the most was how desperately poor these people were. They were poor as little church mice, as my grandmother would say. And the pattern was obvious: Live on credit cards and when the credit bubble bursts, file bankruptcy. This is a learned behavior - it follows a pattern that is so blatantly obvious, only a lender of last resort would waste the cost of plastic on these deadbeats. And there that lender was, listed on the last bankruptcy filed by Christine.

    And the Browns are continuing the pattern! Instead of making do with three wives and 13 children to support, Kody brings in a 4th wife, her three children AND another baby on the way. Instead of living in Lehi, Kody uproots his families for Las Vegas and proceeds to rent FOUR HOUSES - with apparently no income outside of TLC coming from the adults. Instead of finding jobs that would provide income, the Browns (with the exception of Meri) decide to pursue a pie in the sky career in real estate. It's obvious why they have taken these actions (for the show) but they have not considered what they will do when TLC does not renew their show or replaces them with another family. But something tells me, if that happens, we will see the Browns in bankruptcy court once again.

    These people will never learn.

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  2. I agree with CJ, blows my mind on how they keep adding children and the life choices they were/are making.

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  3. They spend more than they earn. It is as simple as that. Over the long term they must either find a way to earn more, or to spend less. It puts into perspective why they seem so eager to get, and stay, on the TLC gravy train (including willingness to make questionable decisions "for the show").

    A lot of people are financially "illiterate" these days. Perhaps the Browns are, too. At any rate I believe they could benefit from financial counselling (all 5 of them) so that no Brown "spouse" can misunderstand that their current lifestyle was/is/will be financially unsustainable over the long term. Some day the TLC paycheque will disappear and they will need this knowledge.

    Financial counselling will also explain about financial prioritization, so that things like Christmas and birthday gifts and parties/meals, taxes, insurance (health, home), back-to-school expenses, education for children, etc. do not come as surprises. This is because they are predictable parts of life and are not financially surprising. Getting financial counselling would be the best thing they could do for their kids. Plus, hey, it could make for a great crossover show!

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  4. Poor? they make plenty is used wisely. ot at Best Buy and 300,000 houses! Or Lexus. They aren't that poor. They are grifters, users. Great job putting it all together, but your comments were far to nice. What about the welfare fraud?

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  5. Well, there's much more that's not being said on these papers. Like C has no car, BS! They flip around assets so they look poor. They have much more than they put on paper.
    So abt 155,000- just gone! HOW NICE!!!!!!!
    How about being on welfare when they shouldn't have?

    Very nice job, Terrasola, I could never have put it in that type of order!

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  6. Great post. I agree with the above posters. These people would be able to live within their means, but consciously choose not to do so. I am wondering what the Utah laws allow for though. Here in PA there are different types of bankruptcy filings and different wait periods before you can file again. However, no matter what type you file, you must attend credit counseling.

    I also wonder if the filing follows them - for example I wonder if that is why they have to rent in NV rather than buy (also that they technically are unemployed). But, with the TLC money I would think that maybe it is their credit that is making purchasing prohibitive.

    I also wonder if UT will go after them for repayment of the welfare benefits - again, here in PA there are laws that require repayment within a certain time frame if money is gained.

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  7. I am amazed. At one time, I lived in a teeny trailer, with 11 kids, i had custody of my brothers after he ad problems. We didn't have much, but were neat as a pin and fed well. I never filed Bank. because I never had a need to., Yo don't spend what you don't have. They buy buy buy. Sure, Christine can say she owns no house or car or whatever, but she's living in a 350,000 home and driving albeit a 2000 suburban, yet, that's better than many. They know how to cheat well. Lying by omission.

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  8. Do a one BD party a month thing.
    Geez, it doesn't even have to be a oarty for the bigger ones. The price you pay for having more than you can pay for, all for your planet.. Can't you Kody as the coach....for the sake of the planet guys, our planet...kody's planet, now here on earth, we've got to quit spending and make more babies, we all have to take on for the team.....ahahahahah

    Oh please, now I have to add to what I have read so far...Make that... a bunch of Jackin Off, Money Freaks, POWER Monsters....Bankruptcy BUMS
    Terrasola, I wish I could do a spreadsheet like that. You did a great job with all that information.

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  9. So does this mean that almost $115,000 was forgotten? It seems one files, use another s credit cards, then they file. am I right?

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  10. I think it's a total crock of shit these people are suing, trying to get a landmark decision so they won't get arrested for being Polygamists. Do they care if they are legally married? Heck no. that's what most people would want. BUT, if they did that, they can't (which Terrasola was too nice to say) pretend they are living alone, with no other incomes coming in the home; transfer cars, homes, etc in different names, act like they don't have a dime- PLEASE they had more than $25, $55 dollars to their name, they had a car to drive, etc. It's still LYING anyway you put it. They file bankruptcy annually like we file our taxes. $115,000 to raise our prices and cc rates, while they are on food stamps, FILMING a food pantry many would die for, is, beyond contempt. Actually, it looks nicer this way. Look at them separate, and then you get really furious that Christine was filming and on food stamps. With her lovely pantry filled to the brim with taxpayers money.
    They weren’t using those credit cards to live off of; they were on items from Best Buy, crap like that. Yet, they never own a thing.

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  11. Regarding the $350k house - remember they are renting not owning. and maybe the house was worth $350k in 2007 when prices were sky high. the bubble has burst since then - probably worth way less now. however where I live a single family dwelling at $350k would be a bargain (more likely a teardown...). living in a $350k house and renting it doesn't mean diddly really. IMO of course. Oh and I would NOT die for that food pantry...I'm just amazed that they don't go to Costco with that big family (but maybe it's because Costco only takes cash, debit and Amex...not food stamps...

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  12. Now I see it in reverse. I think this shows just how much they flip stuff around, because we know what they have. And to see the 114,000- mostly credit cards, WHEW!
    I am surprised it added up to that much.

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  13. WoW is all I can say.

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  14. They own the 350,000 house in Lehi

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  15. They own the 350,000 dollar house in Lehi, they have not put it on the market, and they are renting the four homes in Las Vegas.

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  16. I've got a lot to catchup on, I'll copy this and come back to it-

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  17. I stand corrected, but I doubt that house in Lehi is worth $350k. I'm sure it's mortgaged to the hilt anyway...so even if it WAS worth that much, the bank is the real owner...

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  18. That's very true. It's prb, not. The paperwork on the Lehi house is all listed out, property data, in the June or July section

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  19. So you can just file and forget about the $144,000?
    Don't you have to give back the merhcandise?

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  20. What I noticed, and I could be wrong, is that JANELLE (she's the one who had a grown-up job) has the lowest amount of unsecured debt and the highest amount of income. So Janelle must be the only grown-up in this family?

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  21. Good point, Snowflake, I would say she wold only go along wit the credit card stuff so far. SHE bought the house and later put the others names on it. To me, in a regular world, she would NEVER be in this type of debt. Remember the camping scene were Kody wanted to run and buy new ones- I think she's dealing with a child.

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  22. It seems to me they are lying about what they have. That's what bugs me about polygamy. You can live in a mansion, but if your names not on it, and your not married, why, your a poor girl with nothing.

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  23. Great job showing them as they truly are, grifters. They aren't in need of that big of a house, or 10 cars....

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  24. I thought I would jump on here and clarify a few points about the law and add a few of my own. Bankruptcy law is federal law which means that it is the same throughout the country except for a few aspects. For example, what you can exempt (or keep yourself and not surrender to the Trustee) varies by state. As for keeping your stuff, you are right, you can't. However, creditors don't want small items back because it is more trouble than it is worth to repo and sell a TV or furniture set. However, cars are different and Meri and Kody kept one vehicle in 2005 and they had to keep making the payments on it. The mortgage on the house was more than it was worth so the value really doesn't mean anything. And the posters are right in that they couldn't buy the houses in Las Vegas because of the bankruptcies on their credit. Also, in 2005, no credit counseling was required to file bankruptcy but Congress changed that in November 2005. However, the credit counseling done now takes 30 minutes and is just to confirm that the debtors can't repay their debts.

    I like how Terrasola pointed out that the real estate pursuit was a pipe dream. I read that only 50% of people pass the test on the first try. Also, in Nevada, you have to disclose prior bankruptcy when you apply for the real estate license. In Christine's case, I would hope that Nevada would deny her license since her bankruptcy was just last year. As for other business opportunites, they can't qualify for a franchise or for a lease of commercial property in a desirable location because of their bankruptcies. But do any of them mention that on all their tweets or on the show? NO, they act like they can start any business they want and it is just a matter of finding what they like. They don't mention that they made very poor financial decisions in the past and that there is a price to pay for that.

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  25. Clarification and Additional thoughts:

    The house that I was referring to was the one Kody and Meri owned in Wyoming. It was just a mobile home and it is no longer there. But I realize that the above posters were referring to the house in Levi, Utah. That house did not have to be listed in Christine's bankruptcy because her name was not on the deed.

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  26. And the one in Lehi they kinda played with it, it was in Janelle's name, then her and Kody, then all BUT Christine.

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  27. Female Attorney, I always look for you to tell us how it really is, you are great!

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  28. I keep flipping through here and I can't believe what all i have missed for not being on for awhile! It will be great read catching up.

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  29. Why are they not arrested for fraud?

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  30. WOO WOO ABOUT DANG TIME the "truth" comes out. That lady had some balls on her. I loved it! Was some cut out?
    LOVED IT!!!!!!!!!!!!!!!!!!!!!!!!!!!!

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  31. Wow, this is so devious, it just can't be right? Right?

    I thought these people were sexually deviant, but I thought they were generally good people. I didn't realize they just rotated debt around and offload it all the time, as if that's normal. This kind of makes me sick.

    Wait a sec... Is THIS is why they left Nevada?

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  32. Hmmm... I think Kody wanted big lights! He WANTED to be forced out. I am a very poor person myself, we barely make it. I am disabled, and it's rough. but no matter how paying my bills late ruins my credit, I'd rather do that than to file bank bankruptcy and have people just LOSE their money. Better late than never! And what they charge, man, it's crazy.

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  33. OMG, I want to see that interview in full. Now that was so good.

    Something tells me this is one interviewer Kody Brown and wives will avoid!

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  34. Wasn't that something! I want that Laurie to interview the Browns!!!!

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  35. WOW, What Barracuda's! She invited Kody on the show! Do you think he'll go?

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  36. Bwahahahahaha!

    If that would happen, Kody would definitely need to be hospitalized afterward!

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  37. WoW! (get my WoW?) lol
    Depends. He would need Depends. I might need them too, if she were coming after me.

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  38. I didn't know anything about them filing like this. Oh my.

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