Article

2022-08-31 -Great Cultural Revolution

Gibson’s Bakery Wins! Ohio Supreme Court Refuses To Hear Oberlin College Appeal

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Posted by badanov 2022-08-31 00:00|| || Front Page|| [16 views ] Top

#1 They won't get any money until the bakers start seizing property.

Posted by magpie 2022-08-31 00:17|| 2022-08-31 00:17|| Front Page Top

#2 Do the seizing on the 31's so they can't pay loans, salaries and rent on the 1st.

Posted by 3dc 2022-08-31 01:57|| 2022-08-31 01:57|| Front Page Top

#3 Hopefully their lawyers have all the paperwork complete and just need to file asap for leans against income and property along with paperwork for foreclosure proceedings.

Posted by Procopius2k 2022-08-31 05:57|| 2022-08-31 05:57|| Front Page Top

#4 Putting a lien and filing an eviction order on Oberlins president’s residence would be a nice touch

Posted by Sock Puppet of Doom 2022-08-31 07:21|| 2022-08-31 07:21|| Front Page Top

#5 I think it’s a bonding company that has to pay now, not the university. Not sure what happens if they don’t have the funds.

Posted by Glenmore 2022-08-31 09:37|| 2022-08-31 09:37|| Front Page Top

#6 Speaking very generally, the surety on an appeal bond has to pay if the defendant doesn't. But then the surety can step into the shoes of the plaintiff and proceed against the defendant. Also, for a bond this size it's likely that the surety got a pile of collateral before signing the bond. It's sort of like mom co-signing your car loan if mom didn't like you very much. (boring, boring...)

Posted by Matt 2022-08-31 13:41|| 2022-08-31 13:41|| Front Page Top

#7 Not to mention, the cost of similar bonds for other similar institutions goes up because algorithm.

Posted by M. Murcek 2022-08-31 14:19|| 2022-08-31 14:19|| Front Page Top

#8 Oberlin has a huge endowment and a lot of other assets.

They will survive. There will be a long running fund raising appeal however. Wonder how stupid their alumni will be.

Posted by Lord Garth 2022-08-31 18:14|| 2022-08-31 18:14|| Front Page Top

#9 #6 - trust Matt, who knows what he's talking about. I have a lotta shit to say on this, but no paper cred

Posted by Frank G 2022-08-31 20:39|| 2022-08-31 20:39|| Front Page Top

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