Alabama bankruptcy birmingham debt
[University Finance] Please help for the below Q3
2024.05.19 03:21 New_Purpose_8539 [University Finance] Please help for the below Q3
Select all true statements.
The static trade-off theory of capital structure:
A. Suggests that managers weigh the cost of bankruptcy against the benefit of tax-shields when deciding on debt financing
b. Assumes that debt levels contain no signaling value to investors
c. Disagrees with the empirical evidence that managers follow a pecking-order
d. Predicts that managers have preferred capital sources which they use to exhaustion before resorting to other financing means
e. Cannot be modified to account for the effect of bankruptcy costs
f. Predicts that as corporate tax rates fall firms should choose to finance more by equity
submitted by New_Purpose_8539 to HomeworkHelp [link] [comments]
The static trade-off theory of capital structure:
A. Suggests that managers weigh the cost of bankruptcy against the benefit of tax-shields when deciding on debt financing
b. Assumes that debt levels contain no signaling value to investors
c. Disagrees with the empirical evidence that managers follow a pecking-order
d. Predicts that managers have preferred capital sources which they use to exhaustion before resorting to other financing means
e. Cannot be modified to account for the effect of bankruptcy costs
f. Predicts that as corporate tax rates fall firms should choose to finance more by equity
2024.05.19 02:24 LibraryGullible4679 Sibling is facing foreclosure, frustrating circumstances... how should I help?
Throwaway account. Genuinely, this is my sibling's situation, not mine. Much of the 'story' of this is what the sibling related to me. Sibling has had financial issues in the past. This may belong in FinancialAdvice, but I sense things may beyond money fixing...
Sibling is in Alabama, I am in Georgia.
Sibling is self employed in a profession that involves taking many direct payments, and uses Square to accept those payments. Sibling purchased a home in August of last year. They claim that they [attempted] to use Square to make the mortgage payments, however apparently the mortgage company never actually accepted them. Sibling and their spouse apparently ignored many letters before realizing the situation and were months past due. Between them and the mortgage company, it was finally realized the failure to make/accept via Square, so Sibling began the process of getting the money back from Square and succeeded.
Sibling apparently also banks with a non-mainstream online-only bank, so then getting the funds from Square to that bank was a process. The mortgage company apparently told Sibling that they HAD to overnight a cashiers at the time she was finally in possession of the funds. They get online bank to increase withdrawal/ATM limits, and over the course of several days they get the cash in hand... at this point I'm just going to round the amount to 15 thousand dollars.
Sibling takes cash to local, mainstream brick-and-mortar bank they have a car note with and get a cashiers check, takes that to FedEx, and send check and paperwork as instructed.
It takes two weeks for the mortgage company to come back and say "Got your FedEx envelop - and the paperwork - but no check." Commence cashiers check cancellation process... money is locked up for 90 days according to brick-and-mortar bank.
1-2 weeks later, the foreclosure notice is in the newspaper and they're getting notice of foreclosure. (Don't ask me what notices they've gotten or ignored, I'm aware these things don't happen overnight.) I would have thought all this is was a scam if I didn't find the notice in the newspaper myself.
Courthouse steps sale is in 10 days.
I am liquid enough to help my sibling - I've known about the situation for 48 hours at this point. After the initial story from my sibling, my spouse and I slept on the situation and decided that if there was something we could do, we should do it...
I asked sibling "If a wire or ACH could happen today, would it solve this problem." They waited until the end of the day to call/text me back (they were working, maybe I didn't imply strongly enough that I was willing to make a payment). That was Friday. Little/no contact since then from sibling.
So, I have two areas of questions:
I have redacted some known details or minutiae for the sake of length of this post. Happy to fill in any gaps I have knowledge of.
submitted by LibraryGullible4679 to legaladvice [link] [comments]
Sibling is in Alabama, I am in Georgia.
Sibling is self employed in a profession that involves taking many direct payments, and uses Square to accept those payments. Sibling purchased a home in August of last year. They claim that they [attempted] to use Square to make the mortgage payments, however apparently the mortgage company never actually accepted them. Sibling and their spouse apparently ignored many letters before realizing the situation and were months past due. Between them and the mortgage company, it was finally realized the failure to make/accept via Square, so Sibling began the process of getting the money back from Square and succeeded.
Sibling apparently also banks with a non-mainstream online-only bank, so then getting the funds from Square to that bank was a process. The mortgage company apparently told Sibling that they HAD to overnight a cashiers at the time she was finally in possession of the funds. They get online bank to increase withdrawal/ATM limits, and over the course of several days they get the cash in hand... at this point I'm just going to round the amount to 15 thousand dollars.
Sibling takes cash to local, mainstream brick-and-mortar bank they have a car note with and get a cashiers check, takes that to FedEx, and send check and paperwork as instructed.
It takes two weeks for the mortgage company to come back and say "Got your FedEx envelop - and the paperwork - but no check." Commence cashiers check cancellation process... money is locked up for 90 days according to brick-and-mortar bank.
1-2 weeks later, the foreclosure notice is in the newspaper and they're getting notice of foreclosure. (Don't ask me what notices they've gotten or ignored, I'm aware these things don't happen overnight.) I would have thought all this is was a scam if I didn't find the notice in the newspaper myself.
Courthouse steps sale is in 10 days.
I am liquid enough to help my sibling - I've known about the situation for 48 hours at this point. After the initial story from my sibling, my spouse and I slept on the situation and decided that if there was something we could do, we should do it...
I asked sibling "If a wire or ACH could happen today, would it solve this problem." They waited until the end of the day to call/text me back (they were working, maybe I didn't imply strongly enough that I was willing to make a payment). That was Friday. Little/no contact since then from sibling.
So, I have two areas of questions:
- What do you think the options for my siblings actually are at this point? The mortgage company has referred the whole thing to Brock and Scott for the foreclosure, and with them involved, it's not clear to me whether a payment is possible at this point, who it would be to, a deadline, etc... (Not that I'm trying to get directly involved). Apparently bankruptcy is an option to stop foreclosure? If the story is true, perhaps they could even exit bankruptcy before it's complete?
- If I do help my sibling, are there logical safeguards I should put in place? Some form of written agreement? Do you have recommendations on how to go about this? I want to verify the status of the cashiers check cancellation and that that money IS coming back, and if possible or logical draw up an actual contract with my sibling about this (if that's a logical thing to do?)
I have redacted some known details or minutiae for the sake of length of this post. Happy to fill in any gaps I have knowledge of.
2024.05.19 02:24 Infamous_Regret3583 Need help. Can medical bills be added to chapter 13 if insurance company is demanding provider to pay back overpayments dated before the filing date?
This is a rather unique situation. Im in the middle of a chapter 13. Converted to a 13 in march. My confirmation will be in July.
In 2019 I left my DOD civilian job. Due to a technicality, I could not terminate my coverage with my insurance. Someone somewhere in HR needed to send a form to the insurance provider letting them know to terminate my coverage. So the insurance carrier kept paying bills even after years of telling them not to pay. They knew what was going on. It was out of their hands. Out of mine. Trust me it's a cluster***k.
Fast forward to 2023, they finally terminate my coverage. They have guaranteed me they will not come after me for the overpayments based on the fact that I did everything I could to tell them not to pay the bills. I even told my medical providers not to bill them. To bill my current insurance. The insurance even sent me a letter I am not liable for the overpayments. That's great!
So now they're going after the providers to pay them back. im being copied on the letters to my medical providers demanding payment. So now that has me concerned, because providers can also turn around and ask me to pay them back.
So assuming the medical providers want me to pay them, can the debts be added to my case? I know the debt did not exist pre-filing, but the service dates are all before the filing date.
TLDR: Can medical overpayments from service dates before filing bankruptcy be added to my chapter 13 case since the debt did not technically exist when I filed?
submitted by Infamous_Regret3583 to Bankruptcy [link] [comments]
In 2019 I left my DOD civilian job. Due to a technicality, I could not terminate my coverage with my insurance. Someone somewhere in HR needed to send a form to the insurance provider letting them know to terminate my coverage. So the insurance carrier kept paying bills even after years of telling them not to pay. They knew what was going on. It was out of their hands. Out of mine. Trust me it's a cluster***k.
Fast forward to 2023, they finally terminate my coverage. They have guaranteed me they will not come after me for the overpayments based on the fact that I did everything I could to tell them not to pay the bills. I even told my medical providers not to bill them. To bill my current insurance. The insurance even sent me a letter I am not liable for the overpayments. That's great!
So now they're going after the providers to pay them back. im being copied on the letters to my medical providers demanding payment. So now that has me concerned, because providers can also turn around and ask me to pay them back.
So assuming the medical providers want me to pay them, can the debts be added to my case? I know the debt did not exist pre-filing, but the service dates are all before the filing date.
TLDR: Can medical overpayments from service dates before filing bankruptcy be added to my chapter 13 case since the debt did not technically exist when I filed?
2024.05.19 02:18 Reptilefan92 Questions about using bank account and debit card prior to Bankruptcy (USA, Ohio)?
So, my parents are considering Bankruptcy. They have had a consultation with a lawyer, but are unsure if or when they will proceed yet, as my Dad has some surgeries on the horizon he wants to have done before starting the process. If they do it, it would likely be several months from now, maybe August or September. Having said that, there was one thing they were a bit unclear of when speaking to the Lawyer.
The Lawyer told them they will need to be careful about spending, both on their credit cards and from their Bank Account, in the months prior to filing Bankruptcy. He said they could get in trouble or even be sued for fraud if they racked up Credit Card debt, or spent all the savings in their Bank Account in the months prior to filing. However, he apparently didn't go into a great deal of specifics on this point. My parents wanted to know specifically how careful they need to be, and for how long prior to filing.
For example, my Mom needs a new Laptop (her old one is a Chromebook approaching end of life), which she primarily uses to bay bills and the like. It's pretty much a necessity for them, and would cost about $200-300. Additionally, my Dad has severe Parkinson's and is pretty much bedridden due to walking/balance issues, so watching TV is all he has. His old TV has died, and he would like to get a replacement, again probably something in the $200-300 range. They would be using money from their Bank Account (specifically savings, I'm not sure how much they actually have, but I think it is around $1000) for these purchases, not Credit Cards. Would these kinds of purchases be alright right now, several months before filing, or would they present a problem in Bankruptcy?
Also, they were advised against using Credit Cards prior to Bankruptcy. However, they rely on them for many things, from groceries to bills and utilities, food, etc. My Mom also subscribes to a couple streaming services for my Dad. They're going to try avoid spending what they can with the Cards, but also depend on them for so many things.
So, will any of this get them into any trouble, or have them sued for fraud? Will the Trustee come after them? They're pretty concerned and confused on this particular point. Again, this is all prior to Bankruptcy. They have not done anything yet. They've signed nothing, started no process, paid no lawyers, etc. They're unsure how they should be managing their purchases, both with Credit Cards, and with their Bank Account, several months prior to starting the Bankruptcy process?
submitted by Reptilefan92 to Bankruptcy [link] [comments]
The Lawyer told them they will need to be careful about spending, both on their credit cards and from their Bank Account, in the months prior to filing Bankruptcy. He said they could get in trouble or even be sued for fraud if they racked up Credit Card debt, or spent all the savings in their Bank Account in the months prior to filing. However, he apparently didn't go into a great deal of specifics on this point. My parents wanted to know specifically how careful they need to be, and for how long prior to filing.
For example, my Mom needs a new Laptop (her old one is a Chromebook approaching end of life), which she primarily uses to bay bills and the like. It's pretty much a necessity for them, and would cost about $200-300. Additionally, my Dad has severe Parkinson's and is pretty much bedridden due to walking/balance issues, so watching TV is all he has. His old TV has died, and he would like to get a replacement, again probably something in the $200-300 range. They would be using money from their Bank Account (specifically savings, I'm not sure how much they actually have, but I think it is around $1000) for these purchases, not Credit Cards. Would these kinds of purchases be alright right now, several months before filing, or would they present a problem in Bankruptcy?
Also, they were advised against using Credit Cards prior to Bankruptcy. However, they rely on them for many things, from groceries to bills and utilities, food, etc. My Mom also subscribes to a couple streaming services for my Dad. They're going to try avoid spending what they can with the Cards, but also depend on them for so many things.
So, will any of this get them into any trouble, or have them sued for fraud? Will the Trustee come after them? They're pretty concerned and confused on this particular point. Again, this is all prior to Bankruptcy. They have not done anything yet. They've signed nothing, started no process, paid no lawyers, etc. They're unsure how they should be managing their purchases, both with Credit Cards, and with their Bank Account, several months prior to starting the Bankruptcy process?
2024.05.19 02:02 wallstbetsapparel File for bankruptcy, consumer proposal, etc?
Hi there, I'm M25, looking for some solutions here. I've taken on about 60,000 in federal debt from the covid times, in addition to currently owing about $15,000 in back taxes, plus an additional $7,500 or so once I finally get around to filing my taxes from the 2021 year.
The last couple of years I haven't worked much. I was self-employed, and never taught about taxes. In fact, my education about taxes, from my non-educated, high school drop out father, was basically, "taxes are theft," "earn your money in cash," and "the only thing you'd need to file taxes for is if you want a loan for a house, car, business, etc." I still agree with many of his sentiments today, and I know he's not the only one with these ideas. Frankly I find it hard and very frustrating to have to give my money to the government, considering I know they're just unlimited printing money and the limited amount of money I have right now isn't going to make even a small dent in the national debt.
The $60,000 from the federal government is currently accruing interest at a nominal rate of 5% per year. $3,000 per year in interest.
The reason I haven't worked much, is largely because of some mental health and physical health issues. Now, I find myself in a situation where I owe roughly $80,000 to the federal and provincial governments. In addition, I have now racked up an additional $30,000 in student loans [also, from the federal/provincial governments][no interest for now, thankfully, not overly concerned about it.]
There's $110,000 in total debt to the government. I have also, an additional $25,000 approximately in personal loans from friends/family.
I have high hopes for myself, always have. I'm fairly sure, I could win some pretty large contracts with enough grit, or expand an existing business with someone I know, at the end of this summer. Both options have a good potential of coming true in the long-term, I think. But in the meantime, I have considerable debt which I'm not sure what to do about, and, frankly, it's depressing.
If I filed for bankruptcy, I'd lose the option to keep getting student loans, and the federal grants that go along with it [free money]. It's not clear if this happens if I file the consumer proposal. I thought about just continuing to run up the student loans, and then declare bankruptcy later, but, frankly, the whole idea of the debt hanging over my head during that time is very anxiety provoking, even if it's not 'immediately due.' I just want it out of my hair.
I have concerns that this becomes public record, and if I entered into politics later in life, that this might come back to burn me, but I'm honestly starting to get to the point where I think it might be there best option. There's also an element of feeling like a moral failure, if I have to take either of these options.
In summation:
What would you do in the scenario, and why?
What kind of mindset shift should I adopt around taxation?
submitted by wallstbetsapparel to debtfree [link] [comments]
The last couple of years I haven't worked much. I was self-employed, and never taught about taxes. In fact, my education about taxes, from my non-educated, high school drop out father, was basically, "taxes are theft," "earn your money in cash," and "the only thing you'd need to file taxes for is if you want a loan for a house, car, business, etc." I still agree with many of his sentiments today, and I know he's not the only one with these ideas. Frankly I find it hard and very frustrating to have to give my money to the government, considering I know they're just unlimited printing money and the limited amount of money I have right now isn't going to make even a small dent in the national debt.
The $60,000 from the federal government is currently accruing interest at a nominal rate of 5% per year. $3,000 per year in interest.
The reason I haven't worked much, is largely because of some mental health and physical health issues. Now, I find myself in a situation where I owe roughly $80,000 to the federal and provincial governments. In addition, I have now racked up an additional $30,000 in student loans [also, from the federal/provincial governments][no interest for now, thankfully, not overly concerned about it.]
There's $110,000 in total debt to the government. I have also, an additional $25,000 approximately in personal loans from friends/family.
I have high hopes for myself, always have. I'm fairly sure, I could win some pretty large contracts with enough grit, or expand an existing business with someone I know, at the end of this summer. Both options have a good potential of coming true in the long-term, I think. But in the meantime, I have considerable debt which I'm not sure what to do about, and, frankly, it's depressing.
If I filed for bankruptcy, I'd lose the option to keep getting student loans, and the federal grants that go along with it [free money]. It's not clear if this happens if I file the consumer proposal. I thought about just continuing to run up the student loans, and then declare bankruptcy later, but, frankly, the whole idea of the debt hanging over my head during that time is very anxiety provoking, even if it's not 'immediately due.' I just want it out of my hair.
I have concerns that this becomes public record, and if I entered into politics later in life, that this might come back to burn me, but I'm honestly starting to get to the point where I think it might be there best option. There's also an element of feeling like a moral failure, if I have to take either of these options.
In summation:
What would you do in the scenario, and why?
What kind of mindset shift should I adopt around taxation?
2024.05.19 01:59 Callywood Game Thread: Week 8 - (1-6) Houston Roughnecks vs (7-0) Birmingham Stallions
Mods are apparently AWOL today.
Welcome to Gameday!
Game Info
When: May 18th, 7:00 PM CT
Where: Protective Stadium, Birmingham, Alabama
Watch & Listen
Broadcast: ESPN2 (ESPN+ for streaming)
ESPN Xtra on SiriusXM will also be broadcasting the game.
submitted by Callywood to UnitedFootballLeague [link] [comments]
Welcome to Gameday!
Game Info
When: May 18th, 7:00 PM CT
Where: Protective Stadium, Birmingham, Alabama
Watch & Listen
Broadcast: ESPN2 (ESPN+ for streaming)
ESPN Xtra on SiriusXM will also be broadcasting the game.
2024.05.19 01:03 SpiralGray Summer Trip
 | I wanted to do a big trip last summer after I retired, but travels with the wife got in the way. This year I blocked time off early. Here's what I've got so far. submitted by SpiralGray to motorcycles [link] [comments] https://preview.redd.it/bghengj8n91d1.png?width=1516&format=png&auto=webp&s=8f592e07074a3b130dc97401c6a76775f667f4d5 |
2024.05.19 00:28 iJeax Deep in a financial hole without a job and mental health issues. I need advice please. (Canada)
I'm reaching out for some advice on my current financial situation. Here's a bit of background:
⠀⠀Situation:
submitted by iJeax to Bankruptcy [link] [comments]
⠀⠀Situation:
- I am currently out of work due to severe mental health and addiction issues.
- I am relying on social assistance as my only source of income.
- My total debt amounts to over $20,000, mostly from credit cards.
- I still have around $60,000 of available credit that I haven't touched
- I have no significant assets (no house)
- I do have a financed vehicle that I owe more on than it's fair market value
- I'm able to make the monthly payments on the vehicle using the social assistance money
- I'm due to see my GP to get help with my mental health and have an appointment with a therapist
- I have no way to pay these debts given my current circumstances.
- I'm aware that my debts will eventually default if I don't make payments, but I'm concerned about the long-term impacts on my credit and mental health.
- I'm considering whether bankruptcy might be a viable option, but I'm worried about the associated costs and the process itself.
- Debt Default vs. Bankruptcy: Given my situation, would it be more beneficial to let my debts default rather than filing for bankruptcy? What are the long-term implications of each option on my credit and mental health?
- Social Assistance Protection: How protected are my social assistance payments from creditors? Can they garnish these payments if they obtain a court judgment?
- Stress Management: How can I manage the stress and mental health impacts of dealing with creditors and potential legal actions?
- Professional Help: Should I seek help from a credit counselor or a licensed insolvency trustee? What kind of assistance can they provide in my situation?
- Legal Action Likelihood: Considering I have no job or assets, how likely is it that creditors will take legal action against me?
⠀⠀Additional Information:
- I understand that letting my debts default will negatively impact my credit score for up to six years.
- Filing for bankruptcy could provide immediate relief from creditors, but it also has long-term credit implications.
- I'm trying to weigh the stress and financial implications of both options to make the best decision for my mental health and financial future.
- Thanks again for any advice you can provide.
2024.05.18 23:38 Silver_Shock Chapter 13 vs. Calling creditors 1 by 1 and trying to negotiate
Good afternoon everyone,
So…I had my consultation with my attorney yesterday and was told that I wouldn’t qualify for a Chapter 7 based on a piece of property I inherited when my mom passed away (1/4 of the house I’m renting)
I was kinda expecting that and after going over everything, he was able to guesstimate my monthly payments at $708 for 36 or $400-something if I did the 5 year payment plan
I like the idea of it being over as soon as possible me so I would probably opt for the shorter timeframe
This is for approximately $64,000 in unsecured debt (credit cards and a small personal loan)
But last night I got to thinking, if I’m going to have a monthly payment anyway, would it be worth the effort to try and call each of the credit card companies 1 at a time and saying “ I can not make my payments anymore and have retained a lawyer and begun bankruptcy proceedings. I would prefer not to go this route and am able to pay $200 for the next 24 months. Would you be willing to close and settle my account instead of me going forward with the bankruptcy proceedings?’
I could do that with one of the credit cards that has $15,000 on it and just make that phone call to multiple credit card companies.
Is there any logic to that thinking?
I feel like they would rather get something than be guaranteed nothing and from what I’m reading online, a settlement doesn’t hit your credit for as long as a BK would.
Part of me thinks it’s a great idea, or worth a try at least, and part of me feels like they would eat me alive within 15 seconds of that phone call.
Has anyone had any success trying to settle their own debts?
submitted by Silver_Shock to Bankruptcy [link] [comments]
So…I had my consultation with my attorney yesterday and was told that I wouldn’t qualify for a Chapter 7 based on a piece of property I inherited when my mom passed away (1/4 of the house I’m renting)
I was kinda expecting that and after going over everything, he was able to guesstimate my monthly payments at $708 for 36 or $400-something if I did the 5 year payment plan
I like the idea of it being over as soon as possible me so I would probably opt for the shorter timeframe
This is for approximately $64,000 in unsecured debt (credit cards and a small personal loan)
But last night I got to thinking, if I’m going to have a monthly payment anyway, would it be worth the effort to try and call each of the credit card companies 1 at a time and saying “ I can not make my payments anymore and have retained a lawyer and begun bankruptcy proceedings. I would prefer not to go this route and am able to pay $200 for the next 24 months. Would you be willing to close and settle my account instead of me going forward with the bankruptcy proceedings?’
I could do that with one of the credit cards that has $15,000 on it and just make that phone call to multiple credit card companies.
Is there any logic to that thinking?
I feel like they would rather get something than be guaranteed nothing and from what I’m reading online, a settlement doesn’t hit your credit for as long as a BK would.
Part of me thinks it’s a great idea, or worth a try at least, and part of me feels like they would eat me alive within 15 seconds of that phone call.
Has anyone had any success trying to settle their own debts?
2024.05.18 23:20 iJeax Deep in a financial hole without a job and mental health issues. I need advice please.
I'm reaching out for some advice on my current financial situation. Here's a bit of background:
⠀⠀Situation:
submitted by iJeax to PersonalFinanceCanada [link] [comments]
⠀⠀Situation:
- I am currently out of work due to severe mental health and addiction issues.
- I am relying on social assistance as my only source of income.
- My total debt amounts to over $20,000, mostly from credit cards.
- I still have around $60,000 of available credit that I haven't touched
- I have no significant assets (no house)
- I do have a financed vehicle that I owe more on than it's fair market value
- I'm able to make the monthly payments on the vehicle using the social assistance money
- I'm due to see my GP to get help with my mental health and have an appointment with a therapist
- I have no way to pay these debts given my current circumstances.
- I'm aware that my debts will eventually default if I don't make payments, but I'm concerned about the long-term impacts on my credit and mental health.
- I'm considering whether bankruptcy might be a viable option, but I'm worried about the associated costs and the process itself.
- Debt Default vs. Bankruptcy: Given my situation, would it be more beneficial to let my debts default rather than filing for bankruptcy? What are the long-term implications of each option on my credit and mental health?
- Social Assistance Protection: How protected are my social assistance payments from creditors? Can they garnish these payments if they obtain a court judgment?
- Stress Management: How can I manage the stress and mental health impacts of dealing with creditors and potential legal actions?
- Professional Help: Should I seek help from a credit counselor or a licensed insolvency trustee? What kind of assistance can they provide in my situation?
- Legal Action Likelihood: Considering I have no job or assets, how likely is it that creditors will take legal action against me?
⠀⠀Additional Information:
- I understand that letting my debts default will negatively impact my credit score for up to six years.
- Filing for bankruptcy could provide immediate relief from creditors, but it also has long-term credit implications.
- I'm trying to weigh the stress and financial implications of both options to make the best decision for my mental health and financial future.
- Thanks again for any advice you can provide.
2024.05.18 23:01 nopainnorogaine Seeking Advice on Managing Over $20,000 in Debt While on Social Assistance Due to Mental Health/Addiction Issues
I'm reaching out for some advice on my current financial situation. Here's a bit of background:
Situation:
submitted by nopainnorogaine to PersonalFinanceCanada [link] [comments]
Situation:
- I am currently out of work due to severe mental health and addiction issues.
- I am relying on social assistance as my only source of income.
- My total debt amounts to over $20,000, mostly from credit cards.
- I still have around $60,000 of available credit that I haven't touched
- I have no significant assets (no house)
- I do have a financed vehicle that I owe more on than it's fair market value
- I'm able to make the monthly payments on the vehicle using the social assistance money
- I'm due to see my GP to get help with my mental health and have an appointment with a therapist
- I have no way to pay these debts given my current circumstances.
- I'm aware that my debts will eventually default if I don't make payments, but I'm concerned about the long-term impacts on my credit and mental health.
- I'm considering whether bankruptcy might be a viable option, but I'm worried about the associated costs and the process itself.
- Debt Default vs. Bankruptcy: Given my situation, would it be more beneficial to let my debts default rather than filing for bankruptcy? What are the long-term implications of each option on my credit and mental health?
- Social Assistance Protection: How protected are my social assistance payments from creditors? Can they garnish these payments if they obtain a court judgment?
- Stress Management: How can I manage the stress and mental health impacts of dealing with creditors and potential legal actions?
- Professional Help: Should I seek help from a credit counselor or a licensed insolvency trustee? What kind of assistance can they provide in my situation?
- Legal Action Likelihood: Considering I have no job or assets, how likely is it that creditors will take legal action against me?
Additional Information:
- I understand that letting my debts default will negatively impact my credit score for up to six years.
- Filing for bankruptcy could provide immediate relief from creditors, but it also has long-term credit implications.
- I'm trying to weigh the stress and financial implications of both options to make the best decision for my mental health and financial future.
2024.05.18 21:17 Direct-Ad2644 Ending my life tonight
Please don't judge me or be harsh or trolling. I can't handle it at this point in time right now.... I am just moments close to ending everything because I just can't handle it anymore. please if you judge me just keep it to yourself please..
I am on ssi and ssd getting 158 on the first and 805 on the 3rd. the ssd is after both my parents passed they put me on my dads disability drawing off what he earned working but I was originally on ssi to begin with.
I get about 963 a month total to live on. Right now I am in major debt with credit cards since covid broke out. I had to use them to live on.
I moved in with my aunt who is living in apartments based on income but they are not section 8 but they accept section 8. When i moved in, i was told by the manager i didn't need to put my income since i was a cotenant. that was 10 yrs ago. come to find out. i had to put my income now i am being sued by the housing authority for 10k, i owe two more years. my aunt and i pay 220 a month to them. they don't care what happened they just want their money.
i owe one credit card company 4.5k, another 1.8k another 600 and another 700. when i applied for them, it was 3 plus years ago. i put that i made around 700k a year when i applied to them but i was on ssdi at the time making around 11k a year. i went on the websites 3 months ago fixed the right info.
I live in a small town where nothing is available for the next 20 plus miles and have no transport. my aunt won't take me anywhere. her son who si in his late 30's lives with us and works. my aunt is on disability. I get food stamps right now worth a 130 a month which goes to my aunt even though its for me. i pay her 450 a month rent incl internet lights and 130 in food. if i don't give her the food stamps then i have to pay her another 130 a month i can't afford since all my stuff is going to her and credit cards. i legit have nothing left each month right now with having to buy myself instant mashed potatoes, oatmeal top ramen soup, noodles and spaghetti sauce. i live on that through the month.
when she buys food with the food stamps it feeds her son, me and her. but it is only enough to last a week, then for the next 3 weeks i am starving barely eating because i can't afford much when i do buy stuff that i can put in my bedroom to eat on.
past week now, there has been no food, her son has been taking his mom and him out to eat all week not bringing anything home for me. im so hungry. the nearest food bank is 4 miles away one way, but i have no way to get there my aunt won't take me they don't deliver and when i tried getting medicaid transport to take me they said they don't schedule rides except to and from the dr's.
I have no other family, I have no friends. I have no vehicle. been trying to get a minivan so I could live in it. I am sometimes bed ridden due to my bad joints/back/knees/feet/right leg nerve damage. I also struggle from morbid obesity I am around 500 lbs and funny thing is, with how little i eat. i should be losing weight but its the complete opposite.
I will be 47 yrs old when I am out of debt with the credit card companies, I tried filing bankruptcy no one will touch me being under 10k in debt with the credit card companies. i contacted legal aid, the attorney who called me back said he can't help me because its under 10k. but told me how to file but chances of me filing and getting it are slim to none esp without legal help he said.
im thinking of ending my life next month when my aunt and her son leave for a week. I just can't keep living like this. if i had a minivan I could stay in it, do door dash for extra money, I could get around trying to find an aparment based on income. I bene accepted a few times to low income places but had no way to get there and now with all the debt I wouldn't be able to afford having my own place with the credit card debt.
if i stop paying the cards, and the debt collectors come after me, they could take me to court and if they do, they could show the judge i said i made 700k a year and i didn't make that much and was on disability at the time and making only 11k a year. i found out while looking into bankruptcy that it is fraud and i could face prison time.
i just don't know what to do anymore. i really don't know what to do anymore other than ending things next month to get out of this situation i put myself in with my aunt, debt, etc. I just can't do it anymore esp without a vehicle. esp since I am bed ridden half of the day here and there due to my bad joints and weight that i have carried around for 30 yrs destroying my joints and causing nerve damage to my right leg. I can't just get up and go on the streets and live on the streets not with how badly im in pain every day esp just walking to the corner store. just a simple walk to the corner store and back and i am bed rested for an entire day barely able to move.
i can't do it anymore...
submitted by Direct-Ad2644 to depression [link] [comments]
I am on ssi and ssd getting 158 on the first and 805 on the 3rd. the ssd is after both my parents passed they put me on my dads disability drawing off what he earned working but I was originally on ssi to begin with.
I get about 963 a month total to live on. Right now I am in major debt with credit cards since covid broke out. I had to use them to live on.
I moved in with my aunt who is living in apartments based on income but they are not section 8 but they accept section 8. When i moved in, i was told by the manager i didn't need to put my income since i was a cotenant. that was 10 yrs ago. come to find out. i had to put my income now i am being sued by the housing authority for 10k, i owe two more years. my aunt and i pay 220 a month to them. they don't care what happened they just want their money.
i owe one credit card company 4.5k, another 1.8k another 600 and another 700. when i applied for them, it was 3 plus years ago. i put that i made around 700k a year when i applied to them but i was on ssdi at the time making around 11k a year. i went on the websites 3 months ago fixed the right info.
I live in a small town where nothing is available for the next 20 plus miles and have no transport. my aunt won't take me anywhere. her son who si in his late 30's lives with us and works. my aunt is on disability. I get food stamps right now worth a 130 a month which goes to my aunt even though its for me. i pay her 450 a month rent incl internet lights and 130 in food. if i don't give her the food stamps then i have to pay her another 130 a month i can't afford since all my stuff is going to her and credit cards. i legit have nothing left each month right now with having to buy myself instant mashed potatoes, oatmeal top ramen soup, noodles and spaghetti sauce. i live on that through the month.
when she buys food with the food stamps it feeds her son, me and her. but it is only enough to last a week, then for the next 3 weeks i am starving barely eating because i can't afford much when i do buy stuff that i can put in my bedroom to eat on.
past week now, there has been no food, her son has been taking his mom and him out to eat all week not bringing anything home for me. im so hungry. the nearest food bank is 4 miles away one way, but i have no way to get there my aunt won't take me they don't deliver and when i tried getting medicaid transport to take me they said they don't schedule rides except to and from the dr's.
I have no other family, I have no friends. I have no vehicle. been trying to get a minivan so I could live in it. I am sometimes bed ridden due to my bad joints/back/knees/feet/right leg nerve damage. I also struggle from morbid obesity I am around 500 lbs and funny thing is, with how little i eat. i should be losing weight but its the complete opposite.
I will be 47 yrs old when I am out of debt with the credit card companies, I tried filing bankruptcy no one will touch me being under 10k in debt with the credit card companies. i contacted legal aid, the attorney who called me back said he can't help me because its under 10k. but told me how to file but chances of me filing and getting it are slim to none esp without legal help he said.
im thinking of ending my life next month when my aunt and her son leave for a week. I just can't keep living like this. if i had a minivan I could stay in it, do door dash for extra money, I could get around trying to find an aparment based on income. I bene accepted a few times to low income places but had no way to get there and now with all the debt I wouldn't be able to afford having my own place with the credit card debt.
if i stop paying the cards, and the debt collectors come after me, they could take me to court and if they do, they could show the judge i said i made 700k a year and i didn't make that much and was on disability at the time and making only 11k a year. i found out while looking into bankruptcy that it is fraud and i could face prison time.
i just don't know what to do anymore. i really don't know what to do anymore other than ending things next month to get out of this situation i put myself in with my aunt, debt, etc. I just can't do it anymore esp without a vehicle. esp since I am bed ridden half of the day here and there due to my bad joints and weight that i have carried around for 30 yrs destroying my joints and causing nerve damage to my right leg. I can't just get up and go on the streets and live on the streets not with how badly im in pain every day esp just walking to the corner store. just a simple walk to the corner store and back and i am bed rested for an entire day barely able to move.
i can't do it anymore...
2024.05.18 21:17 Direct-Ad2644 Ending my life tonight
Please don't judge me or be harsh or trolling. I can't handle it at this point in time right now.... I am just moments close to ending everything because I just can't handle it anymore. please if you judge me just keep it to yourself please..
I am on ssi and ssd getting 158 on the first and 805 on the 3rd. the ssd is after both my parents passed they put me on my dads disability drawing off what he earned working but I was originally on ssi to begin with.
I get about 963 a month total to live on. Right now I am in major debt with credit cards since covid broke out. I had to use them to live on.
I moved in with my aunt who is living in apartments based on income but they are not section 8 but they accept section 8. When i moved in, i was told by the manager i didn't need to put my income since i was a cotenant. that was 10 yrs ago. come to find out. i had to put my income now i am being sued by the housing authority for 10k, i owe two more years. my aunt and i pay 220 a month to them. they don't care what happened they just want their money.
i owe one credit card company 4.5k, another 1.8k another 600 and another 700. when i applied for them, it was 3 plus years ago. i put that i made around 700k a year when i applied to them but i was on ssdi at the time making around 11k a year. i went on the websites 3 months ago fixed the right info.
I live in a small town where nothing is available for the next 20 plus miles and have no transport. my aunt won't take me anywhere. her son who si in his late 30's lives with us and works. my aunt is on disability. I get food stamps right now worth a 130 a month which goes to my aunt even though its for me. i pay her 450 a month rent incl internet lights and 130 in food. if i don't give her the food stamps then i have to pay her another 130 a month i can't afford since all my stuff is going to her and credit cards. i legit have nothing left each month right now with having to buy myself instant mashed potatoes, oatmeal top ramen soup, noodles and spaghetti sauce. i live on that through the month.
when she buys food with the food stamps it feeds her son, me and her. but it is only enough to last a week, then for the next 3 weeks i am starving barely eating because i can't afford much when i do buy stuff that i can put in my bedroom to eat on.
past week now, there has been no food, her son has been taking his mom and him out to eat all week not bringing anything home for me. im so hungry. the nearest food bank is 4 miles away one way, but i have no way to get there my aunt won't take me they don't deliver and when i tried getting medicaid transport to take me they said they don't schedule rides except to and from the dr's.
I have no other family, I have no friends. I have no vehicle. been trying to get a minivan so I could live in it. I am sometimes bed ridden due to my bad joints/back/knees/feet/right leg nerve damage. I also struggle from morbid obesity I am around 500 lbs and funny thing is, with how little i eat. i should be losing weight but its the complete opposite.
I will be 47 yrs old when I am out of debt with the credit card companies, I tried filing bankruptcy no one will touch me being under 10k in debt with the credit card companies. i contacted legal aid, the attorney who called me back said he can't help me because its under 10k. but told me how to file but chances of me filing and getting it are slim to none esp without legal help he said.
im thinking of ending my life next month when my aunt and her son leave for a week. I just can't keep living like this. if i had a minivan I could stay in it, do door dash for extra money, I could get around trying to find an aparment based on income. I bene accepted a few times to low income places but had no way to get there and now with all the debt I wouldn't be able to afford having my own place with the credit card debt.
if i stop paying the cards, and the debt collectors come after me, they could take me to court and if they do, they could show the judge i said i made 700k a year and i didn't make that much and was on disability at the time and making only 11k a year. i found out while looking into bankruptcy that it is fraud and i could face prison time.
i just don't know what to do anymore. i really don't know what to do anymore other than ending things next month to get out of this situation i put myself in with my aunt, debt, etc. I just can't do it anymore esp without a vehicle. esp since I am bed ridden half of the day here and there due to my bad joints and weight that i have carried around for 30 yrs destroying my joints and causing nerve damage to my right leg. I can't just get up and go on the streets and live on the streets not with how badly im in pain every day esp just walking to the corner store. just a simple walk to the corner store and back and i am bed rested for an entire day barely able to move.
i can't do it anymore...
submitted by Direct-Ad2644 to SuicideWatch [link] [comments]
I am on ssi and ssd getting 158 on the first and 805 on the 3rd. the ssd is after both my parents passed they put me on my dads disability drawing off what he earned working but I was originally on ssi to begin with.
I get about 963 a month total to live on. Right now I am in major debt with credit cards since covid broke out. I had to use them to live on.
I moved in with my aunt who is living in apartments based on income but they are not section 8 but they accept section 8. When i moved in, i was told by the manager i didn't need to put my income since i was a cotenant. that was 10 yrs ago. come to find out. i had to put my income now i am being sued by the housing authority for 10k, i owe two more years. my aunt and i pay 220 a month to them. they don't care what happened they just want their money.
i owe one credit card company 4.5k, another 1.8k another 600 and another 700. when i applied for them, it was 3 plus years ago. i put that i made around 700k a year when i applied to them but i was on ssdi at the time making around 11k a year. i went on the websites 3 months ago fixed the right info.
I live in a small town where nothing is available for the next 20 plus miles and have no transport. my aunt won't take me anywhere. her son who si in his late 30's lives with us and works. my aunt is on disability. I get food stamps right now worth a 130 a month which goes to my aunt even though its for me. i pay her 450 a month rent incl internet lights and 130 in food. if i don't give her the food stamps then i have to pay her another 130 a month i can't afford since all my stuff is going to her and credit cards. i legit have nothing left each month right now with having to buy myself instant mashed potatoes, oatmeal top ramen soup, noodles and spaghetti sauce. i live on that through the month.
when she buys food with the food stamps it feeds her son, me and her. but it is only enough to last a week, then for the next 3 weeks i am starving barely eating because i can't afford much when i do buy stuff that i can put in my bedroom to eat on.
past week now, there has been no food, her son has been taking his mom and him out to eat all week not bringing anything home for me. im so hungry. the nearest food bank is 4 miles away one way, but i have no way to get there my aunt won't take me they don't deliver and when i tried getting medicaid transport to take me they said they don't schedule rides except to and from the dr's.
I have no other family, I have no friends. I have no vehicle. been trying to get a minivan so I could live in it. I am sometimes bed ridden due to my bad joints/back/knees/feet/right leg nerve damage. I also struggle from morbid obesity I am around 500 lbs and funny thing is, with how little i eat. i should be losing weight but its the complete opposite.
I will be 47 yrs old when I am out of debt with the credit card companies, I tried filing bankruptcy no one will touch me being under 10k in debt with the credit card companies. i contacted legal aid, the attorney who called me back said he can't help me because its under 10k. but told me how to file but chances of me filing and getting it are slim to none esp without legal help he said.
im thinking of ending my life next month when my aunt and her son leave for a week. I just can't keep living like this. if i had a minivan I could stay in it, do door dash for extra money, I could get around trying to find an aparment based on income. I bene accepted a few times to low income places but had no way to get there and now with all the debt I wouldn't be able to afford having my own place with the credit card debt.
if i stop paying the cards, and the debt collectors come after me, they could take me to court and if they do, they could show the judge i said i made 700k a year and i didn't make that much and was on disability at the time and making only 11k a year. i found out while looking into bankruptcy that it is fraud and i could face prison time.
i just don't know what to do anymore. i really don't know what to do anymore other than ending things next month to get out of this situation i put myself in with my aunt, debt, etc. I just can't do it anymore esp without a vehicle. esp since I am bed ridden half of the day here and there due to my bad joints and weight that i have carried around for 30 yrs destroying my joints and causing nerve damage to my right leg. I can't just get up and go on the streets and live on the streets not with how badly im in pain every day esp just walking to the corner store. just a simple walk to the corner store and back and i am bed rested for an entire day barely able to move.
i can't do it anymore...
2024.05.18 21:04 JustShayShay Married need to file chp 13 separately
We live in California- my spouse is in finance. I have heavy cc debt and a personal loan with monthly minimum payments at $1700 and about $10k in collections. My spouse CAN NOT have a bankruptcy on their record or it will affect their job. Is it possible to file separate and not use spouse info? We have 3 cars we are paying on with only 1 in my name, we rent in CA, own a home in GA in spouses name. I also make more than my spouse. I got behind on the personal loan which is now not manageable. This debt is bringing me to tears. I’m not sure how to fix this. I have spoken to 2 different lawyers in which one is confident it wouldn’t show up for my spouse while the other wasn’t as confident. I’m not sure what to do. We file taxes together and share that debt, we live together and technically share/pay bills through a joint checking account. The CC debt and personal loan are all in my name alone.
Any help is greatly appreciated
submitted by JustShayShay to Bankruptcy [link] [comments]
Any help is greatly appreciated
2024.05.18 19:29 Hour_Temporary3492 Upside Down - Farmers Credit Union Debt
I purchased a book back in 2022 and it was the biggest mistake of my adult life. I’m currently in debt so far and see no light at the end of this tunnel.
Would anyone here just walk away and file bankruptcy? Amy suggestions? I owe more than anyone would be willing to pay for this pile of shit.
It’s getting so stressful to keep up with the Farmers BS, commission cuts, bonus cuts, everything cuts!
Saddest part of this is that it could’ve been great! We sell against our own direct agents and can’t offer the same product discounts that they offer. Insane!
How do they have us classed as independent agents? We can’t shop! I feel like we’re employees and with all the pay cuts and commission cuts that’s a real problem.
What would you do? Wait it out for brighter days or close up shop?
submitted by Hour_Temporary3492 to farmersinsurance [link] [comments]
Would anyone here just walk away and file bankruptcy? Amy suggestions? I owe more than anyone would be willing to pay for this pile of shit.
It’s getting so stressful to keep up with the Farmers BS, commission cuts, bonus cuts, everything cuts!
Saddest part of this is that it could’ve been great! We sell against our own direct agents and can’t offer the same product discounts that they offer. Insane!
How do they have us classed as independent agents? We can’t shop! I feel like we’re employees and with all the pay cuts and commission cuts that’s a real problem.
What would you do? Wait it out for brighter days or close up shop?
2024.05.18 19:12 TechnicalGazelle1563 Seriously broke
I'm hoping for legit recommendations. Thanks but no shaming please. Trust me, I'm physically and emotionally sick over this.
I have racked up more debt than my family (even spouse) knows about and an amount I can never repay in my lifetime.
I work full-time, carry the benefits for my family, including an adult disabled son who now needs hip replacement surgeries. I have a somewhat modest 401k I can't touch till I leave the company.
Outside of bankruptcy or a second mortgage on my home, I can't think of a way out.
Any ideas?
submitted by TechnicalGazelle1563 to povertyfinance [link] [comments]
I have racked up more debt than my family (even spouse) knows about and an amount I can never repay in my lifetime.
I work full-time, carry the benefits for my family, including an adult disabled son who now needs hip replacement surgeries. I have a somewhat modest 401k I can't touch till I leave the company.
Outside of bankruptcy or a second mortgage on my home, I can't think of a way out.
Any ideas?
2024.05.18 18:29 EatingBuddha3 Creative Windfall Allocation? Please help me figure out how to throw $25k at $75k of ish...
The relevant facts: I am 55, in USA, and about to receive a $25k cash divorce settlement. My credit is pretty crappy. I have $25k in unsecured debt that is current, $25k in bad/charged-off unsecured debt, and an auto lease that is about to term (11/24) in which I have a favorable equity/residual position and can buy for around $22k all in, all done.
My original plan was to use the cash to purchase my car with a few $k left to cover attorney fees and some miscellaneous expenses. I have to move soon and my rent is going up (will offset the lack of a car payment) so I am looking at 4+ more years of tight budget, rice and beans, and an inability to better prepare for my rapidly approaching retirement.
I could use the settlement to pay off the current unsecured debt which would free up about $550/month, but my auto lease extension runs out in November, and I'm not sure if that's enough time for my credit to improve to the point I could get reasonable financing for the lease buyout. I do need a car to live/work, etc. and this vehicle represents my best odds at an affordable, reliable car. In this scenario, I think it would still be very tight budget-wise as low/no down payment and higher interest due to bad credit would make car payment $400+ for 4-6 years
I could just buy the car and try to flip it, maybe make $5k, and then look for a 12 year-old Camry or something and potentially solve both the current debt and transportation problem and leave me some budget room to address the old charge-off and retirement savings. This feels risky.
Then there's the possibility of CH7 (I qualify) but would have to get creative/borderline unethical to protect/reduce the equity in my vehicle to keep it. I feel some kind of way about bankruptcy (ethically), but my credit is already trash and I'm kind of exhausted generally, so I'm open to anything.
I'm (obviously) terrible with money and feel like I don't understand what else I could do to best manage this windfall to improve my situation. Are there other ways I could/should be imagining this? Please help! Thank you so much...
submitted by EatingBuddha3 to personalfinance [link] [comments]
My original plan was to use the cash to purchase my car with a few $k left to cover attorney fees and some miscellaneous expenses. I have to move soon and my rent is going up (will offset the lack of a car payment) so I am looking at 4+ more years of tight budget, rice and beans, and an inability to better prepare for my rapidly approaching retirement.
I could use the settlement to pay off the current unsecured debt which would free up about $550/month, but my auto lease extension runs out in November, and I'm not sure if that's enough time for my credit to improve to the point I could get reasonable financing for the lease buyout. I do need a car to live/work, etc. and this vehicle represents my best odds at an affordable, reliable car. In this scenario, I think it would still be very tight budget-wise as low/no down payment and higher interest due to bad credit would make car payment $400+ for 4-6 years
I could just buy the car and try to flip it, maybe make $5k, and then look for a 12 year-old Camry or something and potentially solve both the current debt and transportation problem and leave me some budget room to address the old charge-off and retirement savings. This feels risky.
Then there's the possibility of CH7 (I qualify) but would have to get creative/borderline unethical to protect/reduce the equity in my vehicle to keep it. I feel some kind of way about bankruptcy (ethically), but my credit is already trash and I'm kind of exhausted generally, so I'm open to anything.
I'm (obviously) terrible with money and feel like I don't understand what else I could do to best manage this windfall to improve my situation. Are there other ways I could/should be imagining this? Please help! Thank you so much...
2024.05.18 18:20 Sikarnix Med School list good?
Hey everyone, I'm applying MD this year and wanted to see if I'm applying well. 507 MCAT, 3.9 GPA. Low non-clinical volunteer, high clinical paid, ORM
submitted by Sikarnix to premed [link] [comments]
- Albany Medical College
- Anne Burnett Marion School of Medicine at TCU
- Central Michigan University College of Medicine
- Drexel University College of Medicine
- East Tennessee State University James H. Quillen College of Medicine
- Eastern Virginia Medical School
- Florida International University Herbert Wertheim College of Medicine
- Florida State University College of Medicine
- Frank H. Netter MD School of Medicine at Quinnipiac University
- Frederick P. Whiddon College of Medicine at the University of South Alabama
- George Washington University School of Medicine and Health Sciences
- Georgetown University School of Medicine
- Howard University College of Medicine
- Jacobs School of Medicine and Biomedical Sciences at the University at Buffalo
- Lewis Katz School of Medicine at Temple University
- Louisiana State University School of Medicine in Shreveport
- Marshall University Joan C. Edwards School of Medicine
- Meharry Medical College
- Michigan State University College of Human Medicine
- Morehouse School of Medicine
- Northeast Ohio Medical University
- Oakland University William Beaumont School of Medicine
- Pennsylvania State University College of Medicine
- Robert Larner, M.D., College of Medicine at the University of Vermont
- Rush Medical College of Rush University Medical Center
- The University of Toledo College of Medicine and Life Sciences
- Thomas F. Frist, Jr. College of Medicine at Belmont University
- Tulane University School of Medicine
- University of Alabama at Birmingham Marnix E. Heersink School of Medicine
- University of Arizona College of Medicine – Tucson
- University of Arkansas for Medical Sciences College of Medicine
- University of Kansas School of Medicine
- University of Kentucky College of Medicine
- University of Louisville School of Medicine
- University of Missouri-Columbia School of Medicine
- University of Tennessee Health Science Center College of Medicine
- University of Virginia School of Medicine
- Virginia Commonwealth University School of Medicine
- Virginia Tech Carilion School of Medicine
- Wayne State University School of Medicine
- West Virginia University School of Medicine
- Western Michigan University Homer Stryker M.D. School of Medicine
- Wright State University Boonshoft School of Medicine
2024.05.18 17:55 35242 Operation Night Rider strikes again!
*Knight Rider. Okay, now I'm seriously impressed!
Great job Birmingham police!
https://abc3340.com/news/local/alabama-jefferson-county-birmingham-police-department-operation-knight-rider-arrests-may-2024-cars-recovered-impounded-guns-seized-update
submitted by 35242 to Birmingham [link] [comments]
Great job Birmingham police!
https://abc3340.com/news/local/alabama-jefferson-county-birmingham-police-department-operation-knight-rider-arrests-may-2024-cars-recovered-impounded-guns-seized-update
2024.05.18 17:18 Puzzleheaded-Hall546 My take of the US Commonwealth System, as well as info for 2025 (Note: This an AU on a less McCarthyism America. The culture is Progressive Mid-60s)
 | Commonwealths: 1. New England (Capital-Boston. Maine, New Hampshire, Vermont, Massachusetts, Connecticut, Rhode Island, St. Pierre and Miquelon) 2. North Eastern (Capital-Albany. New York, Pennsylvania, New Jersey) 3. Columbian (Capital-Richmond. Virginia, West Virginia, Maryland, Delaware. Washington D.C.) 4. Carolinian (Capital-Nashville. North Carolina, South Carolina, Tennessee) 5. South Eastern (Capital-Atlanta. Georgia, Alabama, Florida, Puerto Rico, Virgin Islands, Navassa Island) 6. Mississippi (Capital-Baton Rouge. Louisiana, Mississippi, Arkansas) 7. Midwest (Capital-Indianapolis, Kentucky, Ohio, Illinois, Indiana, Michigan, Wisconsin) 8. Northern (Capital-St. Paul. Minnesota, North Dakota, South Dakota, Montana, Wyoming) 9. Central (Capital-Lincoln. Missouri, Kansas, Iowa, Nebraska) 10. Texlahoma (Capital-Austin. Texas, Oklahoma) 11. Four Corners (Capital-Phoenix. Arizona, Utah, New Mexico, Colorado) 12. South Pacific (Capital-Sacramento. California, Nevada, Hawaii, Johnston Atoll) 13. North Pacific (Capital-Boise. Idaho, Washington, Oregon, Alaska) Federal Territories: 1. Guantanamo Bay 2. Panama Canal submitted by Puzzleheaded-Hall546 to ImaginaryFallout [link] [comments] Notes: * Name: United States of America (USA) * Government: Constitutional Federated Presidential Republic (Multi-Party System) * Foundation: July 4, 1776 * Official Language: N/A (English being the most common) * Official Religion: N/A (Christianity being the most common) * Capital: Washington D.C. * National Motto: E Pluribus Unum * Country Age: 247 * Population: 341.55 Million * Total GDP: 29.5 Trillion * Total Commonwealths: 13 * Total Square Miles: 3,802,956 * Total Square Kilometers: 9,849,638 * Top 25 Cities: 1. New York City 2. Los Angeles 3. Chicago 4. Houston 5. Detroit 6. Phoenix 7. Philadelphia 8. San Antonio 9. San Diego 10. Dallas 11. Austin 12. Jacksonville 13. San Jose 14. Fort Worth 15. Columbus 16. Charlotte 17. Indianapolis 18. San Francisco 19. Seattle 20. Denver 21. Oklahoma City 22. Nashville 23. El Paso 24. Washington D.C. 25. Las Vegas * Total Life Expectancy: 80.01 Years * Happiness Rank: 6th * Education Rank: 5th * Crime Index: 27.6 * Homeless: 5 per 10,000 people * Poverty: 6.7% * Unemployment: 3.1% * Obesity Rate: 8% of the population * Inflation: 1.7% * Brith Rate/Population Growth: Slow * IMR: 5.1 per 1,000 live births * Economy Type: Mixed Economy * HDI: 0.935 (Very High) * Gini: 26.4 * Democratic Index: 8.21 * National Debt: 600 Billion * Internal Stability: 97% * War Support: 20% * Currency: US Dollar * Measurement Systems: Imperial and Metric * Major Sources of Power: Hydro, Nuclear, Solar, Wind, Coal, Natural Gas, Geothermal * National Anthem: Star-Spangled Banner * National Bird: Bald Eagle * National Flower: Rose * Major Parties: Democratic, Republican, Independent * Minor Parties: Dozens of them * Voting System: 10 candidates from each major party run for President. Every candidate from each party go through election rounds and debates until 1 candidate from every party makes it to Election Night. Whoever gets the majority of votes wins. Senators, Representatives, and Justices work the same in our timeline. * Presidential Term: 2 Terms (4 years) * SenatoRepresentative Term: 5 Terms (2 years) * Justice Term: 20 years * Total number of Presidents: 46 * President Age: 35 min/75 max * SenatoRepresentative Age: 25 min/65 max * Justice Age: 30 min/80 max * Military Size: The USA, as of current standing, has over 1,140,000 well-trained, active servicemen and women, with over 800,000 in reserves. * Military Branches: Army, Marines, Air Force, Navy, National Guard, Coast Guard, Space Force. * Current Status: Hyperpower |
2024.05.18 17:13 Rainyfriedtofu Nasdaq's rules and Clov Delisting: beating a dead horse deader
Hello Fellow Apes,
I just want to take a quick moment to revisit the Nasdaq's rules and how it would pertain to Clover Healthcare's delisting procedure. I want to do this for two reasons: 1) I want to get ahead of the short sellers' FUD thesis, and 2) I want to revisit the post I made a month ago called "Nasdaq's rules and procedures pertaining to Clover Health." https://www.reddit.com/Healthcare_Anon/comments/1bx2eeg/nasdaqs_rules_and_procedures_pertaining_to_clove
Currently, retail short sellers do not have a basis to spread FUD (fear, uncertainty, and doubt) about Clover Health (CLOV). Additionally, my recent post has highlighted the coordinated efforts to short the stock and brought attention to the fact that a group of us has been reporting activities on the Clover Health subreddit to the SEC and Clover's Investor Relations.
https://www.reddit.com/Healthcare_Anon/comments/1ctvrx7/clov_as_a_meme_clovs_reddit_and_andrews_recent/
In short, our filings with these entities revealed a high correlation (R = 0.97 with a P-value of 0.001) between the "dog whistle" share price and the actual share price of the stock after running statistical tests. Our dataset covered several months. An R value of 0.97 in a correlation test indicates a very strong positive linear relationship between the two variables.
Additionally, contrasting this with the recent meme stock frenzy fueled by figures like Roaring Kitty and Ryan Cohen, hundreds of thousands of people have lost substantial amounts of money due to the activities of retail short sellers. Unlike institutional traders, there are currently no sufficient laws or enforcement mechanisms to regulate these retail short sellers. This lack of oversight prompted us to start documenting and collecting data on Clover Health (CLOV). Our goal is to contribute to the end to such predatory market manipulation behaviors. Companies such as AMC and GME are doomed to fail. However, the case with Clov is different because the company is profitable, sustainable, and gearing up to expand and address the changes to healthcare.
https://www.cnbc.com/2024/05/17/gamestop-shares-fall-after-it-files-to-sell-securities-says-first-quarter-sales-declined.html
I know what you guys are thinking, "Why are you bringing this up again?" Do you guys remember one of the procedures for Nasdaq's delisting that I wrote a month ago?
"When a company listed on the Nasdaq stock market receives a notice of noncompliance, it means that the company has failed to meet one or more of the Nasdaq's listing requirements. The timeline for potential delisting following a noncompliance notice varies depending on the specific rule that has been violated. Generally, companies are given a compliance period during which they can regain compliance with the Nasdaq's listing standards. This period can range from 30 days to 180 days, or sometimes even longer, especially if the company decides to appeal against the delisting decision or if the noncompliance is related to financial or reporting issues which have specific cure periods.
After the compliance period ends, if the company has not regained compliance or has not made satisfactory progress towards compliance, as determined by the Nasdaq, the exchange may issue a delisting notice. The company can appeal this decision, which may further extend the process. Currently, Clov has several good reasons and evidence to further extend the process. However, I cannot speak on this because of two reasons:
I'll provide a more detailed write-up later, but for now, I wanted to reassure you that the potential for Clover Health's delisting or reverse stock split is very low. The delisting and reverse stock split are the only kind of theses I anticipate the brigades can make. Otherwise, the only thing that they have are memes.
submitted by Rainyfriedtofu to Healthcare_Anon [link] [comments]
I just want to take a quick moment to revisit the Nasdaq's rules and how it would pertain to Clover Healthcare's delisting procedure. I want to do this for two reasons: 1) I want to get ahead of the short sellers' FUD thesis, and 2) I want to revisit the post I made a month ago called "Nasdaq's rules and procedures pertaining to Clover Health." https://www.reddit.com/Healthcare_Anon/comments/1bx2eeg/nasdaqs_rules_and_procedures_pertaining_to_clove
Currently, retail short sellers do not have a basis to spread FUD (fear, uncertainty, and doubt) about Clover Health (CLOV). Additionally, my recent post has highlighted the coordinated efforts to short the stock and brought attention to the fact that a group of us has been reporting activities on the Clover Health subreddit to the SEC and Clover's Investor Relations.
https://www.reddit.com/Healthcare_Anon/comments/1ctvrx7/clov_as_a_meme_clovs_reddit_and_andrews_recent/
In short, our filings with these entities revealed a high correlation (R = 0.97 with a P-value of 0.001) between the "dog whistle" share price and the actual share price of the stock after running statistical tests. Our dataset covered several months. An R value of 0.97 in a correlation test indicates a very strong positive linear relationship between the two variables.
Additionally, contrasting this with the recent meme stock frenzy fueled by figures like Roaring Kitty and Ryan Cohen, hundreds of thousands of people have lost substantial amounts of money due to the activities of retail short sellers. Unlike institutional traders, there are currently no sufficient laws or enforcement mechanisms to regulate these retail short sellers. This lack of oversight prompted us to start documenting and collecting data on Clover Health (CLOV). Our goal is to contribute to the end to such predatory market manipulation behaviors. Companies such as AMC and GME are doomed to fail. However, the case with Clov is different because the company is profitable, sustainable, and gearing up to expand and address the changes to healthcare.
https://www.cnbc.com/2024/05/17/gamestop-shares-fall-after-it-files-to-sell-securities-says-first-quarter-sales-declined.html
I know what you guys are thinking, "Why are you bringing this up again?" Do you guys remember one of the procedures for Nasdaq's delisting that I wrote a month ago?
"When a company listed on the Nasdaq stock market receives a notice of noncompliance, it means that the company has failed to meet one or more of the Nasdaq's listing requirements. The timeline for potential delisting following a noncompliance notice varies depending on the specific rule that has been violated. Generally, companies are given a compliance period during which they can regain compliance with the Nasdaq's listing standards. This period can range from 30 days to 180 days, or sometimes even longer, especially if the company decides to appeal against the delisting decision or if the noncompliance is related to financial or reporting issues which have specific cure periods.
After the compliance period ends, if the company has not regained compliance or has not made satisfactory progress towards compliance, as determined by the Nasdaq, the exchange may issue a delisting notice. The company can appeal this decision, which may further extend the process. Currently, Clov has several good reasons and evidence to further extend the process. However, I cannot speak on this because of two reasons:
- It's uncertain whether Clover Health's Investor Relations (IR) team will instruct their legal team to formally present their reasons for noncompliance to Nasdaq. They have legitimate reasons, including being targeted by retail short sellers, but I'll not delve into those details in this post.
- Considering Clover Health's financial situation, as evidenced by their 10-K reports and their operational runway, it's possible they may not need to utilize the full 180-day grace period before appealing Nasdaq's notice. Moocao plans to conduct a detailed analysis (DD) of their financial statements, which suggest the company is in a strong position. The launch of their Software as a Service (SaaS) platform and the anticipation of approximately $100 million in revenue could potentially disrupt the strategies of retail short sellers, possibly leading to their financial downturn. However, the outcome of the first quarter's earnings report (Q1 ER) remains to be seen, presenting Clover Health with two potential paths forward. I'm only speculating SaaS contracts because why would you hire SaaS staff, request to generate more shares to pay those staff, and not have work or activities for them to do right now? This is a lot of money to spend on something that have no contracts. Therefore, I speculate they will announce their SaaS the same way that they announced their home care last year."
- Strong Financial Health: The company is performing exceptionally well and is far from facing bankruptcy. Despite this, short sellers have excessively shorted the stock, pushing it to levels suggesting financial distress, and they have coordinated efforts to sway public sentiment negatively. https://www.reddit.com/Healthcare_Anon/comments/1cp786f/clover_q1_2024_earnings_analysis_earnings_call10q/
- Proactive Measures: Clover Health is actively working to enhance shareholder value, including implementing a share buyback program.
- Prepared for Appeals: We have already prepared the necessary reports for Clover Health to file an appeal with Nasdaq, should it fail to meet compliance standards within 180 days. However, given the company's current trajectory, it's unlikely that an appeal will be necessary as we anticipate Clover Health will regain compliance soon.
I'll provide a more detailed write-up later, but for now, I wanted to reassure you that the potential for Clover Health's delisting or reverse stock split is very low. The delisting and reverse stock split are the only kind of theses I anticipate the brigades can make. Otherwise, the only thing that they have are memes.
2024.05.18 16:55 MisfortunateFortune Should I file chapter 7?
I (M, 29) am looking into filing chapter 7 bankruptcy. I feel I'm in an inescapable pit due to a combination of my own decisions and circumstances. I suppose that's true of everyone.
I was laid off from a job a few years ago that paid too poorly for me to have savings. I had maxed out credit cards while trying to stay afloat. I started a new job, rebuilt a bit, and then moved to a city where I've met the love of my life.
Things were rough but manageable, and I was happy. I then began struggling with a sleep disorder called idiopathic hypersomnia. I have narcolepsy or another neurological dysfunction. I was unable to complete full shifts and began losing income and performing poorly. I was unmedicated for several months, and this severely impacted my income and personal life.
I applied for short-term disability through my employer's insurance program. I was told by my employer that partial disability wasn't covered, but then told by the insurance company that it was. They gave me a lump sum payment for the time I was unable to work, and I used this to pay bills and rent right away. I asked how taxes were handled and was told there would be a deduction and that I could select a percentage to hold as well. I held the minimum recommended amount since there was the additional deduction.
I was then laid off along with my entire department. I applied for unemployment but didn't receive it for several months while the state investigated my income due to the disability payment received. They also wanted to be certain I could still work.
During this time, I received my W2s for my former work and for the disability payment. The disability w2 showed around $3000 more income than I had received, which was listed as 'deduction' on the paperwork from the insurance company. I assumed and was told this was for taxes, but I now was being taxed for the $3000 deduction, and would not be receiving it.
I called and was told they'd investigate, and then received a call from my former employer asking why I received a partial disability payment and that it wasn't standard. I double-checked the policy and found it was included, but I haven't heard back regarding the deduction other than a statement that it was 'part of the policy'. I've asked for clarification on what the deduction was for and how I can be taxed for it if I haven't received it, and was told it's standard policy and that I had agreed to that by using their insurance.
So I now owe income tax for an additional $3000 of income, as well as income tax for something I thought was already covered. I owe several thousand in taxes, in addition to having several thousand in credit debts and a restructurement loan since I had to rely on these cards while waiting for unemployment and food stamps.
It took around 150 applications and 4 months to land a new job. My new job pays around the same as my old, but I am not making enough to be able to pay the taxes in time, while still paying all of my debts, while still paying rent.
I want to marry my girlfriend. I love her dearly. I'm almost 30. Bankruptcy wouldn'tfall off until 40. Could I ever get a home in that time? Would that impact her if we get married?
I don't have money to fight this weird legal battle with these insurance companies, and the companies that hold my debts (not yet in collections) are completely inflexible about payments. I don't qualify for any kind of financial assistance due to my income.
I feel like I'm drowning, and bankruptcy seems like a horribly double-edged sword.
For the first time in my life I have something so precious, I want a family and have never felt this way before, but I don't want to ruin her life with all of these problems. I don't know what to do.
I have around $20,000 in debt for loans and cards, and owe another $4000 for taxes.
I make $78,000/year before taxes and insurance, realistically around $4000/month. My rent is $2200 after utilities and parking. My car is $350/month with insurance. Internet is $80/month. Phone bill is $100/month. My dog is around $100/month. Groceries and household items are around $400/month. I'm regularly paying insurance copays for various tests and treatments at $40/visit. My medication at any point in time could start costing $900 or more per bottle if the coupons I'm using suddenly disappear or stop working. I need maintenance done on my car. I'm always late on rent because of this cycle and timing, so I'm always paying an extra $200 for rent.
It feels like there's no end. How long do I have before I get thrown in jail because I was told I had taxes set aside and didn't? I applied for a 180-day payment deferral on the IRS site, but time is ticking and I can't save money, and that doesn't deal with the state taxes owed. I'm constantly bombarded with calls from the debt collectors for the credit card payments I'm juggling every month, and being eaten alive by late fees and interest.
I've sold a bunch of my belongings to try and make some cash back. I took a risk and bought options contracts and profited, but that's too risky and terrifying to be a consistent strategy.
I don't know what the right decisions are, and I do not have friends or family to turn to. The only person I have is my girlfriend, and she can tell I'm always stressed and struggling because of these things. I would never ask her for money, and know that she wouldn't be able to provide significant help with her income. And again, I don't want her finances to be impacted long term because of my stupidity and misfortune.
I know I should get legal assistance with some of these issues, but that's significantly more money than I can find right now. Is there a way out of this, or should I be filing bankruptcy?
tl;dr
I was given a lump-sum short term disability payment, and was told some was deducted for taxes. The amount deducted was instead for 'policy', and I now owe that amount in taxes plus tax for that amount as income. I do not have money for legal services.
I have significant debt, and it's impossible to manage while juggling rent and bills. I am running out of time to pay the taxes I owe.
I want to marry my girlfriend. I want to live in a small home with a yard with her. Can I buy a house with a bankruptcy? Will my bankruptcy damage her finances and credit if we marry? Should I even be filing bankruptcy? What are my options?
submitted by MisfortunateFortune to personalfinance [link] [comments]
I was laid off from a job a few years ago that paid too poorly for me to have savings. I had maxed out credit cards while trying to stay afloat. I started a new job, rebuilt a bit, and then moved to a city where I've met the love of my life.
Things were rough but manageable, and I was happy. I then began struggling with a sleep disorder called idiopathic hypersomnia. I have narcolepsy or another neurological dysfunction. I was unable to complete full shifts and began losing income and performing poorly. I was unmedicated for several months, and this severely impacted my income and personal life.
I applied for short-term disability through my employer's insurance program. I was told by my employer that partial disability wasn't covered, but then told by the insurance company that it was. They gave me a lump sum payment for the time I was unable to work, and I used this to pay bills and rent right away. I asked how taxes were handled and was told there would be a deduction and that I could select a percentage to hold as well. I held the minimum recommended amount since there was the additional deduction.
I was then laid off along with my entire department. I applied for unemployment but didn't receive it for several months while the state investigated my income due to the disability payment received. They also wanted to be certain I could still work.
During this time, I received my W2s for my former work and for the disability payment. The disability w2 showed around $3000 more income than I had received, which was listed as 'deduction' on the paperwork from the insurance company. I assumed and was told this was for taxes, but I now was being taxed for the $3000 deduction, and would not be receiving it.
I called and was told they'd investigate, and then received a call from my former employer asking why I received a partial disability payment and that it wasn't standard. I double-checked the policy and found it was included, but I haven't heard back regarding the deduction other than a statement that it was 'part of the policy'. I've asked for clarification on what the deduction was for and how I can be taxed for it if I haven't received it, and was told it's standard policy and that I had agreed to that by using their insurance.
So I now owe income tax for an additional $3000 of income, as well as income tax for something I thought was already covered. I owe several thousand in taxes, in addition to having several thousand in credit debts and a restructurement loan since I had to rely on these cards while waiting for unemployment and food stamps.
It took around 150 applications and 4 months to land a new job. My new job pays around the same as my old, but I am not making enough to be able to pay the taxes in time, while still paying all of my debts, while still paying rent.
I want to marry my girlfriend. I love her dearly. I'm almost 30. Bankruptcy wouldn'tfall off until 40. Could I ever get a home in that time? Would that impact her if we get married?
I don't have money to fight this weird legal battle with these insurance companies, and the companies that hold my debts (not yet in collections) are completely inflexible about payments. I don't qualify for any kind of financial assistance due to my income.
I feel like I'm drowning, and bankruptcy seems like a horribly double-edged sword.
For the first time in my life I have something so precious, I want a family and have never felt this way before, but I don't want to ruin her life with all of these problems. I don't know what to do.
I have around $20,000 in debt for loans and cards, and owe another $4000 for taxes.
I make $78,000/year before taxes and insurance, realistically around $4000/month. My rent is $2200 after utilities and parking. My car is $350/month with insurance. Internet is $80/month. Phone bill is $100/month. My dog is around $100/month. Groceries and household items are around $400/month. I'm regularly paying insurance copays for various tests and treatments at $40/visit. My medication at any point in time could start costing $900 or more per bottle if the coupons I'm using suddenly disappear or stop working. I need maintenance done on my car. I'm always late on rent because of this cycle and timing, so I'm always paying an extra $200 for rent.
It feels like there's no end. How long do I have before I get thrown in jail because I was told I had taxes set aside and didn't? I applied for a 180-day payment deferral on the IRS site, but time is ticking and I can't save money, and that doesn't deal with the state taxes owed. I'm constantly bombarded with calls from the debt collectors for the credit card payments I'm juggling every month, and being eaten alive by late fees and interest.
I've sold a bunch of my belongings to try and make some cash back. I took a risk and bought options contracts and profited, but that's too risky and terrifying to be a consistent strategy.
I don't know what the right decisions are, and I do not have friends or family to turn to. The only person I have is my girlfriend, and she can tell I'm always stressed and struggling because of these things. I would never ask her for money, and know that she wouldn't be able to provide significant help with her income. And again, I don't want her finances to be impacted long term because of my stupidity and misfortune.
I know I should get legal assistance with some of these issues, but that's significantly more money than I can find right now. Is there a way out of this, or should I be filing bankruptcy?
tl;dr
I was given a lump-sum short term disability payment, and was told some was deducted for taxes. The amount deducted was instead for 'policy', and I now owe that amount in taxes plus tax for that amount as income. I do not have money for legal services.
I have significant debt, and it's impossible to manage while juggling rent and bills. I am running out of time to pay the taxes I owe.
I want to marry my girlfriend. I want to live in a small home with a yard with her. Can I buy a house with a bankruptcy? Will my bankruptcy damage her finances and credit if we marry? Should I even be filing bankruptcy? What are my options?