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Chimene Van Gundy, a New Braunfels businesswoman who has touted making millions by buying and selling mobile homes, filed for Chapter 7 liquidation Wednesday. The filing came eight days after a judge appointed a receiver over her company and personal finances.

Chimene Van Gundy refers to herself as the “Queen of Mobile Homes” and “the Mobile Home Millionaire.”

New Braunfels-based Outstanding Real Estate Solutions Inc. borrowed money from investors to buy and sell mobile homes. Some investors allege they have not been paid the principal and interest on their loans.

Chimene Van Gundy, a New Braunfels entrepreneur who has boasted about making millions from buying and selling mobile homes, has gone bankrupt.

She’s referred to herself as the “Queen of Mobile Homes” and the “the Mobile Home Millionaire,” buying, repairing and selling more than 600 mobile homes in 17 states. She also has said she owns dozens of mobile-home parks.

In recent months, however, Van Gundy and one of her companies have been hit with multiple lawsuits by investors who allege she’s been operating a fraudulent mobile-home investment scheme.

Van Gundy filed for Chapter 7 liquidation Wednesday in U.S. Bankruptcy Court in San Antonio, listing less than $50,000 in assets and debts in the range of $100,000 to $500,000.

Investors say she reneged on promises to pay them back principal and interest on money they loaned her company to buy mobile homes. The Express-News chronicled Van Gundy’s legal troubles in an article that appeared online just hours before her bankruptcy filing.

On ExpressNews.com: ‘Queen of Mobile Homes’ accused of running a Ponzi scheme

Five individuals and two companies based in California allege in their lawsuit in Comal County district court that Van Gundy has been operating a Ponzi scheme — intending to repay investors with new loans from other “unsuspecting individuals.”

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

David Jed Williams and Clayton Matheson, San Antonio lawyers for the plaintiffs, argued that assets were in danger of being lost without a receiver taking control.

During an April 19 hearing, ORES’s operations director Meagan Dockens testified she didn’t know where the company maintained its bank accounts and that it had no current financial records.

“Everything I’ve heard is like the arrow is now with neon lights” for appointing a receiver over ORES and Van Gundy, Waldrip said after Dockens’ testimony.

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Waldrip appointed certified public accountant Charles H. Adams 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 letter filed with the court that as a result of her injuries, Van Gundy has “significant deficits” in memory, attention and concentration.

Van Gundy is “mentally incapable of giving legal testimony,” said Wong, though he added she was able to continue working full-time. Her lawyer told the judge Van Gundy risked having an epileptic seizure if she testified.

Van Gundy didn’t attend the hearing but was in the courthouse, using a walker to get around.

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Her bankruptcy filing gave no details on her assets, liabilities or income. The petition said she has up to 49 creditors.

It’s the second time Van Gundy has filed for bankruptcy. In 1997, she and her husband at the time filed a Chapter 13 reorganization in Georgia.

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

Michael Morris, a New Braunfels lawyer who has been representing Van Gundy and ORES in litigation, filed court papers Wednesday to withdraw as their counsel.

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

James Wilkins, Van Gundy’s bankruptcy lawyer, didn’t immediately respond to a request for comment.

Patrick Danner is a business reporter for the San Antonio Express-News.