Rocky's Aqua End of the Line

[windeguy]

The topic of how much the two guys "loved their mothers" or how much they "cared for their employees" are non sequiturs which are totally irrelevant to the outcome of what happens next. These are things people say to distract from the real issue at hand.

One man defaulted on an agreement with another man is all I can take away so far from this discussion. The man in default, I would expect, to lose any previous investments in the deal unless the agreement is now honored.

More should be known today if the court case was not postponed.

 

[cobraboy]

Rocky has signed a deal to lease the bar to a guy that plans to make it into a Mexican restaurant and keeping the current staff.

Interesting legal point that maybe someone familiar with Dominican law can clarify:

What are tenant contractual rights under landlord foreclosure, especially if the landlord had a reasonable knowledge of pending foreclosure and did not properly disclose and fully inform the potential tenant?

It seems that Rocky could lose it all, and Big Frank could have a new tenant softening the financial blow of foreclosure.

 

[chico bill]

Rocky has signed a deal to lease the bar to a guy that plans to make it into a Mexican restaurant and keeping the current staff.

Hopefully he hires real Mexicans to cook, that have the right salsas and fresh ingredientes.
If it's Dominicans trying to cook Mexican food then it won't be worth the walk down the beach.
Real Mexican food has rich flavor and is made with great pride. It's not a limp taco filled with ground beef and mayonnaise.

 

[windeguy]

Hopefully he hires real Mexicans to cook, that have the right salsas and fresh ingredientes.

Mexicans are going to magically appear in the DR with the right salsas and ingredients in their back pockets? One problem with any exotic foods here in the DR is that we live on the island that spice forgot. Most of what they need would have to be imported or find a way to grow it here.

If it's Dominicans trying to cook Mexican food then it won't be worth the walk down the beach.

Truer words not ever spoken. Same applies to any Asian cuisines.

Real Mexican food has rich flavor and is made with great pride. It's not a limp taco filled with ground beef and mayonnaise.

It will not be easy, but I hope it can be done. First, however, there needs to be some outcome settled. Recall that the renter was not Frank12's but Rocky's. Rocky may no longer have claim to the business, so we cannot put the burrito cart before the burro.

 

[Cdn_Gringo]

Since foreclosure is a legal process requiring the plaintiff to file a claim with the court, one would assume the purchaser in the DR would have received notice of the filing and at least a notice of the hearing date in advance. I do not believe there is anyway the purchaser could not have known the guillotine was being readied.

Nothing prevents the two parties from entering into a new contract but foreclosure returns the real property to the title holder in its entirety. It is not uncommon for the court to award some or all of the contents in the foreclosed property to the debtor if they own them outright, were not covered in the purchase agreement or their forfeiture was not requested by the property owner. If it was noted that the property was originally sold with a table and a chair, and subsequently foreclosed, the court will usually stipulate that the property revert to the previous owner with that exact table and chair or something comparable if the original assets are unavailable - if the court determines the party can reasonably comply . The seizure of assets is a mechanism to secure partial payment for the outstanding debt and to secure the assets within the property if a claim is being made against those as well. The disposition of those seized assets will be determined by the court in its final judgement.

 

[windeguy]

Since the place was essentially rebuilt after the sale, the details of what stays and what goes could clearly be in disputes that the lawyers would love to settle. Over time and over money.. Hopefully a quick resolution is achieved.

Any news after yesterday?

 

[chico bill]

It will not be easy, but I hope it can be done. First, however, there needs to be some outcome settled. Recall that the renter was not Frank12's but Rocky's. Rocky may no longer have claim to the business, so we cannot put the burrito cart before the burro.

My neighbor grows chilies and makes salsa. Cilantro, Onions, Carrots, lime and garlic are all available. So are tortillas and refried beans. Give a 50 year old Mexican woman one month here and she'd find, grow or make what she needs. The climate is right

Sent from my SM-A530F using Tapatalk

 

[Timotero]

Since ..............

Any news after yesterday?

I’ve had CNN on most of the day. Every time they say “BREAKING NEWS” I think their going to report the outcome. But so far.......nothing. (;-)

 

[oriole100]

Maybe Gordito's is going to move in. One can only hope.

 

[Cdn_Gringo]

Gordito"s is an example of a food place with a manageable menu and the products are consistently pretty good. However, for them, small is probably better. I suspect the number of tacos that can be sold each day is finite and they currently don't have to contend with naked people bathing in the bathroom sinks. Expanding to the beach strip will greatly increase Gordito's operating costs.

 

[Tarheel]

The word is Rocky has fired all his workers and will pay their liquidations. The reason he gave his employees is he didn't know how long the closure would be. My take is Rocky doesn't want to pay Frank the full amount so their lawyers will get fat and happy.

 

[SKY]

Just a great guy this Rocky is. Always looking out for the employees.

 

[frank12]

The word is Rocky has fired all his workers and will pay their liquidations. The reason he gave his employees is he didn't know how long the closure would be. My take is Rocky doesn't want to pay Frank the full amount so their lawyers will get fat and happy.

Yes, Lindsey, he paid all of their severance pay yesterday. The issues with him and Big Frank might go on for a long time, if not indefinitely. So, paying everyone their 10% severance wage is the way to do it.

Nothing wrong with that.

 

[frank12]

Just a great guy this Rocky is. Always looking out for the employees.

He is a good guy, Sky. You don't know him, nor have you ever met him. The best way to find out if he was good to his employees is simply ask any of them.

He's a good man. Always honest and fair.

His issue with Big Frank is a business issue.

 

[Tarheel]

Yes, Lindsey, he paid all of their severance pay yesterday. The issues with him and Big Frank might go on for a long time, if not indefinitely. So, paying everyone their 10% severance wage is the way to do it.

Nothing wrong with that.

I'm not judging who's right and who's wrong Frank. I just think it's a damn shame for the employees. The ones who were loyally working without complaint, a smile on their face and making a very modest living.

 

[frank12]

I'm not judging who's right and who's wrong Frank. I just think it's a damn shame for the employees. The ones who were loyally working without complaint, a smile on their face and making a very modest living.

I agree.

 

[windeguy]

So it's a business issue. Why would it take more than a few weeks to clear that up man to man instead of using the courts? A lack of knowledge of how the court system "works" here perhaps?

 

[jd426]

I am also confused .. If BOTH parties are " smart" guys why in the F would they want to let the Dominican Lawyers Bleed them, and nothing will get resolved anyway ... The last thing you want to do in the DR is get into a Business Dispute ,with those Cockroaches involved , taking their slice , which will be hefty .. just makes not sense .
Make a new Deal, and honor it on the spot ... done and done.
The Employees already lost .. there will be no winners here looking at it from the outside.

 

[william webster]

Most legal cases are as you describe....
Divorces, and on down (or up)

 

[Conchman]

Yes, Lindsey, he paid all of their severance pay yesterday. The issues with him and Big Frank might go on for a long time, if not indefinitely. So, paying everyone their 10% severance wage is the way to do it.

Nothing wrong with that.

Whats a 10% Severance Wage?