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💰 Inside the Wild World of Bankruptcy: Llamas, Pharmacies & Liquidation | With Rodd Newhouse

Description:
In this episode, Sven Nelson — “The Guy That Gets You Paid” — sits down with Chapter 7 Bankruptcy Trustee Rodd Newhouse to dive into the fascinating world of bankruptcy cases, asset liquidation, and debt recovery.

Rodd shares some of the most unusual and challenging cases he’s handled — from abandoned pharmacies full of prescription drugs, to movie theaters stocked with alcohol, to even llama farms left behind after bankruptcy. As a trustee, Rodd’s job is to understand each business inside and out before deciding how to liquidate assets and recover funds for creditors.

Sven draws parallels between Rodd’s role and his own experience in debt collection and financial recovery, highlighting how both professions rely on deep business knowledge and strategic patience.

Rodd also opens up about his background — inspired by his father, who was also a Chapter 7 Trustee — and shares valuable insights on 401(k) shutdowns, wage reclamation, and why patience and persistence are the trustee’s greatest tools.

If you’re interested in bankruptcy law, financial recovery, debt collection, or asset liquidation, this conversation is packed with lessons, stories, and insider knowledge you won’t hear anywhere else.

📈 Topics Covered:

What a Chapter 7 Bankruptcy Trustee actually does

Real-life bankruptcy case stories (pharmacies, theaters, farms & more)

How asset liquidation works in Chapter 7 bankruptcy

Lessons in patience, investigation, and financial strategy

Insights into debt collection and business recovery