MANCHESTER, N.H. <\/p>\n
A federal judge has ordered the auction of many of the vehicles involved in the Dusty Old Cars bankruptcy case.<\/p>\n
The consignment company and its owner have been at the center of a controversial bankruptcy proceeding for months. About 200 of the cars involved in the case will be liquidated, but it's unclear how much money the original owners of the cars will get. <\/p>\n
The troubled consignment company and its owner, Stephan Condodemetraky, have been accused by customers of paying them little or no money once the cars have been sold. <\/p>\n
\"My view is the case is very much in wind-down mode,\" said Bill Gannon, attorney for Dusty Old Cars. \"The trustee will liquidate the inventory. He's released a lot of the consignment cars.\" <\/p>\n
The original owners of the consigned cars have the option of getting them back, but there could be a fee involved. Others could move forward with the court-sanctioned auction and get what money they can. <\/p>\n
Customer Carl Zecha his experience with Dusty Old Cars has been \"a nightmare.\" He said he had five vehicles on consignment through the company. Two were sold, but he said he only received a fraction of his money. He found out Friday that he can get his other three cars back free of charge. <\/p>\n
\"I'm happy to get them back, but it's still a loss no matter how you look at it,\" Zecha said. \"I don't know what to say.\" <\/p>\n
Condodemetraky was not at Friday's hearing, but his lawyer said he never intended to harm anyone. <\/p>\n
\"I think he's happy it's being resolved,\" Gannon said. \"I think both he and I thought it could have been a better resolution outside of this court, and we tried hard to make a better resolution inside this court and could not get it done.\" <\/p>\n
Officials said it's likely that all of the cars will be liquidated in about a month. <\/p>\n
WEBVTT THE ORIGINAL OWNERS OF THOSECARS WILL GET IS STILL VERY MUCHUP IN THE AIR.A FEDERAL JUDGE HAS ORDERED THATABOUT 200 VEHICLES BE SOLD ASPART OF THE BANKRUPTCY CASEINVOLVING DUSTY OLD CARS ANDIT'S OWNER STEPHANCONDODEMETRAKY.THIS IS THE LATEST CHAPTER INTHE ONGOING STRUGGLES OF THETROUBLED CONSIGNMENT COMPANYTHAT'S BEEN ACCUSED BY CUSTOMERSOF A VARIETY OF ISSUES THATINCLUDE PAYING THEM LITTLE OR NOMONEY ONCE THE CARS HAVE BEENSOLD.>> MY VIEW IS THE CASE IS VERYMUCH IN WIND DOWN MODE.THE TRUSTEE WILL LIQUIDATE THEINVENTORY.HE'S RELEASED A LOT OF THECONSIGNMENT CARS.ANDY: THE ORIGINAL OWNERS OF THECONSIGNED CARS HAVE THE OPTIONOF GETTING THEM BACK, BUT THEREMAY BE A FEE INVOLVEOWNERS MAY WISH TO MOVE FORWARDWITH THE COURT SANCTIONEDAUCTION AND GET WHAT MONEY THEYCAN.>> AND THE WHOLE EXPERIENCE THAT -- >> A NIGHTMARE.ANDY: CARL ZECHA SAYS HE HAD 5VEHICLES ON CONSIGNMENT THROUGHDUSTY OLD CARS.HE SAYS TWO WERE SOLD, BUT HEONLY RECEIVED A FRACTION OF HISMONEY.HE FOUND OUT TODAY THAT HE CANGET HIS OTHER THREE CARS BACKFREE OF CHARGE.>> HAPPY TO GET THEM BACK, BUTSTILL A LOSS NO MATTER HOW YOULOOK AT IT.I DON'T KNOW.I DON'T KNOW WHAT TO SAY.ANDY: CONDODEMETRAKY WAS NOT ATTODAY'S HEARING, BUT HIS LAWYERSAYS HE NEVER INTENDED TO HARMANYONE.>> I THINK HE'S HAPPY IT'S BEINGRESOLVED.I THINK BOTH HE AND I THOUGHT ITCOULD HAVE BEEN A BETTERRESOLUTION OUTSIDE OF THIS COURTAND WE TRIED HARD TO MAKE ABETTER RESOLUTION INSIDE THISCOURT AND COULD NOT GET IT DONE.ANDY: OFFICIALS SAY IT'S LIKELYTHAT ALL OF THE CARS WILL BELIQUIDATED IN ABOUT A MONTH.<\/p>\n
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Vehicles involved in Dusty Old Cars bankruptcy to be auctioned - WMUR Manchester<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" MANCHESTER, N.H. A federal judge has ordered the auction of many of the vehicles involved in the Dusty Old Cars bankruptcy case. The consignment company and its owner have been at the center of a controversial bankruptcy proceeding for months Continue reading