Hovnanian homes bankruptcy
Life gave me a few lemons this week.
2024.05.21 06:11 Bitter-Anteater5233 Life gave me a few lemons this week.
Last week I (38m) finalized my divorce. I got $20k and had to pay my lawyer $14k (custody issues) leaving me with $6k.
Yesterday my truck was stolen with my girlfriend’s $2k bike and my $1k bike + $600 in other personal items and a $1600 camper shell on it. The thieves took everything to Mexico (I live near the border in the US) Insurance only pays $200 for personal items, and it may be likely I will not recover the fair market value for the truck.
I have $19k in credit card debt and $5k in personal loan debt from the failed marriage and a failed business I closed during COVID quarantine. Both have gone to collections, I’m getting letters and endless calls from the collection company.
My current gig is no longer steady pay, I am lucky to get 5-10 hours a week at $20 under the table.
My girlfriend’s minimum wage job cut her hours by two thirds. She is getting scheduled only 10-16 hours each week. She loves her work but used to make $80 an hour plus overtime and she has a graduate degree but doesn’t want to work in either of those fields as it was a huge cause of depression and anxiety.
We live in a van in one of the 3 most expensive cities in America.
I have custody of my kids every weekend, we stay at my parent’s home while we are together.
The job market where I live is a mixed bag and is very competitive. It’s not to say I can’t find a new job, I have plenty of skills I can use, no actual degree though. Unfortunately I find it very difficult to be employed rather than work for myself.
It may be the divorce and my truck being stolen in the same week but I feel completely hopeless now. The only savings I have is the $6k left from the divorce. Vanlife is wearing on my partner and I and the only reason we haven’t moved to somewhere more affordable is my kids.
What steps can I take to start to attain financial freedom? Is bankruptcy an option without any stable income? Could I invest my $6k to somehow better my situation in the long term? Should I use it to lessen my debts? Honestly any ideas or direction would be helpful as I’m feeling pretty hopeless in the moment. Thank you.
submitted by Bitter-Anteater5233 to Money [link] [comments]
Yesterday my truck was stolen with my girlfriend’s $2k bike and my $1k bike + $600 in other personal items and a $1600 camper shell on it. The thieves took everything to Mexico (I live near the border in the US) Insurance only pays $200 for personal items, and it may be likely I will not recover the fair market value for the truck.
I have $19k in credit card debt and $5k in personal loan debt from the failed marriage and a failed business I closed during COVID quarantine. Both have gone to collections, I’m getting letters and endless calls from the collection company.
My current gig is no longer steady pay, I am lucky to get 5-10 hours a week at $20 under the table.
My girlfriend’s minimum wage job cut her hours by two thirds. She is getting scheduled only 10-16 hours each week. She loves her work but used to make $80 an hour plus overtime and she has a graduate degree but doesn’t want to work in either of those fields as it was a huge cause of depression and anxiety.
We live in a van in one of the 3 most expensive cities in America.
I have custody of my kids every weekend, we stay at my parent’s home while we are together.
The job market where I live is a mixed bag and is very competitive. It’s not to say I can’t find a new job, I have plenty of skills I can use, no actual degree though. Unfortunately I find it very difficult to be employed rather than work for myself.
It may be the divorce and my truck being stolen in the same week but I feel completely hopeless now. The only savings I have is the $6k left from the divorce. Vanlife is wearing on my partner and I and the only reason we haven’t moved to somewhere more affordable is my kids.
What steps can I take to start to attain financial freedom? Is bankruptcy an option without any stable income? Could I invest my $6k to somehow better my situation in the long term? Should I use it to lessen my debts? Honestly any ideas or direction would be helpful as I’m feeling pretty hopeless in the moment. Thank you.
2024.05.21 05:24 Pandita_babe Just stop paying? NDR? Bankruptcy?
I am just overwhelmed at this point. I have about 18,000 in debt. 3cc and one personal loan. Wells Fargo - 8,600 Discover - 4,500 Nebraska furniture Mart - 2,000 Personal loan - 3,800
It started as a Wells Fargo card with 12,000 about 3 years ago. I got divorced. Had emergency gallbladder removal. And this year my mom had emergency brain surgery and I had to be home with her for about 2months. Now we are here. The discover and personal loan are from my attempts to debt consolidated on my own..... Clearly I am stupid for that. The other two are from my failed marriage and much of that was caused by my ex. He spent money behind my back constantly and lied about it. I can't keep up with payments or the interest rates or late fees anymore I am overwhelmed emotionally and financially. National debt relief seems better than bankruptcy. My credit score is already shit. But I hear horror stories and then happy endings and don't know what to think. I tried calling the creditors to work out an arrangement and it didn't work. They said I could settle if I could pay within 90 days. So absurd it's laughable. I'm so broke and failing at digging my way out.
submitted by Pandita_babe to Debt [link] [comments]
It started as a Wells Fargo card with 12,000 about 3 years ago. I got divorced. Had emergency gallbladder removal. And this year my mom had emergency brain surgery and I had to be home with her for about 2months. Now we are here. The discover and personal loan are from my attempts to debt consolidated on my own..... Clearly I am stupid for that. The other two are from my failed marriage and much of that was caused by my ex. He spent money behind my back constantly and lied about it. I can't keep up with payments or the interest rates or late fees anymore I am overwhelmed emotionally and financially. National debt relief seems better than bankruptcy. My credit score is already shit. But I hear horror stories and then happy endings and don't know what to think. I tried calling the creditors to work out an arrangement and it didn't work. They said I could settle if I could pay within 90 days. So absurd it's laughable. I'm so broke and failing at digging my way out.
2024.05.20 23:49 AnxiousLeopard3446 Still defying the doomers, keeping the faith,and staying strong...
Having both our PAC retire and one ASM bail on us during April was for all intents and purposes what stood in the way of my store facing even a single layoff,but I'm still not taking things for granted.Many of us don't agree with the draconian austerity moves imposed by Jeff Stein(debatable whether he really is even reading this sub),but quite realistically is any of it truly his fault?
In any case I have set up a personal LinkedIn account which I easily could have done years ago but have only done recently in light of the corporate fight for survival(emerging from Chapter 11 bankruptcy and steering clear of the dreaded chapter 7).
Though this could be a separate topic, I have noticed that when a location goes out of business, phone calls to the defunct store are usually forwarded to the pharmacy that acquired the RX files (either a go forward RAD or a competitor)for up to 12 months,but it hasn't been always the case:three closed socal RAD locations(5466 Downey,5484 South gate,and 5585 Covina)have generic 'hello you have reached your Rite Aid pharmacy located at...' message with stripped down options ending with 'the pharmacy is currently closed... although we are closed you may be able to reach someone in the store by staying on the line' though the second part of that statement is obviously false.Being a Yelp user that has kept a tracker of all known California RAD location closures that have occurred since the new logo rollout(which occurred in September 2020), I wonder where the files went for those three locations.
From what it sounds,the fate of the company could be decided as early as next month.Having emotionally invested myself into a job that I've held for almost 26 years now, I have to keep the faith that both my current store evades closure(it easily should considering high volume in a lower competition area than my previous two locations both which are now out of business)and the company successfully emerges from Chapter 11.As it stands right now our front end staff consists of the store manager(Payless drug veteran),one ASM,one lead service associate(Thrifty Payless veteran),and four basic service associates(including myself who is the most senior of this group but excluding a fifth that has been de facto reclassified as a pharmacy cashier).I do not want to see any future layoff scenarios involving myself and/or the second in seniority service associate(great colleague to work with and more often than not is given the honor of ringing up my employee purchases though on days that we don't overlap I do on occasion let other colleagues ring up my purchases too) unless we get laid off together and even then I wouldn't even want to see that happen as I prefer the status quo of of us continuing to be colleagues at RAD for the foreseeable future.
Should chapter 7 happen (hopefully not), given transportation limitations on my part(don't drive nor have I ever, therefore I rely on public transit or get rides from family members that can drive) I would be most certainly compelled to remain in brick and mortar retail.For the purposes of the ufcw golden rule of 85 it would be ideal to land at a unionized supermarket(if only I can figure out the difference between clerk and courtesy clerk for that purpose). However I would consider specialty retail especially the small to mid box variety(including boutique style dollar stores like daiso Japan and five below)where both the store size is no bigger than the typical legacy West Coast drugstore(square footage <30k)and operating hours aren't quite as long(as in opening at 9 or 10 and closing at 9 or earlier on a weekday).I would rather try my hand with either major RAD competitor than chance it with a big box(general,home improvement,or membership oriented), mainstream dollar stores(dollar tree or dollar general), Hobby Lobby,or any restaurants.I would conditionally consider Target in a last resort scenario though it would have to be a different location from the one my also grown sister works at.
Disclaimer:I don't have contact with any fellow RAD colleagues outside of work hours, partly due to the fact that I get maxed on hours on any given week as it is and thus am never in a situation to be contacted for overtime as it is.
submitted by AnxiousLeopard3446 to RiteAid [link] [comments]
In any case I have set up a personal LinkedIn account which I easily could have done years ago but have only done recently in light of the corporate fight for survival(emerging from Chapter 11 bankruptcy and steering clear of the dreaded chapter 7).
Though this could be a separate topic, I have noticed that when a location goes out of business, phone calls to the defunct store are usually forwarded to the pharmacy that acquired the RX files (either a go forward RAD or a competitor)for up to 12 months,but it hasn't been always the case:three closed socal RAD locations(5466 Downey,5484 South gate,and 5585 Covina)have generic 'hello you have reached your Rite Aid pharmacy located at...' message with stripped down options ending with 'the pharmacy is currently closed... although we are closed you may be able to reach someone in the store by staying on the line' though the second part of that statement is obviously false.Being a Yelp user that has kept a tracker of all known California RAD location closures that have occurred since the new logo rollout(which occurred in September 2020), I wonder where the files went for those three locations.
From what it sounds,the fate of the company could be decided as early as next month.Having emotionally invested myself into a job that I've held for almost 26 years now, I have to keep the faith that both my current store evades closure(it easily should considering high volume in a lower competition area than my previous two locations both which are now out of business)and the company successfully emerges from Chapter 11.As it stands right now our front end staff consists of the store manager(Payless drug veteran),one ASM,one lead service associate(Thrifty Payless veteran),and four basic service associates(including myself who is the most senior of this group but excluding a fifth that has been de facto reclassified as a pharmacy cashier).I do not want to see any future layoff scenarios involving myself and/or the second in seniority service associate(great colleague to work with and more often than not is given the honor of ringing up my employee purchases though on days that we don't overlap I do on occasion let other colleagues ring up my purchases too) unless we get laid off together and even then I wouldn't even want to see that happen as I prefer the status quo of of us continuing to be colleagues at RAD for the foreseeable future.
Should chapter 7 happen (hopefully not), given transportation limitations on my part(don't drive nor have I ever, therefore I rely on public transit or get rides from family members that can drive) I would be most certainly compelled to remain in brick and mortar retail.For the purposes of the ufcw golden rule of 85 it would be ideal to land at a unionized supermarket(if only I can figure out the difference between clerk and courtesy clerk for that purpose). However I would consider specialty retail especially the small to mid box variety(including boutique style dollar stores like daiso Japan and five below)where both the store size is no bigger than the typical legacy West Coast drugstore(square footage <30k)and operating hours aren't quite as long(as in opening at 9 or 10 and closing at 9 or earlier on a weekday).I would rather try my hand with either major RAD competitor than chance it with a big box(general,home improvement,or membership oriented), mainstream dollar stores(dollar tree or dollar general), Hobby Lobby,or any restaurants.I would conditionally consider Target in a last resort scenario though it would have to be a different location from the one my also grown sister works at.
Disclaimer:I don't have contact with any fellow RAD colleagues outside of work hours, partly due to the fact that I get maxed on hours on any given week as it is and thus am never in a situation to be contacted for overtime as it is.
2024.05.20 23:10 South-Remote6013 Parent in Nursing Home/ Debt
Hey Guys
I'm going through a dilemma with my father. He's been in the nursing home for over 2 months and was recently approved for Medicaid. As a result, all of his income (pension and social security) goes to the nursing home. My father had a lot of credit card debt, and I'm confused about what to do to address his debt. I can't pay the nursing home and his credit card debt. So should I help him file for bankruptcy or just let the credit cards go into delinquent status? If I contact the credit company, what should I say. I'm so lost.
submitted by South-Remote6013 to AgingParents [link] [comments]
I'm going through a dilemma with my father. He's been in the nursing home for over 2 months and was recently approved for Medicaid. As a result, all of his income (pension and social security) goes to the nursing home. My father had a lot of credit card debt, and I'm confused about what to do to address his debt. I can't pay the nursing home and his credit card debt. So should I help him file for bankruptcy or just let the credit cards go into delinquent status? If I contact the credit company, what should I say. I'm so lost.
2024.05.20 23:07 AblePost7537 What credit score do you need for a Kentucky mortgage loan approval in 2024?
Credit score needed to buy a house
Mortgage lending is risky, and lenders want a way to quantify that risk. They use your three-digit credit score to gauge the risk of loaning you money since your credit score helps predict your likelihood of paying back a loan on time. Lenders also consider other data, such as your income, employment, debts and assets to decide whether to offer you a loan.Different lenders and loan types have different borrower requirements, loan terms and minimum credit scores. Here are the requirements for some of the most common types of mortgages.
Conventional loan
Minimum credit score: 620A conventional loan is a mortgage that isn’t backed by a federal agency. Most mortgage lenders offer conventional loans, and many lenders sell these loans to Fannie Mae or Freddie Mac — two government-sponsored enterprises. Conventional loans can have either fixed or adjustable rates, and terms ranging from 10 to 30 years.
You can get a conventional loan with a down payment as low as 3% of the home’s purchase price, so this type of loan makes sense if you don’t have enough for a traditional down payment. However, if your down payment is less than 20%, you’re required to pay for private mortgage insurance (PMI), which is an insurance policy designed to protect the lender if you stop making payments. You can ask your servicer to cancel PMI once the principal balance of your mortgage falls below 80% of the original value of your home.
FHA loan
Minimum credit score (10% down): 500Minimum credit score (3.5% down): 580
FHA loans are backed by the Federal Housing Administration (FHA), a part of the U.S. Department of Housing and Urban Development (HUD). The FHA incentivizes lenders to make mortgage loans available to borrowers who might not otherwise qualify by guaranteeing the federal government will repay the mortgage if the borrower stops making payments. This makes an FHA loan a good option if you have a lower credit score.
FHA loans come in 15- or 30-year terms with fixed interest rates. Unlike conventional mortgages, which only require PMI for borrowers with less than 20% down, all FHA borrowers must pay an up-front mortgage insurance premium (MIP) and an annual MIP, as long as the loan is outstanding.
VA loan
Minimum credit score: N/AVA loans are mortgages backed by the U.S. Department of Veterans Affairs (VA). The VA guarantees loans made by VA-approved lenders to qualifying veterans or service members of the U.S. armed forces, or their spouses. This type of loan is a great option for veterans and their spouses, especially if they don’t have the best credit and don’t have enough for a down payment.
VA loans are fixed-rate mortgages with 10-, 15-, 20- or 30-year terms.
Most VA loans don’t require a down payment or monthly mortgage insurance premiums. However, they do require a one-time VA funding fee, that ranges from 1.4% to 3.6% of the loan amount.
USDA loan
Minimum credit score: N/AThe U.S. Department of Agriculture guarantees loans for borrowers interested in buying homes in certain rural areas. USDA loans don’t require a minimum down payment, but you have to meet the USDA’s income eligibility limits, which vary by location.
All USDA mortgages have fixed interest rates and 30-year repayment terms.
USDA-approved lenders must pay an up-front guarantee fee of up to 3.5% of the purchase price to the USDA. That fee can be passed on to borrowers and financed into the home loan. If the home you want to buy is within an eligible rural area (defined by the USDA) and you meet the other requirements, this could be a great loan option for you.
What else do mortgage lenders consider?
Your credit score isn’t the only factor lenders consider when reviewing your loan application. Here are some of the other factors lenders use when deciding whether to give you a mortgage.- Debt-to-income ratio — Your debt-to-income (DTI) ratio is the amount of debt payments you make each month (including your mortgage payments) relative to your gross monthly income. For example, if your mortgage payments, car loan and credit card payments add up to $1,800 per month and you have a $6,000 monthly income, your debt-to-income ratio would be $1,800/$6,000, or 30%. Most conventional mortgages require a DTI ratio no greater than 36%. However, you may be approved with a DTI up to 45% if you meet other requirements.
- Employment history — When you apply for a mortgage, lenders will ask for proof of employment — typically two years’ worth of W-2s and tax returns, as well as your two most recent pay stubs. Lenders prefer to work with people who have stable employment and consistent income.
- Down payment — Putting money down to buy a home gives you immediate equity in the home and helps to ensure the lender recoups their loss if you stop making payments and they need to foreclose on the home. Most loans — other than VA and USDA loans — require a down payment of at least 3%, although a higher down payment could help you qualify for a lower interest rate or make up for other less-than-ideal aspects of your mortgage application.
- The home’s value and condition — Lenders want to ensure the home collateralizing the loan is in good condition and worth what you’re paying for it. Typically, they’ll require an appraisal to determine the home’s value and may also require a home inspection to ensure there aren’t any unknown issues with the property.
How is your credit score calculated?
Most talk of credit scores makes it sound as if you have only one score. In fact, you have several credit scores, and they may be used by different lenders and for different purposes.The three national credit bureaus — Experian, Equifax and TransUnion — collect information from banks, credit unions, lenders and public records to formulate your credit score. The most common and well-known scoring model is the FICO Score, which is based on the following five factors:
- Payment history (35%) — A history of late payments will drag your score down, as will negative information from bankruptcies, foreclosures, repossessions or accounts referred to collections.
- How much you owe (30%) — Your credit utilization ratio is the amount of revolving credit you’re using compared to your total available credit. For example, if you have one credit card with a $2,000 balance and a $4,000 credit limit, your credit utilization ratio is 50%. Credit scoring models view using a larger percentage of your available credit as risky behavior, so high balances and maxed-out credit cards will negatively impact your score.
- Length of credit history (15%) — This factor considers the age of your oldest account, newest account and the average age of all your credit accounts. In general, the longer you’ve been using credit responsibly, the higher your score will be.
- Types of accounts (10%) — Credit scoring models favor people who use a mix of credit cards, installment loans, mortgages and other types of credit.
- Recent credit history (10%) — Lenders view applying for and opening several new credit accounts within a short period as a sign of financial trouble and it’ll negatively impact your score.
2024.05.20 18:21 hivincentc What's happening in the markets: May 20th
Good morning. US stock futures rose in Monday morning trading as stock market indexes raced to new all-time highs.
S&P 500 +0.12% Dow +0.05% Nasdaq +0.19%
🏦 US regulators reconsider bank capital requirements
*📝 Our report: *The Fed and two other U.S. regulators are cooking up a new plan to trim a hefty nearly 20% capital hike for big banks, reports the Wall Street Journal. Required increases in capital for banks like JPMorgan and Goldman Sachs — meant to ensure they have sufficient buffers to absorb potential losses — would on average be about half as much as originally floated, the Journal added.
🔑 Key points:
🛰️ Musk takes internet company to largest archipelago chain
WHAT: Elon Musk jetted off to Bali to beam Starlink satellite internet to Indonesia, the world's biggest archipelago, proving that even islands need a little space-age Wi-Fi. Details about the agreement between the Indonesian government and Musk’s SpaceX, the aerospace company that operates Starlink services, were not provided, with Musk also signing an agreement on enhancing connectivity in the country’s health and education sectors.
WHY: Indonesia, a vast archipelago of 17,000 islands sprawled across three time zones with a population of more than 270 million, has been trying for years to secure deals with Musk's Tesla on battery investment and for Musk’s SpaceX to provide fast internet for the country’s remote regions.
💰 Crypto lender returns billions to customers during wind-down
WHAT: Crypto lender Genesis Global got the green light from the court to return $3 billion in cash and crypto to customers, leaving its parent company, Digital Currency Group (DCG), with nothing but a lesson in bankruptcy woes. A U.S. Bankruptcy Judge approved Genesis’ Chapter 11 liquidation plan and overruled an objection raised by DCG, which had argued that Genesis should pay its customers and creditors no more than what the crypto assets were valued at in January 2023, when Genesis filed for bankruptcy.
WHY: Genesis estimated in February that it would be able to pay its customers up to 77% of the value of their claims, depending on future price fluctuations.
🐭 Disney performers vote to join union
WHAT: Disneyland performers who bring Mickey Mouse, Cinderella, and other beloved characters to life have voted to unionize, proving even fairy tales can benefit from a little labor solidarity. The Actors’ Equity Association labor union said in a recently released statement that cast members for the parades and characters departments at Disney's theme parks near Los Angeles voted by a wide margin for the union to become the bargaining agent for the group of roughly 1,700 workers.
WHY: In recent years, Disney has faced allegations of not paying its Southern California workers, who face exorbitant housing costs and often commute long distances or cram into small homes, a livable wage. Parade performers and character actors earn a base pay of $24.15 an hour, up from $20 before January, with premiums for different roles.
submitted by hivincentc to FluentInFinance [link] [comments]
S&P 500 +0.12% Dow +0.05% Nasdaq +0.19%
🏦 US regulators reconsider bank capital requirements
*📝 Our report: *The Fed and two other U.S. regulators are cooking up a new plan to trim a hefty nearly 20% capital hike for big banks, reports the Wall Street Journal. Required increases in capital for banks like JPMorgan and Goldman Sachs — meant to ensure they have sufficient buffers to absorb potential losses — would on average be about half as much as originally floated, the Journal added.
🔑 Key points:
- Top officials from all three agencies involved in the pending capital rules — the Federal Reserve, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency — are still discussing substantive and technical revisions, with no guarantee that an agreement will be reached, the WSJ reported.
- The three bank regulators, led by the Fed, in July last year unveiled a proposal to overhaul how banks with more than $100 billion in assets calculate the cash they must set aside to absorb potential losses.
- The Basel proposal aims to make banks more resilient to potential losses, lowering the risk of failures or bailouts. Banks say that they are already highly capitalized and the changes are unnecessary.
🛰️ Musk takes internet company to largest archipelago chain
WHAT: Elon Musk jetted off to Bali to beam Starlink satellite internet to Indonesia, the world's biggest archipelago, proving that even islands need a little space-age Wi-Fi. Details about the agreement between the Indonesian government and Musk’s SpaceX, the aerospace company that operates Starlink services, were not provided, with Musk also signing an agreement on enhancing connectivity in the country’s health and education sectors.
WHY: Indonesia, a vast archipelago of 17,000 islands sprawled across three time zones with a population of more than 270 million, has been trying for years to secure deals with Musk's Tesla on battery investment and for Musk’s SpaceX to provide fast internet for the country’s remote regions.
💰 Crypto lender returns billions to customers during wind-down
WHAT: Crypto lender Genesis Global got the green light from the court to return $3 billion in cash and crypto to customers, leaving its parent company, Digital Currency Group (DCG), with nothing but a lesson in bankruptcy woes. A U.S. Bankruptcy Judge approved Genesis’ Chapter 11 liquidation plan and overruled an objection raised by DCG, which had argued that Genesis should pay its customers and creditors no more than what the crypto assets were valued at in January 2023, when Genesis filed for bankruptcy.
WHY: Genesis estimated in February that it would be able to pay its customers up to 77% of the value of their claims, depending on future price fluctuations.
🐭 Disney performers vote to join union
WHAT: Disneyland performers who bring Mickey Mouse, Cinderella, and other beloved characters to life have voted to unionize, proving even fairy tales can benefit from a little labor solidarity. The Actors’ Equity Association labor union said in a recently released statement that cast members for the parades and characters departments at Disney's theme parks near Los Angeles voted by a wide margin for the union to become the bargaining agent for the group of roughly 1,700 workers.
WHY: In recent years, Disney has faced allegations of not paying its Southern California workers, who face exorbitant housing costs and often commute long distances or cram into small homes, a livable wage. Parade performers and character actors earn a base pay of $24.15 an hour, up from $20 before January, with premiums for different roles.
2024.05.20 15:38 lissy51886 I (38F) just found out my fiancé (38M) is in a massive amount of debt... can I even move forward?
My fiancé and I met in person when he was at a military base near my home when he was on exchange from his country's military. We have been in a long distance relationship since he had to go back to his country last September. My bridal shower is Saturday and we are 39 days from the wedding and we've been excited about starting our life together.
This marriage involves immigration, me selling everything I own, quitting my job, leaving behind my family that I'm close with, leaving a part of my country that I'm so happy in, renting out my home, and relying on him for complete financial support until we get to a point in the immigration process where I'd be allowed to work. And yes, I have to go to him due to his military commitments.
At the start of our relationship I made him aware that I had been through a bankruptcy in my 20s due to medical issues (I'm super open about it because yes it sucked, but I'm better for it) but that I pulled myself out of it and had good credit again within a couple years and have been very financially stable since. We had also talked about previous relationships where I made it known that my last 4.5 year relationship ended after catching my ex talking to women online, and then digging through his life to find the many other things he lied to me about - including finances which kind of left me with some traumas (including financial abuse) that I worked on intensely with a therapist. My ex and I weren't officially engaged yet... I wouldn't accept a ring as we were building a new home and wanted to wait until all was situated with that, but we were full blown wedding planning and I called it off.
My now fiancé and I have had at least 10 serious conversations about finances as we talked about getting engaged and all that immigration entails, and he never once mentioned that he was in any debt.
But last night, just after a visit with me... and we won't see each other until wedding week... he decided to blurt out over the phone that he's been hiding that he's in $37,000 of debt - a CC and a credit line with a bank. He was telling me now because there was no way to hide it further as we had added each other as authorized users on CCs to prove "financial support" for immigration and I needed to gather his statements.
The debt is big enough to be a big deal on its own, but it can be mitigated by wiping out some CDs of his and then paid off in a year or two so I'm less concerned about that and more concerned about the dishonesty.
I've already been understandably struggling with leaving my life behind... but now how am I supposed to make the sacrifices I am and move to another country for someone that has been hiding something like that from me for so long? How am I supposed to count on him to financially support me? We were going to start trying for kids ASAP in the new year, how am I supposed to have kids when we're struggling to make ends meet? How am I supposed to trust that there's no other big secrets?
I feel like I know the answer is that there's enough doubts here that I realistically can't proceed with this marriage and huge move. But also I love him so much and until yesterday I've never been happier... so how am I supposed to call off a second wedding? Especially one where (while small), so many people are traveling from all over the world to be there and they have everything booked already?
Worth noting that postponing and working on things aren't really an option because clearly he can't afford visits and I've burned through most of my miles which allow me to visit as much as I do. And even if we could continue the visits I feel like there's no way to realistically work on trust issues like this when you can only see each other a handful of days every couple of months.
No one can decide this but me, I get it. I just needed to let it out I guess... I'm so distraught.
submitted by lissy51886 to relationship_advice [link] [comments]
This marriage involves immigration, me selling everything I own, quitting my job, leaving behind my family that I'm close with, leaving a part of my country that I'm so happy in, renting out my home, and relying on him for complete financial support until we get to a point in the immigration process where I'd be allowed to work. And yes, I have to go to him due to his military commitments.
At the start of our relationship I made him aware that I had been through a bankruptcy in my 20s due to medical issues (I'm super open about it because yes it sucked, but I'm better for it) but that I pulled myself out of it and had good credit again within a couple years and have been very financially stable since. We had also talked about previous relationships where I made it known that my last 4.5 year relationship ended after catching my ex talking to women online, and then digging through his life to find the many other things he lied to me about - including finances which kind of left me with some traumas (including financial abuse) that I worked on intensely with a therapist. My ex and I weren't officially engaged yet... I wouldn't accept a ring as we were building a new home and wanted to wait until all was situated with that, but we were full blown wedding planning and I called it off.
My now fiancé and I have had at least 10 serious conversations about finances as we talked about getting engaged and all that immigration entails, and he never once mentioned that he was in any debt.
But last night, just after a visit with me... and we won't see each other until wedding week... he decided to blurt out over the phone that he's been hiding that he's in $37,000 of debt - a CC and a credit line with a bank. He was telling me now because there was no way to hide it further as we had added each other as authorized users on CCs to prove "financial support" for immigration and I needed to gather his statements.
The debt is big enough to be a big deal on its own, but it can be mitigated by wiping out some CDs of his and then paid off in a year or two so I'm less concerned about that and more concerned about the dishonesty.
I've already been understandably struggling with leaving my life behind... but now how am I supposed to make the sacrifices I am and move to another country for someone that has been hiding something like that from me for so long? How am I supposed to count on him to financially support me? We were going to start trying for kids ASAP in the new year, how am I supposed to have kids when we're struggling to make ends meet? How am I supposed to trust that there's no other big secrets?
I feel like I know the answer is that there's enough doubts here that I realistically can't proceed with this marriage and huge move. But also I love him so much and until yesterday I've never been happier... so how am I supposed to call off a second wedding? Especially one where (while small), so many people are traveling from all over the world to be there and they have everything booked already?
Worth noting that postponing and working on things aren't really an option because clearly he can't afford visits and I've burned through most of my miles which allow me to visit as much as I do. And even if we could continue the visits I feel like there's no way to realistically work on trust issues like this when you can only see each other a handful of days every couple of months.
No one can decide this but me, I get it. I just needed to let it out I guess... I'm so distraught.
2024.05.20 05:48 asmallyam Eviction and Retaliation
Hi all, husband and wife duo trying to get an idea of what might be ahead of us(wife writing this post). We reside Maryland.
Long story short, Husband's Mom(Mom) had set up tenancy with my SIL(now named Edna for sake of simplicity) in one of two houses. She was set up with a lease with the payment help of Section 8. We learned that she had set it up fraudulently so we reported it to the housing office already and are dealing with repayment back to Housing Department. However this gets into our other concerns.
Edna and Mom had set up a Home Equity Line of Credit in the past that has Edna as the primary and Mom as the secondary, but is not on the deed of House 1. Edna's name is on the deed of House 2(the one where our family resides). However, Mom is set as the primary name on the titles for both houses and had purchased them with a VA loan. The HELOC is not through the VA.
We plan on trying to evict Edna and her family out of House 1, but we know from conversation she has considered declaring bankruptcy but from the "kindness of her heart" she didn't want to have the house we reside in lost, but since we're moving to kick her out and with how she was acting before, we know she's going to try to explode as much as she can in retaliation.
What would happen in the case if she decided to retaliate and declare bankruptcy? Would we lose all houses in the process of such? What kind of lawyer would we need to have for any cases coming up in the future?
submitted by asmallyam to legaladvice [link] [comments]
Long story short, Husband's Mom(Mom) had set up tenancy with my SIL(now named Edna for sake of simplicity) in one of two houses. She was set up with a lease with the payment help of Section 8. We learned that she had set it up fraudulently so we reported it to the housing office already and are dealing with repayment back to Housing Department. However this gets into our other concerns.
Edna and Mom had set up a Home Equity Line of Credit in the past that has Edna as the primary and Mom as the secondary, but is not on the deed of House 1. Edna's name is on the deed of House 2(the one where our family resides). However, Mom is set as the primary name on the titles for both houses and had purchased them with a VA loan. The HELOC is not through the VA.
We plan on trying to evict Edna and her family out of House 1, but we know from conversation she has considered declaring bankruptcy but from the "kindness of her heart" she didn't want to have the house we reside in lost, but since we're moving to kick her out and with how she was acting before, we know she's going to try to explode as much as she can in retaliation.
What would happen in the case if she decided to retaliate and declare bankruptcy? Would we lose all houses in the process of such? What kind of lawyer would we need to have for any cases coming up in the future?
2024.05.20 05:01 misheeck11 Received a notice to foreclose the other day
We are in probate and my husband barely got named the executor. We have been delinquent on the mortgage of the home that is in probate. So my struggle is- my husband is saying the mortgage lender will be able to do a forbearance or loan modification of the full delinquent amount once they receive my husbands birth certificate (to prove he is the child of his parents). Of course we can’t find his birth certificate so he ordered it thru vitalchek so itll prob take another 2 weeks or so to receive it. We cannot sell the home without court confirmation so im sure that will discourage tons of buyers since we won’t know how long it will take and we considered chapter 13 but we have a very very high equity in our home like way above the CA exempt limit so im scared our monthly payments might be unaffordable…. I did speak to a few bankruptcy lawyers and they said try taking out a line of equity instead BUT i don’t even think that would be possible on a probate property….
I am honestly so stressed and scared and worried that the lender might just be lying or maybe we won’t qualify for anything but my husband is pretty calm saying multiple agents he spoke to said he can do the full delinquent amount just longer term with lower monthly payments etc but in the end we will be paying more. So i don’t know what to think….. i can’t stay calm and have been trying to contact bankruptcy attorneys and now am looking into foreclosure defense attorneys. I am def spiraling down a dark dark rabbit hole just like i did when i first was diagnosed with breast cancer. Then thought of losing our home and the shock and disappointment my kids will have to endure is truly heartbreaking and i dont know how to navigate this crazy anxious feeling and this creeping depression….
submitted by misheeck11 to personalfinance [link] [comments]
I am honestly so stressed and scared and worried that the lender might just be lying or maybe we won’t qualify for anything but my husband is pretty calm saying multiple agents he spoke to said he can do the full delinquent amount just longer term with lower monthly payments etc but in the end we will be paying more. So i don’t know what to think….. i can’t stay calm and have been trying to contact bankruptcy attorneys and now am looking into foreclosure defense attorneys. I am def spiraling down a dark dark rabbit hole just like i did when i first was diagnosed with breast cancer. Then thought of losing our home and the shock and disappointment my kids will have to endure is truly heartbreaking and i dont know how to navigate this crazy anxious feeling and this creeping depression….
2024.05.20 04:23 TrekFan81 AC Replacement
I filed for a chapter 13 in April 2020 in order to stop a foreclosure sale on my home. My AC coil has a known leak and in the summer of 2022 I was granted a motion to incur debt to replace the system. I spent over a month that summer reaching out to various banks and credit unions and no one would give me a loan. I ended up losing my hob in August 2022 and gave up the search and paid for another recharge. I tried to do a cash out refinance on my mortgage and I couldn’t because of the bankruptcy. I had a tune up and recharge done on May 1 of this year and the house still isn’t cooling properly. I forgot to mention that I have a 2.5 ton system, original to the home that was built in 2011, for a 2100 square foot house. Now that I’ve said all that, has anyone here who’s filed for a chapter 13 run into this issue and what did you do? I should also note that my credit is shit right now. Thank you for taking the time to read this far.
submitted by TrekFan81 to Bankruptcy [link] [comments]
2024.05.20 02:29 SchmanteZuba2 Practice Area Recommendation, Please. Construction Defect & PI Defense or Municipal Law.
I moved to a new state after practicing as a solo for 19 years. I've done basically anything that has come to me through various sources. My list of areas is: Criminal Defense; Appellate Attorney; Equal Employment Opportunity; Mortgage Foreclosure; Contracts Litigation; 1983 Civil Rights; Personal Injury; Consumer Bankruptcies; Real Estate; Worker's Compensation; Family Law; and Local Election Law.
I'm not starting from scratch in a new state and am going to work for a small to medium sized firm.
I'm looking at taking a job in either municipal law or insurance defense (construction defects / personal defense). Insurance defense pays better (about 10 to 15 % better initially and another 20 to 25% bump in a year). Municipal Law job says they will give a bump in about a year, but no set amount.
Both have what seems to be a good culture. Both have similar yearly hours requirements (1960/year for ID vs. 1900 for ML). Most of the insurance defense work will allow me to work from home. The municipal law job will also allow for a good bit of remote work, but not as much. My home office setup is conducive to getting work done, so that's not a concern either way. I like being in court routinely. I like trial. However, I've only done about 10 trials. I also find trials all consuming and stressful until they are over. I can handle stress, but I'd rather not take on more stress than is bearable.
Concerns: Municipal Law:
Municipal Law:
P.S. I wrote this quickly on a cell phone without much proofreading as it is not a pleading. So, please don't judge me for grammar or spelling here.
submitted by SchmanteZuba2 to Lawyertalk [link] [comments]
I'm not starting from scratch in a new state and am going to work for a small to medium sized firm.
I'm looking at taking a job in either municipal law or insurance defense (construction defects / personal defense). Insurance defense pays better (about 10 to 15 % better initially and another 20 to 25% bump in a year). Municipal Law job says they will give a bump in about a year, but no set amount.
Both have what seems to be a good culture. Both have similar yearly hours requirements (1960/year for ID vs. 1900 for ML). Most of the insurance defense work will allow me to work from home. The municipal law job will also allow for a good bit of remote work, but not as much. My home office setup is conducive to getting work done, so that's not a concern either way. I like being in court routinely. I like trial. However, I've only done about 10 trials. I also find trials all consuming and stressful until they are over. I can handle stress, but I'd rather not take on more stress than is bearable.
Concerns: Municipal Law:
- not nearly as much litigation / in court time.
- maybe get pigeonholed where I can't get other types of work later
- Potential for burnout
- I'm used to being on the side of people or small companies that I care about
- More likely to give me the opportunity to go back into other areas of litigation at a later point in time (PI, Criminal Defense, etc...)
- Having a small amount of a consciousness regarding people getting screwed over if they have valid claims. I can put most of that aside for zealous representation as I like any lawyer, like success a lot. But, I would have empathy for people I thought got screwed.
Municipal Law:
- Laid back work environment, from what I can initially glean from the interview and office
- Good people
- An interesting new area of law
- Ability to get known in a niche practice
- Stable hours
- Potentially much less stress (or is that a fallacy?)
- Good people / professional atmosphere from what I could glean
- Very experienced trial attorneys to work with
- Unlimited vacation as long as keeping up with hours requirements
- Still being able to be in court and litigating more frequently
- It seems like pay would be better in the long term, but perhaps not overwhelmingly better.
P.S. I wrote this quickly on a cell phone without much proofreading as it is not a pleading. So, please don't judge me for grammar or spelling here.
2024.05.20 01:20 AbandonedUCanada Bin Laden’s Abandoned Mansion is now demolished (Florida)
 | This abandoned Mediterranean-style mansion was built in the 1920’s. It has 5 bedrooms and 5 bathrooms. It is approx. 9700 square feet. It also has a guest house that is approx 3000 sqf. The property is located in Florida, USA and sits on 17 acres with 1200 feet of shoreline. Khalil bin Laden, Osoma Bin Laden’s brother bought this mansion for his family in 1980 for 1.6 million dollars. Shortly after the 911 attacks in 2001 the bin Laden’s fled their home with a police escort in fear for their life and safety. The FBI interviewed Khalil bin Laden after the terrorist attacks and there was no indication he had any links to terrorism that took place. Once they left the mansion there was reports of vandalism and even people coming in shooting up the place with guns. In 2006 the bin laden family sold this mansion to a business man for 4 million dollars. Shortly later the man went bankrupted. It was then sold in 2007 for 1.7 million dollars. Then in 2012 the mansion was leased out until 2014 when a couple bought the mansion for 2 million dollars. The couple bought the property so they could demolish and develop the property into a luxury apartment complex with over 240 units. The town officials and locals in the area did not approve the new construction of this apartment complex. In 2019 the couple later filled for bankruptcy. It was then sold to a development company for over 7 million dollars. It has been sitting abandoned for years. Just recently the mansion was demolished. Demo pic credit: Insta @aiyanas.camera Full video: https://youtu.be/vAPYA2_Wmtg submitted by AbandonedUCanada to urbanexploration [link] [comments] |
2024.05.19 23:58 New-Ad-5003 Consequences of not filing
Hello, as i’m prepping my documents for my lawyer, i’ve began to wonder what might happen if i don’t file. I have roughly $48,000 in debt currently, 31k of which is for a car the bank is trying to repo.
Once i return the car i suspect after asset sale i will still owe 10-12,000 on that auto loan. I have a 3k signature loan with that same bank. The rest (14k-ish) is unsecured credit card debt.
If i turn in the car, and don’t proceed to file bankruptcy, or make payment plans with creditors, what can they do?
I’ve become disabled, so i am quitting my highly physical job very soon, and moving out of the state i’m living in currently.
My main concern is asset forfeiture, as i will also be getting married, and my partner will be gifted their parents home and property. I don’t want these creditors to be able to go after my spouse’s property.
I understand my best move is to speak with my attorney, but they’re out of town and i’m curious.
Thanks!
submitted by New-Ad-5003 to Bankruptcy [link] [comments]
Once i return the car i suspect after asset sale i will still owe 10-12,000 on that auto loan. I have a 3k signature loan with that same bank. The rest (14k-ish) is unsecured credit card debt.
If i turn in the car, and don’t proceed to file bankruptcy, or make payment plans with creditors, what can they do?
I’ve become disabled, so i am quitting my highly physical job very soon, and moving out of the state i’m living in currently.
My main concern is asset forfeiture, as i will also be getting married, and my partner will be gifted their parents home and property. I don’t want these creditors to be able to go after my spouse’s property.
I understand my best move is to speak with my attorney, but they’re out of town and i’m curious.
Thanks!
2024.05.19 22:30 Apoliticalpolitician Debt relief vs consolidation
So… I’m an E5 in the U.S. military, my wife is a stay at home mom (working on picking up photography for extra income, while we homeschool our two children 9 & 13). So we survive solely off my income which isn’t much. Before we had two kids we made some piss poor financial decisions the likes of which we have gotten progressively worse off from.
We can barely keep our heads above water, I can’t even afford new uniforms and grocery prices have us using the credit cards just to put food on the table.
We’re kind of just at a loss right now. Should we try for debt consolidation or relief? Should we file for bankruptcy? Just trying to get to the point where we can save money again. We were super young when we made those decisions, it’s been about 11 years since then. We just need some help. Please be nice lol.
submitted by Apoliticalpolitician to DebtAdvice [link] [comments]
We can barely keep our heads above water, I can’t even afford new uniforms and grocery prices have us using the credit cards just to put food on the table.
We’re kind of just at a loss right now. Should we try for debt consolidation or relief? Should we file for bankruptcy? Just trying to get to the point where we can save money again. We were super young when we made those decisions, it’s been about 11 years since then. We just need some help. Please be nice lol.
2024.05.19 22:04 LeSoliel18 Bankruptcy Advice
I am 67, on SS & working a minimum wage job PT to supplement, and don’t think I can physically work more than the 30 hours/week that I already do.
I am very thankful to live with my daughter & her BF, we split the rent/utilities (I pay 1/3), I have a 14 year old small car (paid off) & no property or pension & recently got a small term life insurance policy to cover essentially my cremation, so my kids don’t have to worry about that.
They also work pay check to paycheck, and my sibs have been generous to me when unexpected costs come up (new brakes), but I feel I’ve been a free loader too long.
Long story how I got here, but I am about 18K in CC debt, as well as a $8k judgment for one that was sold to a third party.
The CC all have very high interest rates, you know, the kind that would take me beyond my lifetime to payoff. The ones I do have are maxed & I try to pay a little more than what is due, but that doesn’t really go far towards the principle that is always ahead of me. I tried to get personal loans, but couldn’t, and I know there are “debt relief” programs, but honestly, it doesn’t take away the debt, more than work out ways to pay less.
Suddenly today I thought of Bankruptcy! I had filed before, 30 years ago, when I actually had very little debt but it was the only way I could get my ex to finally sign divorce papers as it forced him to sell our home.
I know this is long, and if you’re still reading, honestly, what could I lose? I would no longer have the intense anxiety every time I watch my small income be eaten up by bills. I have no plans to purchase property in my future, and could maybe enjoy shopping somewhere other than Goodwill.
Thoughts?
submitted by LeSoliel18 to Bankruptcy [link] [comments]
I am very thankful to live with my daughter & her BF, we split the rent/utilities (I pay 1/3), I have a 14 year old small car (paid off) & no property or pension & recently got a small term life insurance policy to cover essentially my cremation, so my kids don’t have to worry about that.
They also work pay check to paycheck, and my sibs have been generous to me when unexpected costs come up (new brakes), but I feel I’ve been a free loader too long.
Long story how I got here, but I am about 18K in CC debt, as well as a $8k judgment for one that was sold to a third party.
The CC all have very high interest rates, you know, the kind that would take me beyond my lifetime to payoff. The ones I do have are maxed & I try to pay a little more than what is due, but that doesn’t really go far towards the principle that is always ahead of me. I tried to get personal loans, but couldn’t, and I know there are “debt relief” programs, but honestly, it doesn’t take away the debt, more than work out ways to pay less.
Suddenly today I thought of Bankruptcy! I had filed before, 30 years ago, when I actually had very little debt but it was the only way I could get my ex to finally sign divorce papers as it forced him to sell our home.
I know this is long, and if you’re still reading, honestly, what could I lose? I would no longer have the intense anxiety every time I watch my small income be eaten up by bills. I have no plans to purchase property in my future, and could maybe enjoy shopping somewhere other than Goodwill.
Thoughts?
2024.05.19 20:45 FelicitySmoak_ Do you think there's a connection between Michael's death & his attorney Peter Lopez's "suicide"?
 | On June 25, 2009, Michael Jackson dies, reportedly of a Propofol overdose submitted by FelicitySmoak_ to MJDeathInvestigation [link] [comments] Three deaths of people connected to Michael happen within a six month period & I begin to think this was not a coincidence.
NO ONE, not his mother nor his family and friends, saw any sign that Peter Lopez would commit suicide. Reports surfaced that said Lopez seemed slightly stressed, but not one sign that morning Peter dropped the kids off at school at about 9:00 AM Friday. When he got home, he apparently went to the backyard garden and shot himself in the head There were reports from people close to Peter that thought he seemed "stressed out" in the weeks leading up to his death ... but that he did not tell anyone -- including his family -- what was bothering him. They did find a 1-page, handwritten note in which Peter expressed his love for his wife & kids and asked for forgiveness, but did not even hint at why Peter would end his life In the very odd 911 call that his wife, actress Catherine Bach made, she states that there was a "terrible robbery" a few days earlier I wonder what was stolen? Is the robbery connected? https://preview.redd.it/i11oo7tqhf1d1.jpg?width=485&format=pjpg&auto=webp&s=08064dcc10707b306aced4de65b9756339e07932 Peter's History With MichaelRaymone Bain, Michael's former general manager, said she hired Peter Lopez in 2006 as Jackson's entertainment attorney when she was reorganizing his business affairs."I'd known Peter for 20 years," she said. When she was searching for a new legal team she said another of her clients, R&B singer Babyface, recommended Lopez. "I can't think of a nicer individual," she said after his death. "He was a good guy. I'm just so shocked."Lopez was conveniently/coincidentally hired to replace John Branca. On August 7, 2006, Raymone Bain stated that: "in what could be one of the biggest conspiracies in the entertainment industry, documents have been sent to Michael Jackson, and his representatives, which reveal a deliberate plan by some former attorneys as well as associates and advisors, to force Jackson into involuntary bankruptcy. The documents reveal that FORMER ATTORNEYS actively solicited other attorneys, vendors and creditors to 'join in a petition to place the client in involuntary bankruptcy.' ...Based on the timing of the events that have impacted his personal and professional life in recent years, he has long been suspicious that some of them that he entrusted to act on his behalf, and to advise him with respect to his personal and business affairs, may not have always acted in his best interests."John Branca was fired by Michael Jackson in 2006. Although Branca stated that he left because Michael was surrounded by people who he did not care for or trust, the fact is that that Michael Jackson fired Branca and wrote him a letter demanding that he return all documents that pertained to him. https://preview.redd.it/m0nczzp07f1d1.jpg?width=642&format=pjpg&auto=webp&s=a973ae4098ad803623619d397de3700b28764881 Michael's letter was dated in 2003. Did Jackson finally have the evidence against John Branca that he needed? And to be sure, Lopez was aware of all that was going on regarding Michael Jackson, whether it was Branca or other seedy characters that surrounded him. The Final MonthsSome people say Lopez wasn't involved with Michael in his final months. They are wrong. He was integral in the putting together of the This Is It residency, as confirmed by his wife & othersDarius Jordi Lassus, President and CEO of IMC Records said: "in the past three years, Peter Lopez helped Michael Jackson launch the Life Water "Thrillicious" Super Bowl ad featuring Naomi Campbell, the release of "Thriller 25" (the 25th Anniversary edition of the biggest selling album in music history with new mixes featuring Wil.i.am, Kanye West, Akon and Fergie), "Thriller the Musical", the "This Is It" tour with AEG and an MJ inspired clothing line with Christian Audigier, you simply couldn't stop them, they were on fire."On February 27, 2009, he is seen in Michael's entourage https://reddit.com/link/1cvv7k3/video/7f6ceop3df1d1/player On March 4, 2009, Lopez signed this "Confidential Estate Planning' document https://preview.redd.it/gzru3t8yaf1d1.jpg?width=2544&format=pjpg&auto=webp&s=4a5ee8d0b0568550c18e6fea27a008cea4078cf0 https://preview.redd.it/tj5bwlg0bf1d1.jpg?width=2550&format=pjpg&auto=webp&s=5bbdf3d43f83fc7eda70dbbed63196b674bfc155 https://preview.redd.it/w38n5lk2bf1d1.jpg?width=2550&format=pjpg&auto=webp&s=c323f35b00532b9926eab6172af1aa00f8d8e79b In April of 2009, Peter Lopez was fired. The reason & by whom is unknown, though it is widely believed to have been by Tohme Tohme It is said that he was fired to make room for John Branca to come back. Reportedly, on June 17th, eight days before he died, Michael signed a letter hiring Branca back as his lawyer. This letter has never been made public Howard Weitzman, a lawyer for the estate, confirmed: "In mid-June, Michael Jackson retained John Branca to represent him as general and entertainment counsel in his business and personal affairs."We all know about Michael's fraudulent 2002 will that Branca has passed off as authentic but it is said that Lopez was in possession of the legitimate 1997 will Picture taken May 23, 2008 https://preview.redd.it/55f8icmf8f1d1.png?width=541&format=png&auto=webp&s=0274a7b04ce4520c6ba15aa7c87e790bd5c8dee3 Yes, I know Keya Morgan is not completely trustworthy or a good person but I still don't think we should outright dismiss everything that he says In this August 2009 interview with Lopez, he says that the Michael Jackson investigation was to be solved "very soon". He seems like a man that knows more than he was letting on https://reddit.com/link/1cvv7k3/video/rwsjdbpnaf1d1/player Bach told the police that in the days prior to Peter's "suicide", she was being stalked. In 2012, when asked if she thought that maybe it was not suicide, or that something other than personal issues was behind his death she said "I don't know"In a 2013 interview with The Huffington Post, Catherine Bach states: "He represented Michael Jackson, and you know how crazy that was. He's the man responsible for putting the "This Is It" tour together. He brought AEG into the picture which I'm sure now he wishes he didn't. So I think that he felt very responsible for what happened to Michael. And I think that that gave him a lot of grief"This all seems a lot to just be coincidence Was someone threatening Peter's family because of what he knew about Michael's business? Peter was openly critical about the way the estate was handling MJ's business after his death. He said they (the estate) did not know what they were doing. Did Peter sacrifice himself to save his family from threats? Did he take himself out of the equation because he knew the info he was sitting on and other people knew that he knew? Peter would likely have known or have been in possession of it, if there was another will If Peter knew that people had conspired to kill Michael then he would also know that they would have no problem getting rid of him or his family too Why does Branca seem to be involved in every facet of this? |
2024.05.19 18:42 Reality_hurts_srsly Thoughts on higher income people going to the food pantry?
I have a less anonymous username that I post here under to give advice on coping with poverty as I grew up on welfare, went to college on Pell grants, and have been eeking out a middle class existence for well over a decade.
My spouse has been struggling with mental health and addiction. He hasn’t worked for 2 years, but as the primary “stay at home” parent for 12 years this wasn’t a financial shock. What WAS a financial shock was he suddenly stopped proactively managing debt, doing things like saving up thousands in cash for months instead of pay credit cards and letting the interest get out of hand for no reason. There was no logic to it, he has something like OCD and was obsessing/ruminating over a $7k debt he was hiding from me and let $25k debt accumulate over 2 years; much of it just interest from paying minimum payments only until the cards were maxed.
Anyways, it’s so bad I’m thinking we need to sell our only vehicle and to pay a few things down. I cannot quality for a debt consolidation loan even, nor can I qualify for bankruptcy because my income and total debts don’t make it possible (to protect against defrauding creditors you have to be TRULY f-ed and I’m not quite there). I have no idea how to dig out of this hole; I can try to negotiate with each creditor but this happened to me when I was 22 with a single credit card and it took about 5 years for my credit score to recover…that’s almost as bad as bankruptcy without the advantage of discharging much debt.
At least one significant debt from a Lending Club loan is willing to go to “interest only” for 90 days, and my husband started a job this week, so I’m trying to form a plan where we’re pay enough down over 3 months to then be able to get a debt consolidation loan.
I researched food pantries and found a church with no income requirement. I am mortified to do this but they have a USDA disclaimer—it’s the same as the government food boxes I grew up on. They also do a “produce giveaway” once per month. I estimate I could save $500, this is huge to me right now.
My one vehicle is newer, like 2020. I have to drive up in this shiny late model truck; it feels so shameful. Should I leave this food for the truly poor? I do have an alternative: I can close every credit card one by one and negotiate the interest and repayment, but I will be left with a trash credit score and may not be able to refinance my home when interest rates come down or buy my next vehicle with decent financing.
Honest opinions are welcome. So is advice on debt management.
submitted by Reality_hurts_srsly to povertyfinance [link] [comments]
My spouse has been struggling with mental health and addiction. He hasn’t worked for 2 years, but as the primary “stay at home” parent for 12 years this wasn’t a financial shock. What WAS a financial shock was he suddenly stopped proactively managing debt, doing things like saving up thousands in cash for months instead of pay credit cards and letting the interest get out of hand for no reason. There was no logic to it, he has something like OCD and was obsessing/ruminating over a $7k debt he was hiding from me and let $25k debt accumulate over 2 years; much of it just interest from paying minimum payments only until the cards were maxed.
Anyways, it’s so bad I’m thinking we need to sell our only vehicle and to pay a few things down. I cannot quality for a debt consolidation loan even, nor can I qualify for bankruptcy because my income and total debts don’t make it possible (to protect against defrauding creditors you have to be TRULY f-ed and I’m not quite there). I have no idea how to dig out of this hole; I can try to negotiate with each creditor but this happened to me when I was 22 with a single credit card and it took about 5 years for my credit score to recover…that’s almost as bad as bankruptcy without the advantage of discharging much debt.
At least one significant debt from a Lending Club loan is willing to go to “interest only” for 90 days, and my husband started a job this week, so I’m trying to form a plan where we’re pay enough down over 3 months to then be able to get a debt consolidation loan.
I researched food pantries and found a church with no income requirement. I am mortified to do this but they have a USDA disclaimer—it’s the same as the government food boxes I grew up on. They also do a “produce giveaway” once per month. I estimate I could save $500, this is huge to me right now.
My one vehicle is newer, like 2020. I have to drive up in this shiny late model truck; it feels so shameful. Should I leave this food for the truly poor? I do have an alternative: I can close every credit card one by one and negotiate the interest and repayment, but I will be left with a trash credit score and may not be able to refinance my home when interest rates come down or buy my next vehicle with decent financing.
Honest opinions are welcome. So is advice on debt management.
2024.05.19 09:45 Barumamook $LUMN might be worth looking into
What’s up everyone, I know GME is the big stock here, but I also know everyone here buys for the long haul, may I present to you Lumen aka centurylink.
Right now their SI sits at about 14%, they have 1 billion shares on the market, so the HFs are sitting on about 140 million shorts.
Since lumen is at $1.32, that’s about $183 million short.
Two things about this stock, Lumen used to be worth $11-20 pre 2022, however, due to their failure to modernize their networks, poor management, and market pressures, it has fallen greatly. Note this was not due to stock splits (citation 1)
That was the case, as of 2024 Lumen has entered into a new TSA (citation 2), what does this new transaction support agreement mean? Well lumen owe a lot of money, and it was all due very soon, what the TSA does is restructure that debt to keep the company from going bankrupt, it requires a plan of action and company transformation to be approved by its creditors.
What does that mean? It means that Lumen’s creditors believe the company’s plan to become profitable is sound, it means that the stock price will go up, potentially exponentially. So much so that the company which was on the edge of bankruptcy announced 2+ billion in investment and credit in order to begin their business revamp.
Following this Lumen announced that they are planning for 500,000+ new fiber addresses this year. Fiber to the home is specifically a very profitable sector due to the lost cost of materials and devices, and the fact that that lumen has its own in house construction and deployment teams, with construction and deployment being some of the highest cost pieces of deploying fiber to the home networks.
All this said, Lumen is both set for a small but significant short squeeze and meteoric rise in stock prices if the right market conditions are met.
Citation 1: https://finance.yahoo.com/news/could-underperforming-stock-become-millionaire-135131313.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAALBHm70tc-mwlpgzulJT1KkgEZxBGz2JlBYHlnsblG0g-XX6VdDk60v6etIuHq4Hcr2dDtc6RSj3SGkUM-kRD47uBiczA4L4DlrHHNBYOF4xuCyg5OtZPxBlL4fr8ny6Yfb3Gy8Kqv1lOWVnJyS6efKrMck7m_idCevKhIGiGiyh#
Citation 2: https://www.prnewswire.com/news-releases/lumen-technologies-completes-tsa-transactions-enabling-transformation-strategy-302097110.html
submitted by Barumamook to DeepFuckingValue [link] [comments]
Right now their SI sits at about 14%, they have 1 billion shares on the market, so the HFs are sitting on about 140 million shorts.
Since lumen is at $1.32, that’s about $183 million short.
Two things about this stock, Lumen used to be worth $11-20 pre 2022, however, due to their failure to modernize their networks, poor management, and market pressures, it has fallen greatly. Note this was not due to stock splits (citation 1)
That was the case, as of 2024 Lumen has entered into a new TSA (citation 2), what does this new transaction support agreement mean? Well lumen owe a lot of money, and it was all due very soon, what the TSA does is restructure that debt to keep the company from going bankrupt, it requires a plan of action and company transformation to be approved by its creditors.
What does that mean? It means that Lumen’s creditors believe the company’s plan to become profitable is sound, it means that the stock price will go up, potentially exponentially. So much so that the company which was on the edge of bankruptcy announced 2+ billion in investment and credit in order to begin their business revamp.
Following this Lumen announced that they are planning for 500,000+ new fiber addresses this year. Fiber to the home is specifically a very profitable sector due to the lost cost of materials and devices, and the fact that that lumen has its own in house construction and deployment teams, with construction and deployment being some of the highest cost pieces of deploying fiber to the home networks.
All this said, Lumen is both set for a small but significant short squeeze and meteoric rise in stock prices if the right market conditions are met.
Citation 1: https://finance.yahoo.com/news/could-underperforming-stock-become-millionaire-135131313.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAALBHm70tc-mwlpgzulJT1KkgEZxBGz2JlBYHlnsblG0g-XX6VdDk60v6etIuHq4Hcr2dDtc6RSj3SGkUM-kRD47uBiczA4L4DlrHHNBYOF4xuCyg5OtZPxBlL4fr8ny6Yfb3Gy8Kqv1lOWVnJyS6efKrMck7m_idCevKhIGiGiyh#
Citation 2: https://www.prnewswire.com/news-releases/lumen-technologies-completes-tsa-transactions-enabling-transformation-strategy-302097110.html
2024.05.19 06:13 HwamBamThankYouMaam They’ll Ban You
Some of you have even been banned already. This isn’t allowed to be posted on WSB or on the short squeeze. Why? Simple, they don’t want to step on any toes. They don’t want any issues leading to their subreddit being shutdown or other type of ramifications. They say it’s market manipulation. However, why is it only really unfair when you start making money? Market manipulation is illegal, but then why is it okay for big companies to short stocks? They drive these businesses into bankruptcy in order to take home a profit, but then suddenly when people decide to buy and the value goes up this is shady? Does that seem fair to you guys? It’s not. It’s unjust. The game was never tailored for the average person to win but now you guys can. You decide if you’re going to win.
submitted by HwamBamThankYouMaam to FFIE [link] [comments]
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 00:48 misheeck11 Credit card debt + foreclosure letter received yesterday
Home is in probate and have not been able to do a forbearance or loan modification because they need my husband’s birth certificate. I would like to explore all options and have them as back up so I can decide quickly when the time comes. I reached out to some bankruptcy lawyers already and will reach out to a few more next week but so far, this seems like our only lifeline for now. Sigh im also afraid of what the monthly payments might look like and if we will get approved for chapter 13. Thanks for reading…
submitted by misheeck11 to RealEstate [link] [comments]
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