Jump to content

David Kapp

Members
  • Posts

    6
  • Joined

  • Last visited

David Kapp's Achievements

DCP Rookie

DCP Rookie (1/3)

11

Reputation

  1. To Jeff, That is correct. 6. The past Bush administration, Mr. Morlot, was very good about making payments on the loan.
  2. Joe,

    Another thought. cause I ran out of space again.

    I could also put you in touch with Bushwacker's lawyer. I marched with her in the 80s. She worked on the case off-and-on this spring and summer, but dropped it in July when it became obvious that Mr. Gupta had no legal leg to stand on.

    David.

  3. HI Joe,

    Let me know if you wish to verify any details with my lawyer. Then I will let them know to expect a call or email from you. I do not want to bombard them with DDCP inquiries.

    David

  4. Joe, Clarify and verify. Good man. Contact me privately and I'll put you in touch with my lawyer to verify the facts. David Kapp A real live person using his real name on DCP
  5. I am sorry that it had to come to this. But I must also be fiscally responsible to myself.

    Best wishes,

    David Kapp

  6. Even when i was with Bush, there were multiple pleas to the alumni to help bail them out. These were typically met with little or no response.

  7. Joe,

    Thanks for keeping a positive mindset on the Bush thread.

    It is a tough situation. Unfortunately it is too little, too late. there are other creditors that will be at their door and satisfying my loan is only a small fraction of the total picture.

    David Kapp

  8. All, As "The Creditor" and as the "Past Administrator" in the factual and rumored matters under discussion in this thread, I will attempt to provide some clarification. 1. This is indeed a private matter between me and the Bushwackers 2. Any implied involvement of the Windsor Regiment in this matter is total falsehood. It is inflammatory and totally uncalled for. They are not involved in any way shape or form. The Windsor Regiment will not benefit one penny from this situation. 3. There is no personal animosity involved here. This is the final phase of a business transaction. It is me trying to protect myself financially within the US legal system. 4. The terms and payment schedule for my loan to the Bushwackers were determined in order to conclude all payments this month (September 2011). At a rate that would close out the principal and all accrued interest to date. (Just under 3 years) 5. The terms and schedule were set within boundaries that I could support for that term, not longer 6. The past Bush administration, Mr. Morlot, was very good about making payments on the loan. 7. Regardless of the condition of the Bushwackers organization, they found themselves in a position making it difficult to continue payments 8. I do NOT have the flexibility to extend the loan at a minimum payment level and accrue additional interest for another 1-2 years. This information was shared with the current corps director, Mr. Gupta in 2011. By myself and by my personal lawyer. 9. If I was a financial institution I would have been forced to move into foreclosure on the loan in October 2011. 10. Payments ceased after a 1/2 payment in Sept 2011. 11. My personal lawyer attempted to move things forward, from August 2011 through early 2012, but a resolution did not occur. 12. At that point my lawyer informed Mr. Gupta that our next step would be to move into litigation. 13. A litigator was retained in early 2012 and my case was drawn up and sent to court. 14. All subsequent actions were handled by the courts or Middlesex or Mercer Counties in NJ. According to their schedules and protocols. The timing of any court actions is totally out of my control. 15. I have had to carry the balance of the loan for almost a full year, plus the additional interest on the full amount of the remaining principal 16. Even if I receive a lump sum payment, I am still on the hook for thousands of dollars of interest, because the principal amount is at the ceiling for this type of a "Special Civil Part" court case. 17. Any other past or legacy financial matters or old debts to individuals, businesses or organizations, involving the Bushwackers are not part of this court case. My previous administrative position with the Bushwackers did not include the power to resolve any matters of this nature. 18. This is not a vendetta against the Bushwackers organization, as some folks have tried to paint it on Facebook or elsewhere. This is business. 19. This is not a vendetta against any individual(s) past or present from the Bushwackers. Again, as some folks have tried to paint it on Facebook or elsewhere. This is business. Respectfully submitted, David Kapp
  9. Athony & Sean, Looking forward to the show. Windsor Regiment will see you on July 2!!! David
×
×
  • Create New...