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The point is that, before the bike was collected and put up for auction, the debtor could have sold the bike to pay the debts. Then, once the bike was put up fo
by hippo22 11mo ago
The point is that, before the bike was collected and put up for auction, the debtor could have sold the bike to pay the debts. Then, once the bike was put up for auction, buyers could have bid on it if it was really worth more.
Multiple people in this story had a financial incentive to profit from the bike, yet no one did. The only evidence we have of the bike's value is OP's claim. Does it not seem more likely that OP is simply wrong about the bike's value?
- bccdee 11mo ago> the debtor could have sold the bike to pay the debts …so clearly the bike was worth more to them than its cash value. Again: They probably needed that bike for work. Losing their job will easily cost them more than $400. > yet no one did. The bailiff did, and the buyer did, and they were the only parties with agency in the situation. Doesn't surprise me.
- hippo22 11mo ago[flagged]
- Survived 11mo agoDude, some skeezy used car salesman type bought the bike and made a 350 pound profit. Literally no one involved cared about getting the best price except the bottom-feeders attending the auction.