What Happens To Your Home Warranty If Your Contractor Files Chapter 11 Bankruptcy?

[acher]

A kimball hill property have been just bought by a buddy of mine in the sacramento, ca region. If every goes broke what happens to her home warranty?http://www.bizjournals.com/sacramento/tales/2008/04/21/daily49.html

[Mike]

Predator said: 4 . . . "part" should have been "party" . . . 68 months ago

[Wanikiy]

Predator said: 1 She'll have to say goodbye to her warranty. You can't get blood out of a turnip! 68 months ago

[Aleekcheaahoosh]

[Laine]

Predator said: 3 . . . on the other hand, it may be possible to obtain some sort of compensation or "deal" transferring the warranty to a third part through the bankruptcy court. Have her check with a lawyer. I am certainly not the "last word" on the subject.It can't hurt to try! 68 months ago

[Garet]

CAhypergirl said: 2 that's what I thought but she was hoping that the big corporation would still cover her even though the locally it looks like they're leaving town 68 months ago

[Rohan]

. . . on the other hand, it may be possible to obtain some sort of compensation or "deal" transferring the warranty to a third part through the bankruptcy court. Have her check with a lawyer. I am certainly not the "last word" on the subject.It can't hurt to try!

[Elhannan]

. . . "part" should have been "party" . . .

[oded]

I have read about the article on the link you provided. I think housing policies are governed by suitable laws of state and in any way, the Kimball Hill Homes is obliged to do and provide what they have agreed in the contract. http://www.metrocorpcounsel.com/current.php?artType=view&artMonth=February&artYear=2008&EntryNo=7936

[Verddun]

that's what I thought but she was hoping that the big corporation would still cover her even though the locally it looks like they're leaving town