Honorable Justice Peter J. Walsh
U.S. Bankruptcy Court for District of Delaware
824 Market Street, 6th Floor
Wilmington, DE 19801
Dear Judge Walsh:
We are some of the owners of properties involved in the DBSI bankruptcy case now before your court. We understand that the point has been made in your courtroom that most owners are satisfied with the way DBSI has treated them as evidenced by the lack of an out pouring of letter to the court to the contrary. Please understand that the exact opposite is true. To date, the owner's objective has been to not inundate the court with individual letters that tell of all our personal hardships.
To that end, we forward this petition with multiple signatures, so you are aware of the depth of pain and the number of people who have suffered. With over 10,000 individual investors, it is not possible for us to reach them all, but this is a small indication of how people feel.
We now stand to lose a portion of our life savings.
This will seriously affect our retirement.
This was considered a safe investment.
We are losing everything and as usual the only people gaining are the attorneys on all sides.
The lenders and their attorneys are now starting to line up at the TIC trough.
Our reserves and silo funds are either secreted away somewhere or are lost by a failed business model or worse a fraudulent one.
Our intention as owners is to regain control of our property, try to keep them out of foreclosure, join with the lenders in a win-win relationship and move forward in our lives. Many will fall short of this goal as there is no saving the property. Some will partially succeed. A small group will come out with having only the lost the money DBSI has drained from us through legal maneuvering over the past months.
Your Honor, please keep in mind that we cannot reach all 10,000+ owners for their individual input, but this is a sampling from those we can reach.
Respectfully submitted
DBSI investors
The petition has reached the one hundred signature milestone. This demonstrates that there is a significant group of owners who wish for the court to understand our collective position regarding the DBSI bankruptcy case.
March 18, 2009
The reach of this petition has grown significantly beyond my initial expectations. This collective response demonstrates a clear message that our circumstances deserve serious attention from the court.
Reached 100 supporters
March 18, 2009
6 Comments
N
Nancy Glatt Bryant
11 years ago
Featured
I am 82 years old. I invested over $700,000 in DBSI after they convinced me that I would have an income each month from these investments. At no time did they ever notify me of any problem with their company. I just received a letter in October 2008 that they were going bankrupt. This has had a devastating effect on my health and my life.
L
Linda Webster
17 years ago
Featured
My husband and I put our entire nest egg into this thinking it was safe. Now we barely make ends meet. Please help us.
M
Mark Morrison
17 years ago
Featured
lost way too much on this deal. dbsi really screwed everyone over and now the courts are just letting the lawyers pick the bones clean.
D
David Mason
17 years ago
Featured
Just want my money back. I trusted them and they took everything.
R
Robert Nguyen
17 years ago
Featured
THEY LIED TO US. Plain and simple. This was supposed to be for our kids college fund and now every cent is just gone. Unbelievable.
S
Susan Acosta
17 years ago
Featured
I was promised steady monthly income for my retirement. Instead I got nothing but anxiety and a mountain of legal paperwork. This isnt right.
Help this petition grow
Share it with friends to help reach
1,000 signatures.
Sign Petition
We never post to your account. Social sign-in is used only to verify your signature.
or sign with Email
Add a comment?
Your signature will be added via
.
Tell others why you're signing — it's optional.
By signing, you accept our Terms and Privacy Policy and agree to occasional emails about petitions. Unsubscribe anytime.
Share Petition
Don't stop at signing, share the petition link with friends to multiply our impact
Honorable Justice Peter J. Walsh
U.S. Bankruptcy Court for District of Delaware
824 Market Street, 6th Floor
Wilmington, DE 19801
Dear Judge Walsh:
We are some of the owners of properties involved in the DBSI bankruptcy case now before your court. We understand that the point has been made in your courtroom that most owners are satisfied with the way DBSI has treated them as evidenced by the lack of an out pouring of letter to the court to the contrary. Please understand that the exact opposite is true. To date, the owner's objective has been to not inundate the court with individual letters that tell of all our personal hardships.
To that end, we forward this petition with multiple signatures, so you are aware of the depth of pain and the number of people who have suffered. With over 10,000 individual investors, it is not possible for us to reach them all, but this is a small indication of how people feel.
We now stand to lose a portion of our life savings.
This will seriously affect our retirement.
This was considered a safe investment.
We are losing everything and as usual the only people gaining are the attorneys on all sides.
The lenders and their attorneys are now starting to line up at the TIC trough.
Our reserves and silo funds are either secreted away somewhere or are lost by a failed business model or worse a fraudulent one.
Our intention as owners is to regain control of our property, try to keep them out of foreclosure, join with the lenders in a win-win relationship and move forward in our lives. Many will fall short of this goal as there is no saving the property. Some will partially succeed. A small group will come out with having only the lost the money DBSI has drained from us through legal maneuvering over the past months.
Your Honor, please keep in mind that we cannot reach all 10,000+ owners for their individual input, but this is a sampling from those we can reach.
Respectfully submitted
DBSI investors
The petition has reached the one hundred signature milestone. This demonstrates that there is a significant group of owners who wish for the court to understand our collective position regarding the DBSI bankruptcy case.
March 18, 2009
The reach of this petition has grown significantly beyond my initial expectations. This collective response demonstrates a clear message that our circumstances deserve serious attention from the court.
Reached 100 supporters
March 18, 2009
6 Comments
N
Nancy Glatt Bryant
11 years ago
Featured
I am 82 years old. I invested over $700,000 in DBSI after they convinced me that I would have an income each month from these investments. At no time did they ever notify me of any problem with their company. I just received a letter in October 2008 that they were going bankrupt. This has had a devastating effect on my health and my life.
L
Linda Webster
17 years ago
Featured
My husband and I put our entire nest egg into this thinking it was safe. Now we barely make ends meet. Please help us.
M
Mark Morrison
17 years ago
Featured
lost way too much on this deal. dbsi really screwed everyone over and now the courts are just letting the lawyers pick the bones clean.
D
David Mason
17 years ago
Featured
Just want my money back. I trusted them and they took everything.
R
Robert Nguyen
17 years ago
Featured
THEY LIED TO US. Plain and simple. This was supposed to be for our kids college fund and now every cent is just gone. Unbelievable.
S
Susan Acosta
17 years ago
Featured
I was promised steady monthly income for my retirement. Instead I got nothing but anxiety and a mountain of legal paperwork. This isnt right.
Help this petition grow
Share it with friends to help reach
1,000 signatures.
Sign Petition
We never post to your account. Social sign-in is used only to verify your signature.
or sign with Email
Add a comment?
Your signature will be added via . Tell others why you're signing — it's optional.
Signing with Google or Facebook verifies your signature instantly — no email needed.
By signing, you accept our Terms and Privacy Policy and agree to occasional emails about petitions. Unsubscribe anytime.
Share Petition
Don't stop at signing, share the petition link with friends to multiply our impact
I am 82 years old. I invested over $700,000 in DBSI after they convinced me that I would have an income each month from these investments. At no time did they ever notify me of any problem with their company. I just received a letter in October 2008 that they were going bankrupt. This has had a devastating effect on my health and my life.