So I got reviewed by the office of bankruptcy today - GoFuckYourself.com

SleazyDream · 02-17-2010, 02:12 AM

This doesn't happen often, I got a letter and called in to do an interview to have my bankruptcy reviewed.

They didn't say way.

I figured it was rev can or amex or some other creditor crying...nope.

apparently the gov't office overseeing bankruptcy here in canada when going over all bankruptcies filed by trustees they do on occasion review some. They take some at random and some because something stuck out.

I asked him why me - he said something stuck out - way out. I asked what. He said in 15 years of reviewing cases here - mine was the largest claim against Amex he had ever scene.

I'm not sure if I should be happy or ashamed about that.....

the interview seemed to go. He understood what happened and that i'm moving on

;)

$5 submissions · 02-17-2010, 02:14 AM

Glad for you that it's over.

Agent 488 · 02-17-2010, 02:15 AM

SleazyDream · 02-17-2010, 02:17 AM

Quote:

Originally Posted by $5 submissions

Glad for you that it's over.

interview is over. i'm eligible for release in about 2 more months....

that doesn't mean i'll GET it - just that i'm eligible under legislation - although my trustee says it looks positive

kmanrox · 02-17-2010, 02:18 AM

is that some sick way of bragging?

SleazyDream · 02-17-2010, 02:44 AM

Quote:

Originally Posted by kmanrox

is that some sick way of bragging?

maybe..................

mostly just letting out stress.... major worried about this interview as they are rare and finally relaxing

Grapesoda · 02-17-2010, 08:21 AM

Quote:

Originally Posted by SleazyDream

This doesn't happen often, I got a letter and called in to do an interview to have my bankruptcy reviewed.

They didn't say way.

I figured it was rev can or amex or some other creditor crying...nope.

apparently the gov't office overseeing bankruptcy here in canada when going over all bankruptcies filed by trustees they do on occasion review some. They take some at random and some because something stuck out.

I asked him why me - he said something stuck out - way out. I asked what. He said in 15 years of reviewing cases here - mine was the largest claim against Amex he had ever scene.

I'm not sure if I should be happy or ashamed about that.....

the interview seemed to go. He understood what happened and that i'm moving on

;)

here is the states all the $$ writen off in the BK is billed to you for the IRS as other income the following year... wonder if that will happent to you as well? might wanna check it out

NemesisEnforcer · 02-17-2010, 09:00 AM

Quote:

Originally Posted by bm bradley

here is the states all the $$ writen off in the BK is billed to you for the IRS as other income the following year... wonder if that will happent to you as well? might wanna check it out

That's not accurate.

seeandsee · 02-17-2010, 09:04 AM

Quote:

Originally Posted by SleazyDream

interview is over. i'm eligible for release in about 2 more months....

that doesn't mean i'll GET it - just that i'm eligible under legislation - although my trustee says it looks positive

now back to work

Iron Fist · 02-17-2010, 09:20 AM

I wish I could just wipe away all my debts and not pay them too....

Oh well, maybe i'd rather have a credit rating and a bank that will loan me money any time I want some.

dyna mo · 02-17-2010, 09:23 AM

after all the bank bailout bullshit, i am moving away from credit.

C.R.E.A.M.

fuck the banks

CPimp · 02-17-2010, 10:32 AM

Once you make mistakes on your credit, they are hard to remove. Some people would rather wipe the slate (mostly) clean and wait the few years it takes to be able to get loans and shit again. But maybe them people should stay away from loans, seeing as how they bankrupted in the first place.

fatfoo · 02-17-2010, 10:41 AM

This is interesting. I've never been to bankruptcy court myself. But, I learned about bankrupcy in a Finance course. The creditors have to be paid in the order of their importance. I think the government would be somewhere in the priority of being paid. Then, the customers, people who loaned you money, other companies, banks, etc.

If you have a corporation, then it has unlimited liability, which means that you are not responsible for paying anything personally if the corporation goes bankrupt.

I guess some amounts of money can be forgiven by the goverment if the company goes bankrupt.

From you avatar, I see that you have no shirt. I am guessing you might have sold your shirt to pay for you bankruptcy costs.

BradM · 02-17-2010, 10:48 AM

bankrupsy

Les Grossman · 02-17-2010, 10:53 AM

Wait, when did you declare bankruptcy?

dallasnovelty · 02-17-2010, 10:55 AM

I was in the mortgage business and saw more than one bankruptcy by friends and fairly large companies. The amount charged off does not get charged as income on IRS the following year unless thats something new in the couple months. If it did nobody would do bankruptcy because the IRS would take all their shit for non payment and freeze all assets and then put people in a even bigger hole.
Sometimes bankruptcy is good for companies and people who might have got screwed by a company but alot of people do it every 7-10 years because they cnt pay their bills. Sports stars and celebs are the worst at paying bills, we used to have some ball players buy houses but credit was terrible because they didnt have accountant pay stuff.
Good Luck

tranza · 02-17-2010, 11:16 AM

How is your TGP doing Sleazy?

02-17-2010, 02:12 AM	#1
SleazyDream I'm here for SPORT Industry Role: Join Date: Jul 2001 Location: Phone # (401) 285-0696 Posts: 41,470	So I got reviewed by the office of bankruptcy today This doesn't happen often, I got a letter and called in to do an interview to have my bankruptcy reviewed. They didn't say way. I figured it was rev can or amex or some other creditor crying...nope. apparently the gov't office overseeing bankruptcy here in canada when going over all bankruptcies filed by trustees they do on occasion review some. They take some at random and some because something stuck out. I asked him why me - he said something stuck out - way out. I asked what. He said in 15 years of reviewing cases here - mine was the largest claim against Amex he had ever scene. I'm not sure if I should be happy or ashamed about that..... the interview seemed to go. He understood what happened and that i'm moving on ;) __________________ 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.

02-17-2010, 02:14 AM	#2
$5 submissions I help you SUCCEED Industry Role: Join Date: Nov 2003 Location: The Pearl of the Orient Seas Posts: 32,195	Glad for you that it's over. __________________ Need a NON-ADULT income stream? We build your YOUTUBE CHANNEL for only $20 per video! For Hire: $3/hour or $400 per month Marketing Specialist Virtual Assistants

02-17-2010, 02:18 AM	#5
kmanrox aka K-Man Industry Role: Join Date: Oct 2001 Location: The Gutter Posts: 29,291	is that some sick way of bragging? __________________ Crypto HODLr Crypto mining Angel investor

02-17-2010, 09:20 AM	#10
Iron Fist Too lazy to set a custom title Join Date: Dec 2006 Posts: 23,400	I wish I could just wipe away all my debts and not pay them too.... Oh well, maybe i'd rather have a credit rating and a bank that will loan me money any time I want some. __________________ i like waffles

02-17-2010, 10:32 AM	#12
CPimp Confirmed User Industry Role: Join Date: Aug 2009 Posts: 2,346	Once you make mistakes on your credit, they are hard to remove. Some people would rather wipe the slate (mostly) clean and wait the few years it takes to be able to get loans and shit again. But maybe them people should stay away from loans, seeing as how they bankrupted in the first place. __________________ three 997 three 55 three 1 ← That's my ICQ. Contact me there. Thanks.

02-17-2010, 02:15 AM	#3
Agent 488 Registered User Industry Role: Join Date: Feb 2006 Posts: 22,511

02-17-2010, 09:23 AM	#11
dyna mo The People's Post Industry Role: Join Date: Dec 2008 Location: invisible 7-11 Posts: 64,905	after all the bank bailout bullshit, i am moving away from credit. C.R.E.A.M. fuck the banks

02-17-2010, 10:41 AM	#13
fatfoo ICQ:649699063 Industry Role: Join Date: Mar 2003 Posts: 27,763	This is interesting. I've never been to bankruptcy court myself. But, I learned about bankrupcy in a Finance course. The creditors have to be paid in the order of their importance. I think the government would be somewhere in the priority of being paid. Then, the customers, people who loaned you money, other companies, banks, etc. If you have a corporation, then it has unlimited liability, which means that you are not responsible for paying anything personally if the corporation goes bankrupt. I guess some amounts of money can be forgiven by the goverment if the company goes bankrupt. From you avatar, I see that you have no shirt. I am guessing you might have sold your shirt to pay for you bankruptcy costs. __________________ Send me an email: [email protected] Last edited by fatfoo; 02-17-2010 at 10:43 AM..

02-17-2010, 10:48 AM	#14
BradM Confirmed User Join Date: Dec 2003 Location: 1123,6536,5231 Posts: 3,397	bankrupsy

02-17-2010, 10:53 AM	#15
Les Grossman So Fucking Banned Join Date: Sep 2009 Location: On your last nerve Posts: 1,012	Wait, when did you declare bankruptcy?

02-17-2010, 10:55 AM	#16
dallasnovelty Confirmed User Industry Role: Join Date: Aug 2009 Location: Dallas, TX Posts: 1,056	I was in the mortgage business and saw more than one bankruptcy by friends and fairly large companies. The amount charged off does not get charged as income on IRS the following year unless thats something new in the couple months. If it did nobody would do bankruptcy because the IRS would take all their shit for non payment and freeze all assets and then put people in a even bigger hole. Sometimes bankruptcy is good for companies and people who might have got screwed by a company but alot of people do it every 7-10 years because they cnt pay their bills. Sports stars and celebs are the worst at paying bills, we used to have some ball players buy houses but credit was terrible because they didnt have accountant pay stuff. Good Luck __________________ \| Dallas Novelty Blog \| Facebook Last edited by dallasnovelty; 02-17-2010 at 11:07 AM..

02-17-2010, 11:16 AM	#17
tranza ICQ: 197-556-237 Join Date: Jun 2003 Location: BRASIL !!! Posts: 57,559	How is your TGP doing Sleazy? __________________ I'm just a newbie.