The Queen of Mobile Homes has gone bankrupt in San Antonio

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Chimene Van Gundy, a New Braunfels entrepreneur who boasts he’s made millions buying and selling mobile homes, has gone bankrupt.

Referring to herself as the “Queen of Mobile Homes” and “The Mobile Home Millionaire,” she buys, repairs, and sells more than 600 mobile homes in 17 states. She has also said that she owns dozens of RV parks.

However, in recent months, Van Gundy and one of her companies have been hit by several lawsuits from investors who claim she ran a fraudulent mobile home investment scheme.

Van Gundy filed for Chapter 7 liquidation in the US bankruptcy court in San Antonio on Wednesday, listing less than $50,000 in assets and liabilities ranging from $100,000 to $500,000.

Investors say she failed to keep her promises to repay principal and interest on money they loaned her company to buy mobile homes. The Express-News chronicled Van Gundy’s legal woes in an article that appeared online just hours before she filed for bankruptcy.

Five California-based individuals and two corporations allege in their Comal County District Court lawsuit that Van Gundy operated a Ponzi scheme with the intention of repaying investors with new loans from other “unsuspecting individuals.”

Van Gundy filed for bankruptcy just eight days after California plaintiffs convinced Judge Dib Waldrip to appoint a bankruptcy trustee to take over her Outstanding Real Estate Solutions Inc. (ORES) business and personal finances.

David Jed Williams and Clayton Matheson, attorneys for the San Antonio plaintiffs, argued that assets were at risk of being lost without a trustee taking control.

During an April 19 hearing, ORES chief operations officer Meagan Dockens testified that she did not know where the company held its bank accounts and that it did not have current financial records.

“All I’ve heard is like the arrow now with neon lights” for the appointment of a receiver about ORES and Van Gundy, Waldrip said after Dockens testified.

Waldrip appointed chartered accountant Charles H. Adams as receiver.

Making matters worse for Van Gundy, 45, she fell in late December and suffered a concussion.

dr Andrew Wong of Neuromuscular & EMG Specialists of Texas said in an April 14 court filing that Van Gundy had “substantial deficits” in memory, attention and concentration as a result of her injuries.

Van Gundy is “not mentally fit to make a legal statement,” Wong said, although he added that she could continue to work full-time. Her attorney told the judge Van Gundy risked having an epileptic seizure if she testified.

Van Gundy did not attend the hearing but was inside the courthouse and used a walker to get around.

Her bankruptcy filing did not include details of her assets, liabilities, or income. According to the petition, she has up to 49 creditors.

This is the second time Van Gundy has filed for bankruptcy. In 1997, she and her then-husband filed a Chapter 13 reorganization in Georgia.

In a Chapter 7 liquidation, a debtor’s assets may be sold for the benefit of creditors. Bankruptcy filings generally put all pending litigation against a debtor on hold.

Michael Morris, a New Braunfels attorney representing Van Gundy and ORES in litigation, filed court papers Wednesday to resign as their attorney.

Morris indicated that the interests of Van Gundy and ORES “could prove adverse” with the appointment of the receiver, so his continued representation of both would be “unethical”.

James Wilkins, Van Gundy’s bankruptcy attorney, did not immediately respond to a request for comment.

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