Business Bankruptcy Law | Small Business Bankruptcy Laws

If the couple has separate bank accounts, if one spouse has to give a personal guarantee for their small business and has to file bankruptcy, will the other spouse loose their assets?
It seems like there is no real answer. There community assets, but according to this article there was a ruling where you can’t go after the spouse.
http://library.findlaw.com/1998/Jul/1/129372.html

Does the actual cash value of contents lost in a house fire money count as an asset if one is applying for senior housing? How about bankruptcy, would it have to be declared as an asset if its purpose is to replace belongings lost.? Is it taxable? ANd are there any othre restrictions if the recipient decides not to replace some of the contents (moving into smaller quarters with no need to replace every piece of furniture, is it ok to use that money for another purpose? Thank you to any of you knowlegeable people who may have some insight on this, I dont want to make any mistake, and its not something u want to ask just anyone, it is not most peoples business. Thanks again for any insight your knowlege can offer me…

They blame bankruptcy and say China will screw us. (that is the biggest bull I heard) With these radical cuts Education will go to hell and more dropouts will be made. Also these cuts will lead us into a Big Business nightmare and with the cuts and smaller government they will be pigs and lead us into a depression.

Explain Yourself

I thought I was paying my tax person not to make mistakes. So now I have to pay for her mistakes?

Is there any way I can ask her to pay my back taxes? Or ask for the money back that I paid her to do my taxes?

I am a small business owner and I may have to file for bankruptcy because of this mistake.
What do you mean by penalties? Does the government charge interest or late penalties on back taxes?
I didn’t ask if the tax preparer was obligated, I asked if I could ask for them to pay. When I do ask, what should I say to make them feel more obligated to pay?

TOPIC: Civil lawsuit and Enforcement of a judgment thru a "LEVY"? Search and seizure. Exactly how does this work?

INTRO: my cousin owns his own business, but got sued by a larger company who is a known bully in the field and basically accuses small companies for stuff they didn’t do because the judge in his town is "buddy buddy" with them, i don’t know the arrangement and can’t prove it), but they basically swoop up the entire market share in his field one-by-one by knocking off these small companies with bogus claims in high courts. He couldn’t afford an attorney but they brought 4 of them as they do in all their cases apparently. Here’s my question:

QUESTION: He lost the case and it’s some ridiculous amount he’ll never be able to afford. It’s going to destroy his life and his family’s, but he doesn’t want to have to file bankruptcy (for a number of reasons…at least yet). He was asking what happens if he doesn’t/can’t pay and they sell the judgment to a collection agency/lawyers who specialize in capital recovery and the like. He doesn’t own any property but has built up a sucessful online company from his apartment and is the most honest, hardworking guy I’ve ever known. His company is popular because of his line of products and his customer service but he’s only been doing it for 8 years (I never see him anymore). He has 3 kids he’s trying to put through college. However, If the civil judgment is for a crazy amount (5,000) and he owns no property except what’s physically "in" his apartment, once the lawyers sick the collections agency on him, he and his family are worried that the same judge will just sign off on anything they put in front of him, based on the case so far. Their fear is that the lawyers will just get get a lien on his business (auction it off, even if no property, auction of the trademarks and all that stuff he’s worked hard to build) and bring it over to their company like they’ve done with the other lawsuits.

From his research his fear is that they will get a search and seizure (not sure the term) and go in and take ALL his family’s stuff (we know there are exemptions), but like take his safe etc which has all his trade secrets and kid’s future college tuition. He knows not to put it in the bank because they could levy it all in one day. If they don’t know he has a safe per se, WHAT IS IT CALLED (AND EXACTLY HOW FAR CAN THEY GO) can they get some sort of "general" lien/search and seizure where they can go in (knock or barge in–don’t know) and take anything "of value" / to pay back that civil judgment where they then sell it at auction? Do they "have" to have items named, like safe, or can it just be "go in and get anything over a certain value". We all know/have seen those public auctions wher they’ve gone in and levied (???) people’s stuff. He’s renting his apartment with his wife, their 3 kids, and his wife’s brother in-law who recently lost his job and they took him in.

Sorry for writing too much, so basically this question is about enforcement of a levy (other than bank/paycheck because he works for himself). Just need to know can they levy what’s in his apartment, do they have to knock, does the search and seizure (not sure what it’s called in this case) have to "specify" items that can be taken (can items even be taken?), auction them, etc. Also (another question) can they just slap a notice on his front door and auction off his business? (you know who will be there to buy it too). Also, is it the local marshalls who do this? What kindof paperwork would they need? Whatever detail you can provide would really help. Thanks so much.
J.D.–Nice try (actually REALLY nice try) but the problem is the type of lawyers who participate in this type of behavior (actually any/every type of copyright lawyer) are the same types of lawyers who immediately whip out "FRAUDULENT TRANSFER" body of law in all its beauty. Then the court just says it’s still really yours, so you’re little IOU trick doesn’t hold water in the end. Like I said, nice try. We’ve all thought of that one. Yes, people do it all the time, doesn’t really work unless your attorney is in 5yo or something. In fact, one of the "badges of fraud" is that the purchase amount is not commensurate with the value (ie ""). Still it’s the best answer, and will probably remain the best answer). A second "badge of fraudulent conveyance" is when you sell it to a "closest family member". There are many. The "average Joe" doesn’t know about them, but then again, the average Joe isn’t CEO, and if he is, no one really wants his business in a "hostile takeover" / back door type

For this problem, carry at least four digits after the decimal in your calculations. Answers may vary slightly due to rounding.

The National Council of Small Businesses is interested in the proportion of small businesses that declared Chapter 11 bankruptcy last year. Since there are so many small businesses, the National Council intends to estimate the proportion from a random sample. Let p be the proportion of small businesses that declared Chapter 11 bankruptcy last year.
(a) If no preliminary sample is taken to estimate p, how large a sample is necessary to be 98% sure that a point estimate will be within a distance of 0.09 from p? (Round your answer up to the nearest whole number.)
1 small businesses
***Answer is: 164
(b) In a preliminary random sample of 30 small businesses, it was found that eight had declared Chapter 11 bankruptcy. How many more small businesses should be included in the sample to be 98% sure that a point estimate will be within a distance of 0.090 from p? (Round your answer up to the nearest whole number.)
part A is 168, not 164)

Here are the details of our divorce:

We have only been married three years. I own the house in my name only, which I bought six months before we got married.

We have no children.

She left me and abandoned me. She cheated on me. The state where I live is a no-fault divorce state. (Contrary to my username, I don’t live in California.)

We are nearly broke now. I have tons of credit card debt now as I tried to start a small business and haven’t had much income for a while now. The credit card debt was run up by both of us, as most of the debt is a result of not having enough income. About ,000 of the debt is hers from a previous credit card. About ,000 is from my business. There is a lot more credit card debt from both of us.

If things continue as they have been, I’ll wind up in bankruptcy and foreclosure in about a year. I recently went back to work full-time, and I am trying to make enough money to continue paying the mortgage every month.

If I hire an expensive attorney, I’ll wind up in bankruptcy from all of the attorney fees.

If we can keep things agreeable, then I think we might be able to file a cheap divorce and just get it over with.

I’m fine taking on the debt if I don’t have to short sale my home or foreclose on the home.

I found out recently that my wife was hiding some money in another bank account from a 401K from her old job. It was roughly 00. I never saw this money until we lost 0 in our tax return this year from paying taxes on it. My wife also ran up thousands of dollars in prescription drug bills and medical procedures she didn’t need.

Our finances are still joined right now with a joint bank account and one credit card.

While I think she should be stuck with some of the debt, I would rather just get it over with. She has nearly destroyed my life and almost completely destroyed our finances.

What do you think? Should I hire a lawyer and go after her, or just try to be amicable and get out as fast as I can? What liabilities may I be subjecting myself to if we try to do it cheap?
I’ve heard you can’t close a joint checking account if both people aren’t there together.

I personally own 4 properties. Each of these are in my name. I have a private loan set up from a hard money lender on each of these properties. one of them is my main residence. The others are rented out. I use the money from the renters to pay the lender. He is a nice guy, and will let the loan ride out as long as I need to. I’ve been working with him for years. I’ve borrowed on each of these homes about half of their value. But through the years, the prices/equity has been cut down, so now there is probably only about 10K profit on each house.

On top of these 4 houses, I have 3 homes that are currently in my name as well, but I am working on remodeling/reselling. My dilemma is complex. I have two other business partners. My dad, and my husband. We’ve never had problems working together, its just we’ve run into problems in the finance dept. Currently, we have a business account for the three of us. We only have enough money for our business to run for one more month. Currently, our bills run about 9K a month. We’re waiting for a house to sell, its valued at 80 but we’re trying to take ANYTHING that will keep us going…so maybe around 60/etc….I dont even know exactly what we’ll take for it, or if it’ll even sell b/c of the economy. We’re trying to pull a loan on it instead to keep things going. But the problem with that, is that we have to use the money we’re going to pull on a loan to remodel another property (we’ll call property #2). We already pulled an 80K loan on property #2 for 80K but its coming in two draws. We spent the first draw on business expenses to keep the business running, and as soon as we spend 20K on the house #2 (its a big time fixer in the napa, ca vacation community) we can get the second draw of 40K, of which, we will have to spend maybe 30K on the house.

All and all, this is the worst case scenario we’ve ever been in. We even have a small rinky dink house #3 tied into the loan of house #2 to protect the investors. House #3 is only worth about 20K….thats why we didnt mind backing it against the other one.

On top of worrying if we’re going to have enough money to survive financially, once we get the napa vacation house (#2) on the market, we dont even know if it will sell at a low/fair market price. We just want to get rid of the house and get rid of the loan and hope to keep business going with the bills.

Also where it gets weird, and concerning the bankruptcy talk….there is an attorney who I owe some money to. At first he was kind, we got along great, and he saw a lot of potential in myself, the business that I do. A few years ago I was needing money so he lent me 20K at 80% interest. I knew that where I placed the money would help me to continue working, and would be worth it in the long run. It was….its just, I havent paid him back yet, so he’s already made about 20K off of the loan, and im continuing to pay him 1,200 per month of interest. He tacked on an old attorney bill from his other firm, but at one point he said he discounted it, but now he’s charging me again. All and all, and please, without judgement of me or him, nothing has been written on paper, and I know there is that saying that a verbal contract is as good as the paper its written on. So all an all. He’s screwing me in several ways. He practically ‘but kindly’ demands that I send several leads to him, to where he’ll make 50-100 on residential properties that are sent his way by ME.

The positions for goes as follows:
My dad has been in charge of the finances and working with the attorney.
My husband has been doing the computer work and finding leads
I have the bank account in my name, go to court, and use MY name on EVERYTHING. Everything that we do between the three of us is open for all 3 of us to see on paper. There is no money laundering or anything strange between us. We are all best friends.

I am just REALLY REALLY freaking stressed. Mainly because I am so young, and worry about my future. If I were to file bankruptcy couldnt I put the houses in a trust or my sisters name and bankrupty off the attorney? I know its ridiculous but we dont even know how much we owe him. It could be 50K or it could be 100K.

If the business fails, what precautions can I take before hand??? I may only have a month or two before it hits the fan….I was thinking of opening a second bank account at another bank, it case we go broke with the one, and get into check systems, at least i’d have another account, b/c once you go into it you cant open another account. Im so scared. And not that I want to make this a focal point of my storyline, but my dad has a 400K life insurance policy. He said that if something ‘happened to him’ and he died, we would get it. Im worried about our business, my ‘name’ in general, losing my family, my future….im stressed and need advice. On ANYTHING. Im young and fragile righ

I personally own 4 properties. Each of these are in my name. I have a private loan set up from a hard money lender on each of these properties. one of them is my main residence. The others are rented out. I use the money from the renters to pay the lender. He is a nice guy, and will let the loan ride out as long as I need to. I’ve been working with him for years. I’ve borrowed on each of these homes about half of their value. But through the years, the prices/equity has been cut down, so now there is probably only about 10K profit on each house.

On top of these 4 houses, I have 3 homes that are currently in my name as well, but I am working on remodeling/reselling. My dilemma is complex. I have two other business partners. My dad, and my husband. We’ve never had problems working together, its just we’ve run into problems in the finance dept. Currently, we have a business account for the three of us. We only have enough money for our business to run for one more month. Currently, our bills run about 9K a month. We’re waiting for a house to sell, its valued at 80 but we’re trying to take ANYTHING that will keep us going…so maybe around 60/etc….I dont even know exactly what we’ll take for it, or if it’ll even sell b/c of the economy. We’re trying to pull a loan on it instead to keep things going. But the problem with that, is that we have to use the money we’re going to pull on a loan to remodel another property (we’ll call property #2). We already pulled an 80K loan on property #2 for 80K but its coming in two draws. We spent the first draw on business expenses to keep the business running, and as soon as we spend 20K on the house #2 (its a big time fixer in the napa, ca vacation community) we can get the second draw of 40K, of which, we will have to spend maybe 30K on the house.

All and all, this is the worst case scenario we’ve ever been in. We even have a small rinky dink house #3 tied into the loan of house #2 to protect the investors. House #3 is only worth about 20K….thats why we didnt mind backing it against the other one.

On top of worrying if we’re going to have enough money to survive financially, once we get the napa vacation house (#2) on the market, we dont even know if it will sell at a low/fair market price. We just want to get rid of the house and get rid of the loan and hope to keep business going with the bills.

Also where it gets weird, and concerning the bankruptcy talk….there is an attorney who I owe some money to. At first he was kind, we got along great, and he saw a lot of potential in myself, the business that I do. A few years ago I was needing money so he lent me 20K at 80% interest. I knew that where I placed the money would help me to continue working, and would be worth it in the long run. It was….its just, I havent paid him back yet, so he’s already made about 20K off of the loan, and im continuing to pay him 1,200 per month of interest. He tacked on an old attorney bill from his other firm, but at one point he said he discounted it, but now he’s charging me again. All and all, and please, without judgement of me or him, nothing has been written on paper, and I know there is that saying that a verbal contract is as good as the paper its written on. So all an all. He’s screwing me in several ways. He practically ‘but kindly’ demands that I send several leads to him, to where he’ll make 50-100 on residential properties that are sent his way by ME.

The positions for goes as follows:
My dad has been in charge of the finances and working with the attorney.
My husband has been doing the computer work and finding leads
I have the bank account in my name, go to court, and use MY name on EVERYTHING. Everything that we do between the three of us is open for all 3 of us to see on paper. There is no money laundering or anything strange between us. We are all best friends.

I am just REALLY REALLY freaking stressed. Mainly because I am so young, and worry about my future. If I were to file bankruptcy couldnt I put the houses in a trust or my sisters name and bankrupty off the attorney? I know its ridiculous but we dont even know how much we owe him. It could be 50K or it could be 100K.

If the business fails, what precautions can I take before hand??? I may only have a month or two before it hits the fan….I was thinking of opening a second bank account at another bank, it case we go broke with the one, and get into check systems, at least i’d have another account, b/c once you go into it you cant open another account. Im so scared. And not that I want to make this a focal point of my storyline, but my dad has a 400K life insurance policy. He said that if something ‘happened to him’ and he died, we would get it. Im worried about our business, my ‘name’ in general, losing my family, my future….im stressed and need advice. On ANYTHING. Im young and fragile righ

I personally own 4 properties. Each of these are in my name. I have a private loan set up from a hard money lender on each of these properties. one of them is my main residence. The others are rented out. I use the money from the renters to pay the lender. He is a nice guy, and will let the loan ride out as long as I need to. I’ve been working with him for years. I’ve borrowed on each of these homes about half of their value. But through the years, the prices/equity has been cut down, so now there is probably only about 10K profit on each house.

On top of these 4 houses, I have 3 homes that are currently in my name as well, but I am working on remodeling/reselling. My dilemma is complex. I have two other business partners. My dad, and my husband. We’ve never had problems working together, its just we’ve run into problems in the finance dept. Currently, we have a business account for the three of us. We only have enough money for our business to run for one more month. Currently, our bills run about 9K a month. We’re waiting for a house to sell, its valued at 80 but we’re trying to take ANYTHING that will keep us going…so maybe around 60/etc….I dont even know exactly what we’ll take for it, or if it’ll even sell b/c of the economy. We’re trying to pull a loan on it instead to keep things going. But the problem with that, is that we have to use the money we’re going to pull on a loan to remodel another property (we’ll call property #2). We already pulled an 80K loan on property #2 for 80K but its coming in two draws. We spent the first draw on business expenses to keep the business running, and as soon as we spend 20K on the house #2 (its a big time fixer in the napa, ca vacation community) we can get the second draw of 40K, of which, we will have to spend maybe 30K on the house.

All and all, this is the worst case scenario we’ve ever been in. We even have a small rinky dink house #3 tied into the loan of house #2 to protect the investors. House #3 is only worth about 20K….thats why we didnt mind backing it against the other one.

On top of worrying if we’re going to have enough money to survive financially, once we get the napa vacation house (#2) on the market, we dont even know if it will sell at a low/fair market price. We just want to get rid of the house and get rid of the loan and hope to keep business going with the bills.

Also where it gets weird, and concerning the bankruptcy talk….there is an attorney who I owe some money to. At first he was kind, we got along great, and he saw a lot of potential in myself, the business that I do. A few years ago I was needing money so he lent me 20K at 80% interest. I knew that where I placed the money would help me to continue working, and would be worth it in the long run. It was….its just, I havent paid him back yet, so he’s already made about 20K off of the loan, and im continuing to pay him 1,200 per month of interest. He tacked on an old attorney bill from his other firm, but at one point he said he discounted it, but now he’s charging me again. All and all, and please, without judgement of me or him, nothing has been written on paper, and I know there is that saying that a verbal contract is as good as the paper its written on. So all an all. He’s screwing me in several ways. He practically ‘but kindly’ demands that I send several leads to him, to where he’ll make 50-100 on residential properties that are sent his way by ME.

The positions for goes as follows:
My dad has been in charge of the finances and working with the attorney.
My husband has been doing the computer work and finding leads
I have the bank account in my name, go to court, and use MY name on EVERYTHING. Everything that we do between the three of us is open for all 3 of us to see on paper. There is no money laundering or anything strange between us. We are all best friends.

I am just REALLY REALLY freaking stressed. Mainly because I am so young, and worry about my future. If I were to file bankruptcy couldnt I put the houses in a trust or my sisters name and bankrupty off the attorney? I know its ridiculous but we dont even know how much we owe him. It could be 50K or it could be 100K.

If the business fails, what precautions can I take before hand??? I may only have a month or two before it hits the fan….I was thinking of opening a second bank account at another bank, it case we go broke with the one, and get into check systems, at least i’d have another account, b/c once you go into it you cant open another account. Im so scared. And not that I want to make this a focal point of my storyline, but my dad has a 400K life insurance policy. He said that if something ‘happened to him’ and he died, we would get it. Im worried about our business, my ‘name’ in general, losing my family, my future….im stressed and need advice. On ANYTHING. Im young and fragile righ

ok. where to start. It seem everyone just hates me. I guess its my appearance. I’m not a tall guy. on the short side. Im also dark skinned. I know, what a turn off right! Anyways, It seems everyone in my class hates me. You see, they are all tall and very very very good looking. Not to mention very rich students. I don’t know what my fault is. I dont dress well, but i will get back to this. Even the teacher hates me! pass stupid comments that I can hear very clearly I know im not being very clear. im sorry.

Ok I used to owned a small deli for many years. I was doing roughly 30k a month. It was just me and a cook. almost a one man show. I went bankrupt two months ago. After that I lost interest in life. So im in school passing time….im not the confident type. But i know that none of those students will every see 30k a month in their lifetime nor will that teacher.

I have been alone for most of my life, my parents died in a car accident 4 days after i was born. its been a hard life, i started moving weight from nj to ny by 16. I cant even express myself. im finished.

I never worried about these thing before bankruptcy. I know the way I think is wrong. I never spoiled myself during my rise, sumtimes even spent the night my deli closed watching tv till breakfast. I’m not judging any1 of my classmates, but Ive been in business for too long. I know whos a crook and whose not. So here I am on on Yahoo Answers…..

********im not saying im better than anyone********
I worked hard to make that kind of living. Its the attitude those classmates project that says "i got it made"
**************************************…
I had to repost!!!!!! If you are a young college kid, please do not tell me "u never made 30k or u wouldn’t go bankrupt. I dont know business" listen, Me and the Director of KFC were talking about KGC 17 yrs ago.

….If they never signed a contract or any kind of written agreement?

My grandfather loaned his sister’s grandson, Zach,(my second cousin) a loan of twenty thousand dollars. He claimed he was going to better his life by taking flying lessons to become a pilot. He convinced my Papaw that this was basically a "education" loan. My grandfather, being the generous and giving person he is lent him the money and set up a payment plan with Zach to get the money back over time. This was in April of 2009. My Papaw was diagnosed with cancer in June 2009 and passed away in November 2009. Zach made payments until November 2009, when my Papaw passed away.

Before my Papaw passed, he told my aunt (which is over his estate) to make sure that Zach keeps making payments. Now Zach has become extremely disrespectful to our immediate family. He doesnt make any payments, he doesnt return calls or texts and he gloats and posts pictures of a new small business he has opened on Facebook. My aunt even met with him and lowered his payment so he would be able to pay.

So what I am wanting to know is, without having any written agreement between Zach and my grandfather, can we take him to court to get the money back?

Also another detail is today we ran into him at the bank and he said "I just filed bankruptcy, my lawyer should be in contact with you"

Ever since my college years been into credits, financing books, and businesses which didn’t pay off. My plan was that after school I’ll be able to get a good paying job and pay the debt but have not been able to till now. In fact, I have never made enough money to save enough to pay the 65,000 dollars I owe all together. I have always work two jobs , sometimes three, and with my wife we live to pay bills with no vacation , no nothing. I am getting tired. I have an equity loan of 30,000 ; 20,000 in credit cards; and 15,000 in federal students loan which I must pay. I own a small condominium with no equity on it. So, What do you suggest?

Please I really need ideas from teens, parents, grandparents, anyone who has some good idea’s. My nephew Ryan is turning 14 and we cannot be there with him.
Gifts or gift cards (are those good ideas?) anything that can be sent overnight or express is great.
I will tell you a little of what’s happening in my nephew Ryan’s life right now and his worries because it may help to know why his 14th birthday will be tougher than any others he’s had.
Please know I am not mentioning this for sympathy or pity or anything like that but for help just to get him something – one day without worry would be great- but we cannot do that so any ideas about something special that he might love would be really appreciated.
This is Ryan’s last birthday at home since my his mom who is my sister become ill (she has lost the use of both hands and arms-they keep thinking it’s one thing then another 2 surgeries later no answers) and had to stop working. My brother-in law re-builds cars and also builds hot rods that sort of thing. His work is awesome and he’s doing it this work since about he was 15. With his 26+ experience they call him first when they can for jobs but no one really is putting anything together or getting cars repaired either due to the economy so he picks up whatever work he can find. Their house is going through foreclosure and as much as tried not to they have had to declare bankruptcy. Blessedly they do have a place to go though.
Ryan is also worried because or other problems that are going on such as his maternal Grandparents lost their home recently to foreclosure after 22 years there and also had to go through bankruptcy in order to save the small business they have. His paternal Grandparents also lost there home to foreclosure and went though bankruptcy because of severe health problems and his Grandmother has recently became blind do to an illness no one knew about. Because as with everyone I know and know of she has/had the same problem because even with payment plans if they have them you still cannot afford eye, dental, or hearing exams.There is only so many things you can cut back on to pay bills. Good news is Ryan’s paternal Grandparents moved in with my brother-in-laws older sister and her family and they all get along great. My nephew is especially close to his paternal grandparents he has been around them his whole life and now they since they are settled in and happy this should help him be less worried wouldn’t it?
He says he’s fine but we all said that as kids. I think the fact he also knows just how sick his Grandparents on both sides of the family are he is really worried about them and of course so worried about his Mom and no doubt knows his Dad’s frustration.
Ryan is well aware there are people who have it way worse. However we believe he has a right to feel normal feelings of fear, sadness, anger, frustration, and even unfairness. This is a grieving process as when somebody dies. Also having the rug yanked out from under you regardless of age even if you know it’s coming is still nothing like when you actually go through it. We know how important it is to let him feel how he feels without the guilt. If feelings/emotions are ignored or pushed away they will always come back at some point in some form sometimes quite dangerous forms. His school counselor are aware of what is happening so they can help watch for anger issues, depression and so on and he knows he can talk to them. Kids are so much more aware of what’s going on.
So you know what’s happening in his life and why I am worried. Advice would be appreciated in how to reassure him.
In regards to idea’s of something extra fun or can lift his spirits for his birthday? Now a gift card would be great and he loves those because he can get what he wants but how can it be done with a little excitement or be brightened up?
How about a birthday balloon bouquet? Now the gift card will have to be sent separately as it cannot be sent with any bouquet if I get it from his favorite store. Will a teddy bear attached a balloon bouquet be or seem to childish for a 14 year old boy?
Thank you for reading this and for your answers.

For the first time, I find myself at a crossroads I have never experienced before. Any thoughts or opinions would be greatly appreciated. (The story will be long…so thanks in advance for your time in reading it).

I am currently a Residential Property Manager, living and working in the Philadelphia suburbs. I have been in Property Management for 13 years (10 years in Los Angeles and 3 years in PA). I have been with my current employer just over 3 yrs. I work for a small company, basically it’s me and the owner. Lets call the owner "B". My FT salary is not enough to cover all of my monthly expenses, so I’ve been bleeding money every month, since I got here.

I’ve stayed with "B" for a few reasons: First, "B" is self-made millionaire and I am learning how he did it and how he maintains it, which I believe to be an invaluable experience that could not be had anywhere else. Second, I have a strong sense of loyalty and do not want to walk out and leave him in a bad spot.

The first change "B" made (and it was done with no warning what-so-ever) was to cut my hours in-half (from FT to 20 hrs a week). Because of this, instead of the minimal amount of bleeding, that I have been putting up with, it is now substantial and un-sustainable. At this rate I will completely broke in 3 months. Also because of this change, extremely important tasks are not getting done, due to the lack of time. Many facets of the company are already in complete dis-array and it’s only a matter of time before things get even worse. I really hate to see this happening and both of these items bother me equally as much.

About a week after "B" made that shocking change, there was suddenly someone new in the office. A long time friend of my boss’, who is the COO is a software company (currently). Lets call him "A". "A" immediately took over all the leasing activities and is slowly making other procedural changes to the company, not only to what I do, but with the maintenance guys, as well. "A" stays here for a week, than goes "home" to his other job/family for 4 days, then returns again.

Just this last week, now there is another new person in the office. Lets call her "M". "M" was presented to me as someone who was there to "help with the filing and administrative tasks". However, "M" seems to be doing more than that. On Friday I was asked to teach "M" how to do the payables and "A" took her on an all-day tour of all the properties. On a side note: "M" is as sweet a pie to "B" and "A", but has been abrasive, rude and full of attitude with me.

So, my first question is: What is going on here? None of these changes make any sense. Everything was running smoothly and efficiently before these changes and all these changes have done is create chaos and disaster. (I’m the type of person that would recognize/admit if there was something wrong with my performance. There wasn’t. Everything was in good order, just as it has been for the last 3 yrs).

So, now I’m presented with a cross-roads, as to what I should do now. Obviously, I cannot continue like this and allow myself to spiral into bankruptcy!

But, before you answer that questions, I need add some more information.

In February, I got my license and become a REALTOR. My only real client at this point, is "B". Who, despite what is going on, is still making offers on new properties (which means commissions for me). Trying to get new clients (other than "B" has been very difficult and has not gone well).

A little about my background:

I have a BS in Business Administration and a BS in Information Technology.

Despite that training, one thing I have always wanted to do is be a truck driver (don’t ask — just something I always thought I would like). I should mention that I have never liked Property Management, nor have I ever been truly happy doing it. I came very close to becoming a trucker years ago, but due to family circumstances I got shuffled into the being a Property Manager and have just stayed with it.

What is available to me right now:

My best friend (and godson) live in Gainesville, FL. Whenever I want to leave, I have a home waiting for me there.

Unfortunately, from what I can tell looking at job boards, Gainesville does not seem to be a hot bed of great jobs and I haven’t the slightest idea of the condition of the RE market there.

On the plus side: I have a home waiting for me, people that are closer to me than my family waiting for me and the cost of living in Gainesville is almost half of what it is here (e.g. most things are half the cost there, versus here in Philly).

With all this being said: If it were you, what would you think and do? Should I try to secure a job

here is the question: The number of small businesses that declare bankruptcy per month is 6.4. Find the probability of at most 2 businesses going bankrupt over the course of the next 2 weeks.
I know the answer is .3799 but i can’t get to that answer. I don’t know which numbers to put in the poissoncdf function. feel free to elaborate on your answer. i need an explanation, not just an answer. thank you!!!

I know the basics of bankruptcy, but I have a specific situation and I was just wondering what differences there might be with it…If anyone could help explain this I’d be very grateful.

So, my dad owned a small chain of local banks. After the economy crashed, it struggled…given more time and–well I won’t get into details–basically, the FDIC claimed it wasn’t strong enough/had too many bad loans/wasn’t going to make it. So then they took over.

Long story short, my dad was owner, CEO, and president. So everything that went wrong fell on his shoulders (even though it wasn’t his fault)….now, after investigating the loans and business that my dad’s banks were making, the FDIC is suing my dad for 35,000,000 dollars.
We don’t have that kind of money.
My parents will have to file for bankruptcy; but will it be different because it’s the government that’s suing him? Will there be more to it? More "strings attached" so to speak? I’m not really sure what questions to ask — if anyone could just shed some light on the situation….I’d appreciate it.

I had very good credit. Two years ago, however, I was forced to lose my home to foreclosure. Actually, it was two houses. After that, my big credit cards were cut or reduced, however, I never stopped giving payments. I’ve always been in good standing. I always give more than the minimum payment. Things were okay after the foreclosures, I could still afford to pay my balances, and it was all just alright.

However, about maybe 3 months ago, I started thinking about filing for bankruptcy. My cards weren’t maxed out, but I was still finding it a little bit harder to make payments. Then, business started thriving again, and that’s where I started spending more. I’d never maxed out my cards. Now, they are full. So, basically, three months later, I find myself in the same situation. Business has gone down once again (even worst than the first time) and now it’s getting tougher and tougher to make payments. Up until this month I still made some big purchases. A dslr camera, and somethings because I could still afford it. 2 months ago I bought me a fridge (2,000) dollars. Business is completely dying, but I’m afraid of filing from bankruptcy and having my things taken away… How long should I wait before I file for bankruptcy? I’m also afraid of being charged for something I honestly had no thought of doing (stealing the banks so much money) I would say I’m about 10,000 dollars in debt (i know it’s not a lot, but for me at the moment it is…)

What should I do? How long would it be reasonable to wait so the court doesn’t think I went and maxed out my cards before i filed for bankruptcy? (seriously, that was not my intention) A couple of months would be good? With my small savings I think I could still afford to make the minimum payments… HELP
I don’t know what I was thinking when I said I’m 10,000 (I was thinking just about a few cards) dollars in debt. I am about 50,000 dollars in debt. If not, more. Like I said, I had great income, and very big cards.
Spalmer: I’ve always known how to manage my credit. I’ve never been a big spender. My business was a thriving one for 14 years. I’m a wedding planner, and believe it or not, I made the big bucks there. Somehow, things are not the same. I also had another business, a small landscape designs. Things happen. At the end, yes, I might have spent much more than I should have, but i DID have the money to do so. Its just that you never think something bad is ever going to happen to you.
I’m sorry not saying what my income was. It’s about 100,000 but, like I said, I’m nowhere near making that. I do not own expensive car. The home I recently (2 yrs ago) purchased I bought cash.

Cosmopolitan Multifabrics, Inc., offered to buy Thistle River Industries because the officers of Cosmopolitan Multifabrics saw that Totter is doing a good business. His firm’s only visible assets are a rather old sering factory in Indiana, a New York showroom, a few small shops on rented premises, and a stock of bedspreads and cloth, but they offer ,000,000 for Thistle River’s assets and name. However, if Mr. Totter consents to join Cosmopolitan Multifabrics as an executive vice president and manager of the Thistle River subsidiary, they will pay him ,000,000 for his business plus an annual salary of 0,000. How does the second offer to Mr. Totter suggest that there is competition in the sale of services as well as in the sale of material goods?

Thistle River has been selling one of its better bedspreads for a retail price of 0. If Spread Shed, a major competitor of Thistle River’s, were to offer a bedspread almost identical in appearance and quality at the retail price of 5, what do you think would happen? What would Thistle River probably need to do to market its unsold goods? How would this action prove that competition is bbeneficialto the public?

Suppose that Spread Shed were to gain so much of the business formerly done by Thistle River that Mr. Totter’s firm were in danger of bankruptcy. If Mr. Totter were to then complain to his New York state senator about "unfair competition," asking for passage of a state law setting minimum prices for bedspreads, would such a statute be good for the people of New York state? Why or why not?

The Grocery busniess in America is still highly competitive. Prices are lower and there is a wider variety of foods in the United States than in other large countries. Yet there are fewer food stores, per capita, than there were in the United States 60 years ago because much of the food retailing business has been taken over by large chains. Would yous say that we now have imperfect competition in food distribution? Why or why not?

try the BP CLAIMS FUND – heard they have good track record of paying out NOT!
if its hard for you to get a loan, think how hard it has been for us down south who have not gotten any support from the so called "claims fund"
I SAY claims fund my A.s$.
we haven’t gotten any money and 20% of the businesses in my small town have already gone under with more bankruptcies to come.
kenneth feinberg is a cheap, Bit-ch-*** Jew
who isn’t making any type of return on his Gulf Coast Claims Center.
he doesn’t want to help out the poor, gulf coast business owners and men, and women who are still unemployed there.
Please email him and his organization to tell them to work faster on processing the claims. It is a matter of life and death for many of these people who can’t get back their business and old ways of life, due to BP’s irresponsibility and negligence.
let him know how you feel and give him a piece of your mind on the bp claims webiste:
http://www.thebpclaimsfund.com/bp-claims/bp-claims-assistance.html
plz also contact your local news station and tell them about this claims process and why it is so unnaturally slow.
plz also contact your state representatives!!!