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Sikes' Financial Situation?

Discussion in 'Prius, Hybrid, EV and Alt-Fuel News' started by web1b, Mar 15, 2010.

  1. web1b

    web1b Active Member

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    There are a lot of stories saying he filed bankruptcy, has $700-800,000 in debt and was 5 months behind on his Prius payments (meaning car was up for repo at that point).

    If he filed bankruptcy, doesn't that mean his $700K debt is now cleared and doesn't have to repay it?
    His lawyer denies Sikes is behind in the Prius payments.

    What is the true state of his finances?
     
    #1 web1b, Mar 15, 2010
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  2. a1a1a1

    a1a1a1 Member

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    I am more curious where the sources of this information originated. It seems to me the guy's finances don't really have a bearing on how his car runs.
     
    #2 a1a1a1, Mar 15, 2010
  3. qbee42

    qbee42 My other car is a boat

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    Not at all. It does, however, have a bearing on motive.

    Just as a big insurance policy doesn't prove that someone killed their spouse, it does cast suspicion.

    Tom
     
    #3 qbee42, Mar 15, 2010
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  4. Creaky

    Creaky Still motorin...

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    Re: Sikes on Facebook?

    And now we have someone posing as Mr. Sikes on Facebook...

    Jim Sikes | Facebook
     
    #4 Creaky, Mar 15, 2010
  5. web1b

    web1b Active Member

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    It has plenty to do with likelihood for false claims.
    Even without suing Toyota, if people were sympathetic to a believable story, he could use the publicity to make cash from a spike in business for his real estate business and donations towards getting a new car.
    Some other car company might donate him a new car just for the publicity of it.
    If he was heavily in debt, he might be looking for a way to get his Prius bought back from Toyota rather than having it repoed.
     
    #5 web1b, Mar 15, 2010
  6. web1b

    web1b Active Member

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    Re: Sikes on Facebook?


    There was another (maybe real) Jim Sikes Facebook page a few weeks ago that was closed. The link was dead.
     
    #6 web1b, Mar 15, 2010
  7. halfmoonray

    halfmoonray New Member

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    if he lied, i hope he gets sued and goes to jail like the balloon dad
     
    #7 halfmoonray, Mar 15, 2010
  8. Felt

    Felt Senior Member

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    I suspect it has more to do with motive. Sikes has established "evidence" that would enable him to join in a class-action suit against Toyota.
     
    #8 Felt, Mar 15, 2010
  9. djasonw

    djasonw Active Member

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    I wonder if Sikes ever got paid from the insurance company for the robbery he claimed occurred at his residence. I understand he had $24k in cash and the remainder was tangible goods. The guy is a CROOK!!!!! I hope he goes to San Quentin and shares a cell with Scot Peterson. Oh wait... that's death row... guess they wouldn't shack him up with that guy.
     
    #9 djasonw, Mar 15, 2010
  10. 32kcolors

    32kcolors Senior Member

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    Some companies do credit checks on their prospective employees, yet one can argue their finances have no bearing on their job performance.
     
    #10 32kcolors, Mar 15, 2010
  11. 32kcolors

    32kcolors Senior Member

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    #11 32kcolors, Mar 16, 2010
  12. Lamboalex

    Lamboalex Hyper-Miler in training

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    Re: Sikes on Facebook?

    Friend request sent!
     
    #12 Lamboalex, Mar 16, 2010
  13. Chuck.

    Chuck. Former Honda Enzyte Driver

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    For the last couple of days, his site is offline: www.pattyandjimsikes.com/

    Yes - it's THAT Jim Sikes and wife for his relator business.

    Don't know if it's everybody trying to go there, investigation, etc.

    Thinking about it - I probably would not have posted his site if it was up.
     
    #13 Chuck., Mar 17, 2010
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