According to the document, Bank of America is asking the Court to terminate the automatic stay in this case for two reasons. First, the debtor (Kelly G Rogers) intends on surrendering the Collateral (Denali) and Second, the debtor (Kelly Rogers) is using the Collateral and the Collateral is declining in value and will continue to decline in value but the Debtor (Kelly Gordon Rogers) is not making payments to Bank for his use of the Collateral or for the decline in value. Basically, they want to repossess the car.
According to the document, Kelly Rogers has a monthly payment of $1,176.69 and has defaulted on his August, September, October and November 2009 payments. The irony here is that Kelly Gordon Rogers owns a debt settlement company he incorporated as Takedown Debt Settlement, filed as Takedown LLC, on August 14th, 2009. This would indicate that he is an owner of this Debt Settlement Company. Is Kelly Rogers qualified to help others reduce their debts owed? Does it appear to be true based on the Bank of America action?
Since we exposed Kelly Rogers ownership in Takedown Debt Settlement, the website has converted to a password protected location. I wonder what they’re trying to hide?