: I’m a retired lawyer and have wondered if Bob
: and Bobbi might have had a financial crisis
: that led to the $100,000 lease of the KT
: trademark. It took me 5 seconds last night
: to find out by typing into Google Bob’s
: legal name: “Robert Castle Shane.”
: I invite you to do the same. The result: A
: Chapter 13 federal bankruptcy petition filed
: June 15, 2016 by Bob and Bobbi in Az
: bankruptcy court. Chapter 13 allows debtors
: to pay off all the debts within 60 months.
: Unlike Chapter 7 and 11, which involve
: writing off some or all debt (in return
: having to sell assets), Chapter 13 is
: typically used to prevent foreclosure and
: that is what Bob and Bobbi have used it for.
: They agreed to pay the mortgage company
: $223,000 over 60 months. All the details are
: in a PDF on the docket page.
: The court approved the petition around the
: time of the 2016 KT camp, when Josh and Mike
: made the contract with B and B.
: So, this helps explain a motivation for B
: and B to sell the rights to the KT mark.
: Whom approached whom doesn’t seem so
: important now.
: What happened last year that lead to
: lawsuits is still murky, though it appears B
: and B didn’t adhere to the contract. Josh
: and Mike, having paid $100,000, were
: entitled to exercise their rights. The
: dismissal of the trio members was bungled. B
: and B should have given them notice months
: before the time they finally heard. B and B
: knew what Josh and Mike wanted to do—it
: doesn’t make sense otherwise.
: From what I understand, Josh had hoped the
: changeover would be announced well before
: this year’s camp and that the camp would be
: a tribute to George, Bill, and Rick. You can
: snicker at that, but I have found Josh to be
: a very caring guy. You can disagree with
: Josh and Mike’s decisions but don’t trash
: I understand your loyalty to G, B, and R. In
: cold-blooded business terms, they were
: independent contractors. They had no job
: security. They should have been given more
: notice. In light of Bob and Bobbi’s
: financial distress, would you have preferred
: they decline the money and lose their home?
: The trio could have survived, but at what
: I have tried to be balanced. I’m sure some
: may disagree. I posted on Rick’s board to
: hopefully contain any spleen that comes from
: this post.
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