Regrettably, after eight protracted months, my case was converted to Chapter 7 due to insufficient equity.Ironically, the trustee swiftly secured a buyer for all the properties that were to be sold to STOA/FlipOS—this buyer being Farraway SG, the same entity that acquired the loans held by STOA USA during a time when they were laying off employees and leaving us in a difficult position.STOA never officially filed bankruptcy.

.🔴 Over-leveraged finances: Borrowers with excessive debt or insufficient personal capital invested in the deal could pose a greater risk of default.🔴 Questionable property comps: Overstated market values or inappropriate comparables may mean they’re inflating expectations.As always, thorough due diligence is your best protection.

I have considered that a 3 year lookback might be insufficient for a complete analysis; but it's what's available right now.

But also, the sad truth is that housing is too expensive, drugs are too addictive and adequate mental heath care is insufficient.

So I stick with my initial assessment - insufficient due diligence was done at outset. 

New investors’ funding, it would appear, works to seed investment and offset the debt but is insufficient it seems now to raise enough capital to reopen investor payouts. 

This suggests the capital injection was insufficient to fully stabilize the company's finances.Bankruptcy filing: In February 2023, just months after the REV acquisition, Tuesday Morning filed for Chapter 11 bankruptcy protection for the second time.

Lack of gutters on the home and insufficient foundation support led to a new support beam needed underneath the house which will cost $15,000.

This resulted in 4 children dying from maul nutrition.

If the taxes were increased and the escrows that were collected up to that point were insufficient to cover the new tax bill, then your future mortgage payment will increase by an amount that will cover the new tax bill AND make up for the shortage from the previous payment.