You can’t transfer the same 1/8 to a different company, but, you
can transfer 1/8th into 8 different companies.
each one files bankruptcy in term.
Now, what the bank can do to short circuit this.
Sell the mortgage to an LLC. Bankrupt the LLC,
this forces all the shells to come to Bankruptcy court
the Judge then says the only asset of this LLC is the mortgage on a
defaulted property, i order this property sold the bankruptcy court
does the sale, bypasses the shells, forces them into unsecured status
and the LLC gets the whatever it can get from the sale and
pays it’s debts to the Bank.
