Quote:
Originally Posted by LessinSF
At this point, you have to think not.
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I guess the third possibility (and, now that I think about it a little, the most likely) is that Citi was faced with pursuing collections actions against existing customers and thus facing the prospect of throwing good money after bad *and* losing business in the exchange.
Better to leave a trustee to pursue anything collectible, probably using cheaper lawyers than Citi would, and keep a safe distance from your other customers. That has to be worth the 5%+expenses (or whatever it is in NDCal) that goes to the trustee. Could end up ahead on the net return *and* get to say to your customers being sued "hey, we can't control the trustee".
