Thanks,The world would stop if direct mail was outlawed and the post office would go bankrupt.

Or is this a lost cause due to company saying they're financially bankrupt and even if we win the case, they will likely not pay.Any and all advice is welcome!

As in bankrupt, where the court will determine what assets they are allowed to keep.Personally, it would do my heart a lot of good to see a lot of these seminar gurus (and in my opinion, scam artists) run out of business and into bankruptcy court.Legal Zoom has a good article on piercing the corporate veil here: https://www.legalzoom.com/arti...

I missed out When Apple nearly went Bankrupt before the iPod was introduced Apple Stock was trading under $12.00 many splits ago.

This sounds like the story of how my in laws went bankrupt and ended up not being able to retire 🤔.Real estate is a capital intensive business. 

Upon filing the adversarial, it's likely that his attorney would look at the numbers, and tell the borrower if it made sense to go through the lawsuit, which the bankrupt would have to pay legal fees out of pocket, ( the attorney wants to get paid) or to call "game over" and let the property go.Normally I look at the intent of the filing, is it to stop a foreclosure with no way to pay the debt or is it to get rid of a large amount of other debt.

For one home, the tenant went bankrupt in mid-2020 and stopped paying rent entirely. 

Generally the attorney for the filing debtor (or bankrupt as some call it) will list debts in categories prescribed by the bankruptcy code.

I'm too old to see a lot of the socialistic changes and bankrupt cities and states that you will.

There will be no flying under the radar, and many Lonnie Dealers may well end up bankrupt from fines and sitting in a gray bar motel.If anyone wants to take that chance for themselves, that is their choice.