Bankrupt ‘Queen of Mobile Homes’ blames slide for faulty memory

Chimene Van Gundy cautiously crafted a general public persona as a prosperous purchaser and vendor of cellular houses before a judge appointed a receiver to choose manage of her New Braunfels firm and she submitted for personalized bankruptcy very last month.

But throughout a personal bankruptcy proceeding Thursday, she could not remember any individual deal she did to get persons to commit with her or that led to her getting recognised as “the Mobile Residence Millionaire.” She’s also identified as herself the “Queen of Mobile Houses.”

“I don’t try to remember any specifics correct now,” she advised San Antonio legal professional Leslie Luttrell, who represents many creditors in the personal bankruptcy. “I just know that I would locate mobile homes and take care of and flip them.”

That was 1 of about 100 moments Van Gundy, 45, informed the attorney and others she didn’t recall, remember or know the solution to a issue through her first conference with creditors.

In the course of the hour-and-45-minute proceeding in her Chapter 7 case, Van Gundy explained she sustained a mind personal injury late last yr soon after falling and hitting her head on a concrete desk at her home. She did not know what prompted the drop, but explained it is the motive for her memory issues.

The conference, which was performed by phone, was minimize short immediately after Van Gundy’s law firm explained she endured two seizures.

Many investors have stated they loaned hundreds of 1000’s of bucks to acquire and provide cellular houses only to have Van Gundy and her corporation — Exceptional Real Estate Options Inc. — renege on principal and fascination payments. They allege she ran a Ponzi scheme. The Securities and Exchange Commission is investigating.

On April 19, Comal County District Courtroom Decide Dib Waldrip appointed a receiver for the corporation. Section of the receiver’s occupation is to track down any property and protect what is remaining for collectors.

Van Gundy sought personal bankruptcy liquidation April 27, listing about $1.6 million in belongings and just about $353,000 in liabilities. Her home, valued at $1.5 million, and two autos account for most of her assets. She reported no economical assets.

Her company has not filed for bankruptcy.

Van Gundy has boasted she was part of a single marketing and advertising group’s distinctive “two comma club” for earning more than $10 million.

She’s at this time out of operate and amassing $600 a thirty day period in unemployment compensation, the court document displays.

Luttrell, the lawyer for lenders, requested Van Gundy through the assembly what happened to an offshore account that held $20 million worthy of of gold bullion as of Sept. 3.

“I do not know what you are speaking about,” Van Gundy stated. She denied ever obtaining these types of an account.

Right after Van Gundy explained she could not don’t forget when she bought her to start with mobile property, Luttrell replied, “You seem to be to have a terrific recollection on some issues and not on other points, so I’m just attempting to determine out what it is you don’t forget and what you do not don’t forget.”

Van Gundy appeared on the tv application “God-Created Millionaire TV” in March 2021, telling the host she experienced a detrimental web truly worth of $50,000 when she begun investing in cell households in 2015. She went on to make $1.2 million in about 16 months, she reported.

But requested Thursday about her overall look on the clearly show, Van Gundy reported she experienced no recollection of it or of recounting how she made so much money so promptly.

“If I do not don’t forget showing on the Television set clearly show, then I don’t recall something that was claimed, sir,” she replied to a issue from attorney Clayton Matheson, who represents some buyers.

He afterwards preferred to know where by much more than $2.3 million that Van Gundy borrowed on many genuine estate holdings — like her dwelling — experienced gone.

“Again, the dollars was for ORES,” she answered, referring to her business. “I are unable to discuss for ORES. I do not have the documents in my possession to know where by that went or what occurred to it.” She directed Matheson to speak with the company’s receiver.

The creditors meeting will resume June 23.

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