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Started By
Message
1
Posted on 4/18/13 at 9:17 am to OnTheBrink
Could I make a mutual fund of upper middle class kids in catholic school.
Posted on 4/18/13 at 1:11 pm to ZereauxSum
quote:
same thing happens with unsecured debt
solid logic
Posted on 4/18/13 at 2:00 pm to Putty
Pretty innovative and interesting idea.
Posted on 4/18/13 at 2:02 pm to Putty
quote:
chapter 7...reset....thanks for the free money.
would a judge actually let you go through ch 7 though if you are profitable?
Posted on 4/18/13 at 2:14 pm to C
quote:
chapter 7
OK, for all us non financial lawyer guys, WTF is this
Posted on 4/18/13 at 3:00 pm to white perch
quote:
WTF is this
Bankruptcy, specifically the kind that allows you to erase nearly all kinds of debt.
Posted on 4/18/13 at 3:25 pm to ZereauxSum
quote:
specifically the kind that allows you to erase nearly all kinds of debt.
it stays on your credit reports for, i think, 7 years. So that'll cost you just starting out...
Posted on 4/18/13 at 4:21 pm to C
quote:
would a judge actually let you go through ch 7 though if you are profitable?
to free yourself from indentured servitude / debtor's prison with benefits of house arrest? Hell yes.
However, you'd probably not even have to do that as the agreement would in all likelihood be void under state law as against public policy.
Posted on 4/18/13 at 7:17 pm to Putty
I wasn't really referring to the exact situation in the op. could you structure you income as a dividend paying corporation?
Posted on 4/18/13 at 8:14 pm to C
quote:
I wasn't really referring to the exact situation in the op. could you structure you income as a dividend paying corporation?
Yea, it'd be just another bill
Posted on 4/18/13 at 9:27 pm to OnTheBrink
Edit your title.
That means his IPO was for $100K, not $10K.
This means he only sold 3.7% of the initial issue. Looks like he still has 96.3% of the voting stock so he has nothing to worry about.
quote:
decided to split himself into 100,000 shares and set an initial public offering price of $1 per share.
That means his IPO was for $100K, not $10K.
quote:
Within five years, Mike sold over 3,700 shares of himself and his stock price hit a high of $20.
This means he only sold 3.7% of the initial issue. Looks like he still has 96.3% of the voting stock so he has nothing to worry about.
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