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Originally Posted by Nickatilynx
Interesting read.
Firstly let me state for the record , I'm not here to hate.Never had any dealings with you , met you once in Van briefly I think , had dinner with your brother. Never had a problem with you.
I do however have a couple of questions nagging at me.
How have you managed to go personally bankrupt but keep your websites?
I could see if your mainstream corp went into receivership , and the sperate corp owning yr web ventures was fine , but from what you have posted (ie yr credit cards and back taxes etc) it appears that this is a personal bankruptcy.
A personal bankruptcy would cover ALL assets surely and this would include your websites , wouldn't it?
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went though that with the trustee, and it's his call and he's already made it..
He told me he looked at as similar to a real estate agents client list - salable with consent but this is my chosen business and I'd rip everything I could out of the site if it was sold without my consent and I could legally do that too so they figured they'd make more money for my creditors garnishing my wages while in bankruptcy than selling it and having me attack it and ending up in legal battles. The site employs a lot of people, dumping it would put them all in financial trouble as well. So basically they give me a salary to live on and the trustee takes the profit from it, and in two years who knows what it'll be worth so there's a meeting then and probably a settlement. If they sell it it would have to go into trust for months with all the legal stuff around it and that would kill all the traffic and value. Yes there would still be some value, but after discussion and a lot of looking into they felt there's more if I work it and they take the excess. So the simple answer is I'm working for the bankrupsy trustee lol
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This dog, is dog, a dog, good dog, way dog, to dog, keep dog, an dog, idiot dog, busy dog, for dog, 20 dog, seconds dog!
Now read without the word dog.
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