Federal 7041 bankruptcy debt

Ch. 13 Case and Student Loan Debt

2024.05.21 22:41 Amazing_Sun_8385 Ch. 13 Case and Student Loan Debt

Advice needed ! I am currently going through a Ch. 13 bankruptcy where I am also being sued by my private student loan company for $65k. My monthly Ch 13 payment is $900 and since the student loan is my largest amount of debt, $700 goes to the student loan every month. So far I’ve paid $10,000 toward my student loan debt via the Ch 13 payment. Now the student loan company is offering to settle if I pay $180 for 20 years..which come to a total of $45k of debt paid plus the $10k I already paid. My lawyer says this is a good deal because my income is “high” but I don’t know about that. What are your thoughts on this? What questions should I be asking ?
submitted by Amazing_Sun_8385 to legaladvice [link] [comments]


2024.05.21 22:09 MrBackBreaker586 Estimated vs. True Budgets – Why Many Struggle with Housing and Living Costs

The Reality of Housing and Utility Costs: Why Estimated Budgets Fall Short Across Different Income Levels

The discussion around housing affordability is increasingly relevant as home prices and utility costs continue to rise, especially near major metropolitan areas. Let's dive into a detailed comparison of estimated and true budgets for individuals earning the federal minimum wage, median income, and average income, and see how they fare in terms of affording housing and utilities close to major cities. This comparison will highlight why these budgets often fall short.

Budget Analysis

Federal Minimum Wage Scenario:

Estimated Monthly Budget: - Housing: $400 - Utilities: $100 - Food: $300 - Transportation: $100 - Healthcare: $50 - Debt Payments: $50 - Savings and Investments: $50 - Entertainment and Miscellaneous: $81
Estimated Total Monthly Expenses: $1,131
True Monthly Budget: - Housing: $400 (Shared housing or low-cost rentals) - Utilities: $367 - Food: $416 (national average) - Transportation: $400 - Healthcare: $400 - Debt Payments: $400 - Savings and Investments: $400 - Entertainment and Miscellaneous: $300
True Total Monthly Expenses: $3,083
Shortfall: $1,952 per month

Median Income Scenario:

Estimated Monthly Budget: - Housing: $1,400 - Utilities: $200 - Food: $600 - Transportation: $400 - Healthcare: $400 - Debt Payments: $400 - Savings and Investments: $400 - Entertainment and Miscellaneous: $861
Estimated Total Monthly Expenses: $4,661
True Monthly Budget: - Housing: $1,919 (average mortgage for a $400,000 home) - Utilities: $367 - Food: $416 - Transportation: $400 - Healthcare: $400 - Debt Payments: $400 - Savings and Investments: $400 - Entertainment and Miscellaneous: $300
True Total Monthly Expenses: $4,602

Average Income Scenario:

Estimated Monthly Budget: - Housing: $1,300 - Utilities: $200 - Food: $600 - Transportation: $400 - Healthcare: $400 - Debt Payments: $400 - Savings and Investments: $400 - Entertainment and Miscellaneous: $637
Estimated Total Monthly Expenses: $4,337
True Monthly Budget: - Housing: $1,919 (average mortgage for a $400,000 home) - Utilities: $367 - Food: $416 - Transportation: $400 - Healthcare: $400 - Debt Payments: $400 - Savings and Investments: $400 - Entertainment and Miscellaneous: $300
True Total Monthly Expenses: $4,602

Housing Prices in Major Cities

Here are the average home prices and their impact on affordability in some major cities:
  1. New York, NY (Queens):
    • Average Home Price: $1,091,100
    • Typical Monthly Mortgage: $5,795
  2. San Francisco, CA:
    • Average Home Price: $1,515,000
    • Typical Monthly Mortgage: $6,320
  3. Seattle, WA:
    • Average Home Price: $800,000
    • Typical Monthly Mortgage: $3,579
  4. Los Angeles, CA:
    • Average Home Price: $900,000
    • Typical Monthly Mortgage: $3,840
  5. Austin, TX:
    • Average Home Price: $575,000
    • Typical Monthly Mortgage: $2,450

Additional Cost Increases: Food, Gas, and Car Prices

1. Food Prices: - Food prices in the U.S. have increased significantly, with the average cost of groceries being $416 per person per month (https://www.nerdwallet.com/article/finance/how-much-to-spend-on-groceries).
2. Gas Prices: - Gas prices have been volatile, with significant increases due to global events and supply chain disruptions. The average cost of gasoline is now around $3.50 per gallon, up from pre-pandemic levels.
3. Car Prices: - The cost of new and used cars has surged due to supply chain issues and increased demand. New car prices have increased by approximately 12% over the past year, while used car prices have seen even larger increases.

Inflation and Price Gouging

Inflation Impact: - Overall inflation has driven up the cost of living, impacting housing, utilities, food, and transportation. The Consumer Price Index (CPI) shows a significant rise in prices across all major categories.
Price Gouging: - During periods of high demand and low supply, some businesses have engaged in price gouging, further exacerbating the financial strain on consumers.

Taxation of a Dollar

When discussing the taxation process, it’s important to understand how many times a dollar is taxed before it is effectively reduced to zero through successive transactions.
1. How a Dollar is Taxed: - Initial Income Tax: Assume a marginal tax rate of 25%. From $1 earned, 25 cents goes to taxes, leaving 75 cents. - Subsequent Spending and Sales Tax: When the 75 cents is spent, assume a sales tax rate of 10%. This deducts 7.5 cents, leaving 67.5 cents. - Cycle of Transactions: This process repeats with each transaction. Each time the money changes hands, it is subject to additional taxation (income tax, sales tax, etc.).
2. How Many Times a Dollar Changes Hands: - Mathematical Model: The dollar's value after each transaction is ( Vn = V{n-1} \times (1 - t) ), where ( V ) is the value and ( t ) is the combined tax rate. - Effective Tax Rate: Assuming a combined effective tax rate of 35% (including various forms of taxation), we can calculate how many times a dollar changes hands before it is effectively reduced to zero. - Calculation: Using the formula ( V_n = V_0 \times (1 - t)n ), where ( V_0 ) is the initial dollar and solving for when ( V_n \approx 0 ): - If ( t = 0.35 ), then ( V_n = 1 \times (0.65)n ). - Solving for ( n ) when ( V_n \approx 0 ) (practically considered close to zero when it is less than 1 cent), we find that it takes approximately 10-12 transactions for the dollar to be effectively taxed to zero.

Why Budgets Don't Make Sense

Minimum Wage Earner: - The true total monthly expenses for a minimum wage earner exceed their after-tax income by $1,952. Even with shared housing and minimal expenses, they cannot afford basic living costs without significant financial assistance or multiple jobs.
Median Income Earner: - While the estimated and true budgets balance, they do not leave much room for unexpected expenses or significant savings. Housing and utility costs consume a significant portion of the income, limiting financial flexibility.
Average Income Earner: - Similar to median income earners, the estimated and true budgets balance but are very tight. High housing and utility costs significantly constrain the ability to save or spend on discretionary items.

Conclusion

Comparing these budgets highlights the stark differences in financial flexibility between minimum wage earners and those earning median or average incomes. Minimum wage earners face significant challenges in meeting basic living expenses, particularly housing and utilities. Even median and average income earners experience tight budgets when purchasing homes near major cities. Addressing housing affordability requires a multifaceted approach, including policy interventions, financial support, and increased wages to ensure financial stability and quality of life for all income groups.
Sources: - National Association of Realtors (https://www.nar.realtor) - Kiplinger (https://www.kiplinger.com) - Redfin (https://www.redfin.com) - Harvard Joint Center for Housing Studies (https://www.jchs.harvard.edu) - MIT Living Wage Calculator (https://livingwage.mit.edu) - U.S. Census Bureau (https://www.census.gov) - Bureau of Labor Statistics (https://www.bls.gov) - Move.org (https://www.move.org) - HomeGuide (https://www.homeguide.com) - Food and Agricultural Organization (https://www.fao.org) - NerdWallet (https://www.nerdwallet.com/article/finance/how-much-to-spend-on-groceries)
This comprehensive analysis provides a solid foundation for discussing housing affordability and financial challenges across different income levels. Let’s discuss
submitted by MrBackBreaker586 to u/MrBackBreaker586 [link] [comments]


2024.05.21 22:06 xadagr8 I'm 22 with a 494 credit score thanks to my mom

At 19, I started my credit building journey with a $300 limit Capital One card. I brought my score up to 680 before opening another account. I was able to get a $1000 limit through Credit One. They ended up boosting my Capital One limit up to $600. Well, I went on a trip with my now ex and payed for it with my credit cards (totaled out to be about $900) and of course expecting to be able to make my payments seeing as how I had a full time job and was very responsible with them. However, my grandma fell ill and no one was able to care for her (my mom didn't want to step up) so she insisted I quit my job to take care of her. That I did. I was not able to make the payments so my accounts went delinquent and were sent to collections. Now I'm 22 trying to scramble to get my sh*t together. I'm working full time again and no longer living with my mom. That being said, I can't advance at all because everything relies on your credit score. I'm not able to get my own apartment, car, nothing. I'm stuck, I bank with Navy Federal CU so I know I'm able to get a secured card through them. But I figured I'd turn to reddit to see what others suggest. (btw she was aware of my debt and still had me quit with no offer to help me out financially, so, no I didn't receive any income in the 2 years of taking care of my grandmother)
submitted by xadagr8 to CRedit [link] [comments]


2024.05.21 21:10 BleepBlimpBop $RILY DD: Long List of Short Seller Claims --- DEBUNKED with proof!

Ever-shifting Short Seller Claims

The short sellers attacking RILY in 2023-2024 have been relentless (currently 57% of float sold short per FinViz), with an ever-shifting list of wild accusations.
It's sickening to watch them compile a never-ending list of baseless wild theories and claims to support their short positions, which are demonstrably false. But as each is proved false, they pivot to new claims, and/or change the goalposts.
The sheer volume of shifting claims makes it hard to track how despotic they are with their "platform," and how many falsehoods they've spun. Even for someone who watched it in real-time, for almost a year

Compiled & Debunked

Sunlight kills vampires. To that end, I've compiled a list of (i) claimants (ii) claims (iii) reality (iv) definitive source proving reality.

Why Did They Target RILY?

One of the most vocal short sellers, Nate Koppikar (who also introduced Marc Cohodes to the "opportunity") has a fund Orso Partners. Based on their SEC registration document, this is their investment thesis:
"The Account’s investment objectives are to achieve capital appreciation primarily by identifying and selling short marketable equity securities of underfollowed and complex companies with misleading or corrective disclosures through a research-intensive process. The Account employs a short-biased investment strategy with an emphasis on primarily small to mid-cap companies that are underfollowed and complex (i.e., companies with market capitalizations of less than $5 billion which the market does not yet have a wellformed bull and/or bear perspective)."
RILY fits their description. The icing on the cake was the relatively large market cap, and the relatively small float. Given extremely high insider ownership (32.9% of shares per the proxy), and limitations on when and how insiders can trade, the "free float" of the stock (i.e., the shares that regularly trade) is very small for the size of the company. Moreover, the setup would only get better - given insiders have consistently used their free cash to buy additional shares hand-over-fist (further reducing the float).
That meant, with relatively small amounts of capital, the short sellers could shove around the stock price. That ability to move price opens another profit avenue - taking large derivative positions (buying puts, and selling calls), and shoving the price (or allowing it to drift up) to profit all along the way. It looked so good, the stock has been the highest-shorted on the US indices for several months. Even after the release of the 10-K, shares remain "hard to borrow" with elevated borrow fees.

Debunked Claims

The claims made by vocal short sellers could fill a book. Most were outrageous and fanciful when they were proposed. Virtually all have objectively debunked. This isn't a comprehensive list, as their claims are too numerous and varied. But it paints an illuminating picture.
With a track record this poor, one would expect the short sellers to exit - rather than continuing to spin new narratives. Perhaps the continued attacks are their exit strategy to avoid bankruptcy... Well, #Bullish.
With the highest short interest of all US stocks (albeit likely decreased from the highs of ~76% of the float), I think this is more than ripe for a return to fair value - or well above, if a short squeeze occurs.
Note: this sub disallows image posts. There is a similar post in the RILYStock sub which contains virtually all source images for the claim in the comments (too many images to embed in the post). The source images are illuminating.
Note that the list below deliberately excludes three types of posts/claims from the short sellers:
A) Juvenile personal attacks and attempts to character assassinate and dox a long list of people (RILY CEO, RILY new hires, RILY clients, Marcum the auditor, Marcum's lead audit professional, any firm or individual publicly posting a bull thesis on RILY, etc.).
B) Those that make no objective claims, but simply exist as a product of malicious degeneracy (like pictures of roasted pigs in ovens labeled Bryant Riley the CEO, photoshopped pictures of the CEO in prison chains next to convicted felons, video of an obese woman barely able to walk being gored by a bull labeled Mrs. Riley the CEO's wife, etc.).
C) Those that are impossible for short sellers to know, and impossible to objectively verify (e.g., Marc Cohodes claiming a single RILY trader front runs the CEOs personal short trades in front of clients taking following the firm's bullish advice on those stocks, to guarantee profits).
Claimant Claim Reality
1) Wolfpack Wolfpack “RILY will record investment losses of up to ~$700 million in 2023” FALSE 10-K FALSE
2) Wolfpack “new loan to CORZQ will work out just as badly as the last and end in default (again) before June 2023” Repaid in fullFALSE , early, on 1/6/2024.
3) Wolfpack “The coupon rate on RILY’s seven issues of baby bonds ranges from 5% to 6.75%, which we believe to be far too low to compensate investors for the existential risk that accompanies these securities.” Full redemption FALSE of May 2024 came early. Far more than sufficient cash to cover debt payments.
4) Wolfpack “According to our analysis, 4 of RILY’s largest 7 corporate borrowers with outstanding loan balances of $295.3 million are at a high risk of default, or in the case of CORZQ, is already in default.” Core Scientific IncExela Technologies Arena Group Holdings FALSE a. . repaid early and in full ($111MM of the “risk”) b. repaid term loan in full ($55.8MM of the “risk”) c. debt retired in full ($99MM of the “risk”). Publicly disclosed in the most recent 10-K for each company (search for "Riley" in the filing)
5) Wolfpack “RILY’s NAV is Far Below the $1.1 Billion Minimum NAV Requirement That Is Required for the Nomura Credit Agreement Putting RILY at Risk of Collapse in 2023” is in full compliance FALSE RILY with the Nomura credit agreement. Moreover, reflecting the strength of the relationship, Nomura even granted a no-fee extension when the 10-K filing was delayed. Also see 10-K for current status.
6) Wolfpack “Over $200 Million of the Goodwill and Intangible Assets on RILY’s Balance Sheet is Attributable to its Telecom Rollup, which is Centered on Dial-up and DSL Internet:” - criticizing them as dying businesses with no value extremely valuableFALSE Segment is . From just 2020 to 2023, the communications segment has returned over $212.2MM in adjusted EBITDA.
7) Nate Koppikar (TheFriendlyBear) + Bill Abbate Jr. (JrAbbate), Various RILY committed fraud with loans and closing the FRG acquisition. "The fact $RILY closed the FRG deal while hiding the Kahn loan - an all PIK defaulted loan backed by $FRG shares - is a Hall of Fame worthy act of fraud. I thought after Enron/Sarbox we couldn't have something like this happen in US markets." FALSE A law firm led an internal investigation, and an independent external investigation both found “The review confirmed what the Company previously disclosed: that the Company and its executives, including Bryant Riley, had no involvement with, or knowledge of, any of the alleged misconduct concerning Prophecy.” “The results of the independent investigation confirmed that the Company and its executives had no involvement with, or knowledge of, any of the alleged misconduct concerning Mr. Kahn or any of his affiliates. This independent investigation was conducted subsequent to the Company's February 22, 2024 disclosure of the internal review performed with the assistance of Sullivan & Cromwell LLP as outside counsel.” Also see 10-K
8) Marc Cohodes (AlderlaneEggs), ParrotCapital, Bill Abbate Jr. (JrAbbate), Various The 10-K will never be filed. They can't produce audited financials. Audited 10-K FALSE was filed. Delay was due to Audit committee fulfilling its responsibilities and proactively conducting investigations (internal and external).
9) Marc Cohodes (AlderLaneEggs) + Nate Koppikar (TheFriendlyBear) + Bill Abbate Jr. (JrAbbate) + ParrotCapital Sullivan and Cromwell knew about Massive Fraud, and did a "sham investigation" Sullivan and Cromwell FALSE is one of the most respected law firms, in the US and worldwide. "Sullivan & Cromwell continues to lead all law firm advisers in announced and completed global deals in 2023, according to Bloomberg and LSEG. The Firm advised on global announced deals totaling more than $345 billion, representing a 12.1 percent market share, per Bloomberg, and on completed global deals totaling more than $431 billion, representing a 16.9 percent market share, per LSEG." They're not compromising themselves for a relatively small client.
10) Marc Cohodes (AlderLaneEggs), Nate Koppikar (TheFriendlyBear), Bill Abbate Jr. (JrAbbate), Parrot Capital Marcum is enabling Massive Fraud MarcumFALSE is a respected audit firm, and 13th largest by revenue. "Marcum LLP advanced into the Top 15 in the 2023 Vault Accounting list of top-ranked accounting firms. Marcum climbed six levels to the No. 13 ranking overall and earned a ranking of 14 in prestige. The Firm also won Top 20 rankings across all Practice Area, Quality of Life, and Diversity categories, including several new classifications added this year."
11) Marc Cohodes (AlderLaneEggs) Nomura is enabling Massive Fraud NomuraFALSE is a global financial services company, and the oldest brokerage firm in Japan. They operate in a highly regulated industry. They're not putting themselves on the line for a relatively small client.
12) Parrot Capital "The list of $RILY enablers is massive: Marcum LLP, Sullivan and Cromwell, Seeking Alpha, Holbrook Holdings, $AX Axos Bank, Many, many more." FALSE There's no global conspiracy whereby these companies - all respected law firms, auditors, banks, and media outlets - are collectively colluding to enable RILY to commit fraud. Requires only two brain cells and one functioning synapse to know there's no grand collusion cabal between these disparate companies.
13) Marc Cohodes (AlderLaneEggs), Jonathan Weil at WSJ Franchise Group shares used to secure Kahn loan: "It is unclear whether Kahn pledged the same shares twice—to both Prophecy and B. Riley." stated by the company UCC search FALSE As , Simple disproves this. UCC # 202302295747
14) Marc Cohodes (AlderLaneEggs) “Bryant Riley is on the Road, telling people the ‘audit partner at Marcum left’ and that ‘I have made mistakes’ “ hit the 5yr SEC ruleFALSE Marcum audit partner was working on the audit the whole time; the original audit partner had , so he was never working on this year’s audit.
15) Marc Cohodes (AlderLaneEggs) "So it turns out James La Rocca was Fired by MarcumLLP If nothing was wrong with prior $RILY Audits, why is he gone? This will be great in discovery of what exactly went on. hit the 5yr SEC ruleFALSE Marcum audit partner was working on the audit the whole time; the original audit partner had , so he was never working on this year’s audit.
16) Koppikar (TheFriendlyBear) “So Bryant Riley did disseminate MNPI back in March” in response to Cohodes claim that he told people the Marcum partner left 5 consecutive yearsFALSE Cohodes claimed Bryant Riley was telling people the Marcum auditor left. Koppikar called that disseminating MNPI. Cohodes statement was false (and thus Koppikar's derivate claim is also false). A different auditor worked on RILY, as Marcum follows the SEC rules; the lead auditor can only serve the client for . As such, Koppikar’s derivative claim of disseminating MNPI is false.
17) Koppikar (TheFriendlyBear) “He appears to still not be familiar with the voting interest model of consolidation… why is a life science and tech partner signing an extremely complex investment company / broker dealer audit ???” i.e., auditor is unqualified Marcum is a highly respected auditorFALSE The auditor is fully qualified. ; they don't hire unqualified people, or assign them to clients they're unqualified to audit. RILY is continuing to use Marcum as the 2024 auditor.
18) Marc Cohodes (AlderLaneEggs) "Now that the $RILY dividend is going away, this omission is serious stuff" reduced 24Q1FALSE The dividend did not go away. It was from $1.00/share to $0.50/share, to allow them to opportunistically allocate capital. 23Q4 and
There are too many source images for the claims above to embed in a reddit post, and this sub doesn't allow images in comments. Images can be seen on a version of this posted to a sub that discusses RILY in the comments (~55 images). All claims can be sourced on the various social media venues and websites utilized by the short sellers. Other sources include: https://wolfpackresearch.com/research/rily/ and here https://friendlybearresearch.com/wp-content/uploads/2023/12/RILY-Analyst-Day-Questions-12_11_13-Final.pdf and https://www.institutionalinvestor.com/article/2cpgaejc45gocvoqb1ngg/corner-office/how-b-riley-garnered-the-biggest-short-interest-of-2023 and https://www.wsj.com/finance/how-an-unremarkable-deal-became-a-big-threat-to-a-small-investment-bank-f819a169 . https://adviserinfo.sec.gov/firm/summary/304196 form ADV. This is not financial advice. All claim summarizations reflect my interpretation of the short seller claims, and should be verified against original sources, along with all counters.
submitted by BleepBlimpBop to smallstreetbets [link] [comments]


2024.05.21 21:08 virgoduo Debt question

How old does the debt has to be to be included in the bankruptcy? I have only spoken to an attorney and haven’t started to file yet.
Our refrigerator is going bad so if we buy a new one can it be included if we file later this year?
submitted by virgoduo to Bankruptcy [link] [comments]


2024.05.21 20:52 Region-Formal At The Market offerings and stock dilutions: why there's more here than initially meets the eye...

At The Market offerings and stock dilutions: why there's more here than initially meets the eye... submitted by Region-Formal to Superstonk [link] [comments]


2024.05.21 20:20 Effective_Date_1646 How to dismiss a lawsuit of debt

I had surgery for endometriosis in July ‘19 that ended up being like $15,000/$16,000. My insurance was through my job at that time, my insurance covered around $10,000 of it & left me to pay almost $6,000. I was around 21 at the time & honestly don’t ever remember knowing that I owed it the remaining let alone being able to pay that anyways time goes on I am now 27 & I guess the hospital sold my debt to a debt collector agency & they decided to sue me for that debt last yr May & the judge ruled in their judgment. They just sent me another summons for court to pay them & put a levy on my bank account. I can’t afford to pay almost $6,000 let alone pay my own bills that I also can barely afford. Would anyone know how I can avoid paying this & get my bank account back? I really don’t want to do bankruptcy because I wouldn’t be able to pay for a lawyer for that as well & my credit has just been majorly fucked already. Any help would be greatly appreciated thank you
submitted by Effective_Date_1646 to DebtAdvice [link] [comments]


2024.05.21 20:14 Marblehardt What options are available to me and siblings for repayment of $50k house investment?

Hello there! I was hoping to gather some insight on possible repayment options from my sister (29) to me (31) and my brother (34). The obvious answer is to set up a repayment plan based on her budget, but I'm wondering if there are other options that we haven't thought of.
Context: Parent set up college/trust funds when me and my siblings were young. They died in 2007; we (me + siblings + mom) were scared of losing the house. We kids agreed to contribute $50k each to the mortgage when we turned 18.
I + siblings graduated from college. Mom sold the house to downsize and used the funds to buy a different house outright (no mortgage). At the time, my siblings and I figured we would simply be repaid for our contributions via inheritance (dividing up assets three ways).
Mom had a health scare in autumn 2023. She and my sister agreed to merge households. Mom sold her house and they bought one together. All money from the sale of Mom's house went into the purchase of the joint house.
My sister effectively benefited from 100% of the possible inheritance. She agreed to take on the "debt" of $50k each.
My brother and I are ceding any possibility of additional money (from what would have eventually been a three-way split). In return, our sister will provide financial coverage for mom's long-term healthcare as she ages.
Query: Are there any options available to my sister as the payer or to me and my brother as the recipients that would enable her to pay us back in a meaningful way without having to wait 10+ years? But that would also not cause her financial strife?
Additional factors:
• US federal gift tax limit of $18k/year.
• Home equity loan not available since the house purchase is so new.
• Preference to avoid personal loans, due to high interest rates. (Can you even use a personal loan in this way?)
tl;dr: My sister has taken over a debt of $50k each to be paid to me and our brother. Are there any money/finance/banking options out there to help her pay us back in a timely way, without causing her financial pain?
submitted by Marblehardt to FinancialPlanning [link] [comments]


2024.05.21 19:13 yuritopiaposadism This Red Lobster example perfectly encapsulates the state of consolidation that late capitalism in the United States has entered. The systematic dismantling of tangible things which took decades to build has reduced America into a capital scrap yard, it makes less than nothing now.

This Red Lobster example perfectly encapsulates the state of consolidation that late capitalism in the United States has entered. The systematic dismantling of tangible things which took decades to build has reduced America into a capital scrap yard, it makes less than nothing now. submitted by yuritopiaposadism to lostgeneration [link] [comments]


2024.05.21 19:13 yuritopiaposadism This Red Lobster example perfectly encapsulates the state of consolidation that late capitalism in the United States has entered. The systematic dismantling of tangible things which took decades to build has reduced America into a capital scrap yard, it makes less than nothing now.

This Red Lobster example perfectly encapsulates the state of consolidation that late capitalism in the United States has entered. The systematic dismantling of tangible things which took decades to build has reduced America into a capital scrap yard, it makes less than nothing now. submitted by yuritopiaposadism to Anarchy4Everyone [link] [comments]


2024.05.21 18:56 ReasonableAd6078 With a newly “robust” salary, how should I (38) prioritize saving and paying off student loan debt?

Before any lectures on why Im behind on saving - over the years Ive mostly been stuck in dead end jobs, had a few medical emergencies on my end/with family that wiped out savings multiple times, and had to take out loans to fund undergrad/grad degrees that allowed me a transition into my new field, in which I recently started making 300k. (Yes folks, it’s possible to flip the script at age 35). My work keeps my mind sharp plus I need structure in my life so have no problem retiring at 65.
Current situation:
Finances right now:
submitted by ReasonableAd6078 to personalfinance [link] [comments]


2024.05.21 18:29 The_Everything_B_Mod US federal budget crosses grim milestone as interest payments overtake defense spending (Oh no need to worry, most people on Reddit do not think that debt or not being able to service our American debt matters and no default will occur. We all good!! /S)

US federal budget crosses grim milestone as interest payments overtake defense spending (Oh no need to worry, most people on Reddit do not think that debt or not being able to service our American debt matters and no default will occur. We all good!! /S) submitted by The_Everything_B_Mod to economy [link] [comments]


2024.05.21 18:28 The_Everything_B_Mod US federal budget crosses grim milestone as interest payments overtake defense spending (Oh no need to worry, most people on Reddit do not think that debt or not being able to service our American debt matters and no default will occur. We all good!! /S)

US federal budget crosses grim milestone as interest payments overtake defense spending (Oh no need to worry, most people on Reddit do not think that debt or not being able to service our American debt matters and no default will occur. We all good!! /S) submitted by The_Everything_B_Mod to the_everything_bubble [link] [comments]


2024.05.21 18:28 BleepBlimpBop $RILY DD: Long List of Short Seller Claims --- DEBUNKED with proof!

Ever-shifting Short Seller Claims

The short sellers attacking RILY in 2023-2024 have been relentless (currently 57% of float sold short per FinViz), with an ever-shifting list of wild accusations.
It's sickening to watch them compile a never-ending list of baseless wild theories and claims to support their short positions, which are demonstrably false. But as each is proved false, they pivot to new claims, and/or change the goalposts.
The sheer volume of shifting claims makes it hard to track how despotic they are with their "platform," and how many falsehoods they've spun. Even for someone who watched it in real-time, for almost a year

Compiled & Debunked

Sunlight kills vampires. To that end, I've compiled a list of (i) claimants (ii) claims (iii) reality (iv) definitive source proving reality.

Why Did They Target RILY?

One of the most vocal short sellers, Nate Koppikar (who also introduced Marc Cohodes to the "opportunity") has a fund Orso Partners. Based on their SEC registration document, this is their investment thesis:
"The Account’s investment objectives are to achieve capital appreciation primarily by identifying and selling short marketable equity securities of underfollowed and complex companies with misleading or corrective disclosures through a research-intensive process. The Account employs a short-biased investment strategy with an emphasis on primarily small to mid-cap companies that are underfollowed and complex (i.e., companies with market capitalizations of less than $5 billion which the market does not yet have a wellformed bull and/or bear perspective)."
RILY fits their description. The icing on the cake was the relatively large market cap, and the relatively small float. Given extremely high insider ownership (32.9% of shares per the proxy), and limitations on when and how insiders can trade, the "free float" of the stock (i.e., the shares that regularly trade) is very small for the size of the company. Moreover, the setup would only get better - given insiders have consistently used their free cash to buy additional shares hand-over-fist (further reducing the float).
That meant, with relatively small amounts of capital, the short sellers could shove around the stock price. That ability to move price opens another profit avenue - taking large derivative positions (buying puts, and selling calls), and shoving the price (or allowing it to drift up) to profit all along the way. It looked so good, the stock has been the highest-shorted on the US indices for several months. Even after the release of the 10-K, shares remain "hard to borrow" with elevated borrow fees.

Debunked Claims

The claims made by vocal short sellers could fill a book. Most were outrageous and fanciful when they were proposed. Virtually all have objectively debunked. This isn't a comprehensive list, as their claims are too numerous and varied. But it paints an illuminating picture.
With a track record this poor, one would expect the short sellers to exit - rather than continuing to spin new narratives. Perhaps the continued attacks are their exit strategy to avoid bankruptcy... Well, #Bullish.
With the highest short interest of all US stocks (albeit likely decreased from the highs of ~76% of the float), I think this is more than ripe for a return to fair value - or well above, if a short squeeze occurs.
Note: this sub disallows image posts. There is a similar post in the RILYStock sub which contains virtually all source images for the claim in the comments (too many images to embed in the post). The source images are illuminating.
Note that the list below deliberately excludes three types of posts/claims from the short sellers:
A) Juvenile personal attacks and attempts to character assassinate and dox a long list of people (RILY CEO, RILY new hires, RILY clients, Marcum the auditor, Marcum's lead audit professional, any firm or individual publicly posting a bull thesis on RILY, etc.).
B) Those that make no objective claims, but simply exist as a product of malicious degeneracy (like pictures of roasted pigs in ovens labeled Bryant Riley the CEO, photoshopped pictures of the CEO in prison chains next to convicted felons, video of an obese woman barely able to walk being gored by a bull labeled Mrs. Riley the CEO's wife, etc.).
C) Those that are impossible for short sellers to know, and impossible to objectively verify (e.g., Marc Cohodes claiming a single RILY trader front runs the CEOs personal short trades in front of clients taking following the firm's bullish advice on those stocks, to guarantee profits).
Claimant Claim Reality
1) Wolfpack Wolfpack “RILY will record investment losses of up to ~$700 million in 2023” FALSE 10-K FALSE
2) Wolfpack “new loan to CORZQ will work out just as badly as the last and end in default (again) before June 2023” FALSE Repaid in full, early, on 1/6/2024.
3) Wolfpack “The coupon rate on RILY’s seven issues of baby bonds ranges from 5% to 6.75%, which we believe to be far too low to compensate investors for the existential risk that accompanies these securities.” FALSE Full redemption of May 2024 came early. Far more than sufficient cash to cover debt payments.
4) Wolfpack “According to our analysis, 4 of RILY’s largest 7 corporate borrowers with outstanding loan balances of $295.3 million are at a high risk of default, or in the case of CORZQ, is already in default.” FALSE a. Core Scientific Inc. repaid early and in full ($111MM of the “risk”) b. Exela Technologies repaid term loan in full ($55.8MM of the “risk”) c. Arena Group Holdings debt retired in full ($99MM of the “risk”). Publicly disclosed in the most recent 10-K for each company (search for "Riley" in the filing)
5) Wolfpack “RILY’s NAV is Far Below the $1.1 Billion Minimum NAV Requirement That Is Required for the Nomura Credit Agreement Putting RILY at Risk of Collapse in 2023” FALSE RILY is in full compliance with the Nomura credit agreement. Moreover, reflecting the strength of the relationship, Nomura even granted a no-fee extension when the 10-K filing was delayed. Also see 10-K for current status.
6) Wolfpack “Over $200 Million of the Goodwill and Intangible Assets on RILY’s Balance Sheet is Attributable to its Telecom Rollup, which is Centered on Dial-up and DSL Internet:” - criticizing them as dying businesses with no value FALSE Segment is extremely valuable. From just 2020 to 2023, the communications segment has returned over $212.2MM in adjusted EBITDA.
7) Nate Koppikar (TheFriendlyBear) + Bill Abbate Jr. (JrAbbate), Various RILY committed fraud with loans and closing the FRG acquisition. "The fact $RILY closed the FRG deal while hiding the Kahn loan - an all PIK defaulted loan backed by $FRG shares - is a Hall of Fame worthy act of fraud. I thought after Enron/Sarbox we couldn't have something like this happen in US markets." FALSE A law firm led an internal investigation, and an independent external investigation both found “The review confirmed what the Company previously disclosed: that the Company and its executives, including Bryant Riley, had no involvement with, or knowledge of, any of the alleged misconduct concerning Prophecy.” “The results of the independent investigation confirmed that the Company and its executives had no involvement with, or knowledge of, any of the alleged misconduct concerning Mr. Kahn or any of his affiliates. This independent investigation was conducted subsequent to the Company's February 22, 2024 disclosure of the internal review performed with the assistance of Sullivan & Cromwell LLP as outside counsel.” Also see 10-K
8) Marc Cohodes (AlderlaneEggs), ParrotCapital, Bill Abbate Jr. (JrAbbate), Various The 10-K will never be filed. They can't produce audited financials. FALSE Audited 10-K was filed. Delay was due to Audit committee fulfilling its responsibilities and proactively conducting investigations (internal and external).
9) Marc Cohodes (AlderLaneEggs) + Nate Koppikar (TheFriendlyBear) + Bill Abbate Jr. (JrAbbate) + ParrotCapital Sullivan and Cromwell knew about Massive Fraud, and did a "sham investigation" FALSE Sullivan and Cromwell is one of the most respected law firms, in the US and worldwide. "Sullivan & Cromwell continues to lead all law firm advisers in announced and completed global deals in 2023, according to Bloomberg and LSEG. The Firm advised on global announced deals totaling more than $345 billion, representing a 12.1 percent market share, per Bloomberg, and on completed global deals totaling more than $431 billion, representing a 16.9 percent market share, per LSEG." They're not compromising themselves for a relatively small client.
10) Marc Cohodes (AlderLaneEggs), Nate Koppikar (TheFriendlyBear), Bill Abbate Jr. (JrAbbate), Parrot Capital Marcum is enabling Massive Fraud FALSE Marcum is a respected audit firm, and 13th largest by revenue. "Marcum LLP advanced into the Top 15 in the 2023 Vault Accounting list of top-ranked accounting firms. Marcum climbed six levels to the No. 13 ranking overall and earned a ranking of 14 in prestige. The Firm also won Top 20 rankings across all Practice Area, Quality of Life, and Diversity categories, including several new classifications added this year."
11) Marc Cohodes (AlderLaneEggs) Nomura is enabling Massive Fraud FALSE Nomura is a global financial services company, and the oldest brokerage firm in Japan. They operate in a highly regulated industry. They're not putting themselves on the line for a relatively small client.
12) Parrot Capital "The list of $RILY enablers is massive: Marcum LLP, Sullivan and Cromwell, Seeking Alpha, Holbrook Holdings, $AX Axos Bank, Many, many more." FALSE There's no global conspiracy whereby these companies - all respected law firms, auditors, banks, and media outlets - are collectively colluding to enable RILY to commit fraud. Requires only two brain cells and one functioning synapse to know there's no grand collusion cabal between these disparate companies.
13) Marc Cohodes (AlderLaneEggs), Jonathan Weil at WSJ Franchise Group shares used to secure Kahn loan: "It is unclear whether Kahn pledged the same shares twice—to both Prophecy and B. Riley." FALSE As stated by the company, Simple UCC search disproves this. UCC # 202302295747
14) Marc Cohodes (AlderLaneEggs) “Bryant Riley is on the Road, telling people the ‘audit partner at Marcum left’ and that ‘I have made mistakes’ “ FALSE Marcum audit partner was working on the audit the whole time; the original audit partner had hit the 5yr SEC rule, so he was never working on this year’s audit.
15) Marc Cohodes (AlderLaneEggs) "So it turns out James La Rocca was Fired by MarcumLLP If nothing was wrong with prior $RILY Audits, why is he gone? This will be great in discovery of what exactly went on. FALSE Marcum audit partner was working on the audit the whole time; the original audit partner had hit the 5yr SEC rule, so he was never working on this year’s audit.
16) Koppikar (TheFriendlyBear) “So Bryant Riley did disseminate MNPI back in March” in response to Cohodes claim that he told people the Marcum partner left FALSE Cohodes claimed Bryant Riley was telling people the Marcum auditor left. Koppikar called that disseminating MNPI. Cohodes statement was false (and thus Koppikar's derivate claim is also false). A different auditor worked on RILY, as Marcum follows the SEC rules; the lead auditor can only serve the client for 5 consecutive years. As such, Koppikar’s derivative claim of disseminating MNPI is false.
17) Koppikar (TheFriendlyBear) “He appears to still not be familiar with the voting interest model of consolidation… why is a life science and tech partner signing an extremely complex investment company / broker dealer audit ???” i.e., auditor is unqualified FALSE The auditor is fully qualified. Marcum is a highly respected auditor; they don't hire unqualified people, or assign them to clients they're unqualified to audit. RILY is continuing to use Marcum as the 2024 auditor.
18) Marc Cohodes (AlderLaneEggs) "Now that the $RILY dividend is going away, this omission is serious stuff" FALSE The dividend did not go away. It was reduced from $1.00/share to $0.50/share, to allow them to opportunistically allocate capital. 23Q4 and 24Q1
No source images included for the claims, as this sub disallows images in posts and comments. Images can be seen on a version of this posted to a sub that discusses RILY. All claims can be sourced on the various social media venues and websites utilized by the short sellers. Other sources include: https://wolfpackresearch.com/research/rily/ and here https://friendlybearresearch.com/wp-content/uploads/2023/12/RILY-Analyst-Day-Questions-12_11_13-Final.pdf and https://www.institutionalinvestor.com/article/2cpgaejc45gocvoqb1ngg/corner-office/how-b-riley-garnered-the-biggest-short-interest-of-2023 and https://www.wsj.com/finance/how-an-unremarkable-deal-became-a-big-threat-to-a-small-investment-bank-f819a169 . https://adviserinfo.sec.gov/firm/summary/304196 form ADV. This is not financial advice. All claim summarizations reflect my interpretation of the short seller claims, and should be verified against original sources, along with all counters. Due to Reddit image attachment limits, not all source images are included (but any missing can be found on TwitteX or other publicly available sources).
submitted by BleepBlimpBop to WallStreetbetsELITE [link] [comments]


2024.05.21 18:23 BleepBlimpBop $RILY: Long List of Short Seller Claims --- DEBUNKED

Ever-shifting Short Seller Claims

The short sellers attacking RILY in 2023-2024 have been relentless (currently 57% of float sold short per FinViz), with an ever-shifting list of wild accusations.
It's sickening to watch them compile a never-ending list of baseless wild theories and claims to support their short positions, which are demonstrably false. But as each is proved false, they pivot to new claims, and/or change the goalposts.
The sheer volume of shifting claims makes it hard to track how despotic they are with their "platform," and how many falsehoods they've spun. Even for someone who watched it in real-time, for almost a year

Compiled & Debunked

Sunlight kills vampires. To that end, I've compiled a list of (i) claimants (ii) claims (iii) reality (iv) definitive source proving reality.

Why Did They Target RILY?

One of the most vocal short sellers, Nate Koppikar (who also introduced Marc Cohodes to the "opportunity") has a fund Orso Partners. Based on their SEC registration document, this is their investment thesis:
"The Account’s investment objectives are to achieve capital appreciation primarily by identifying and selling short marketable equity securities of underfollowed and complex companies with misleading or corrective disclosures through a research-intensive process. The Account employs a short-biased investment strategy with an emphasis on primarily small to mid-cap companies that are underfollowed and complex (i.e., companies with market capitalizations of less than $5 billion which the market does not yet have a wellformed bull and/or bear perspective)."
RILY fits their description. The icing on the cake was the relatively large market cap, and the relatively small float. Given extremely high insider ownership (32.9% of shares per the proxy), and limitations on when and how insiders can trade, the "free float" of the stock (i.e., the shares that regularly trade) is very small for the size of the company. Moreover, the setup would only get better - given insiders have consistently used their free cash to buy additional shares hand-over-fist (further reducing the float).
That meant, with relatively small amounts of capital, the short sellers could shove around the stock price. That ability to move price opens another profit avenue - taking large derivative positions (buying puts, and selling calls), and shoving the price (or allowing it to drift up) to profit all along the way. It looked so good, the stock has been the highest-shorted on the US indices for several months. Even after the release of the 10-K, shares remain "hard to borrow" with elevated borrow fees.

Debunked Claims

The claims made by vocal short sellers could fill a book. Most were outrageous and fanciful when they were proposed. Virtually all have objectively debunked. This isn't a comprehensive list, as their claims are too numerous and varied. But it paints an illuminating picture.
With a track record this poor, one would expect the short sellers to exit - rather than continuing to spin new narratives. Perhaps the continued attacks are their exit strategy to avoid bankruptcy... Well, #Bullish.
With the highest short interest of all US stocks (albeit likely decreased from the highs of ~76% of the float), I think this is more than ripe for a return to fair value - or well above, if a short squeeze occurs.
Note that the list below deliberately excludes three types of posts/claims from the short sellers:
A) Juvenile personal attacks and attempts to character assassinate and dox a long list of people (RILY CEO, RILY new hires, RILY clients, Marcum the auditor, Marcum's lead audit professional, any firm or individual publicly posting a bull thesis on RILY, etc.).
B) Those that make no objective claims, but simply exist as a product of malicious degeneracy (like pictures of roasted pigs in ovens labeled Bryant Riley the CEO, photoshopped pictures of the CEO in prison chains next to convicted felons, video of an obese woman barely able to walk being gored by a bull labeled Mrs. Riley the CEO's wife, etc.).
C) Those that are impossible for short sellers to know, and impossible to objectively verify (e.g., Marc Cohodes claiming a single RILY trader front runs the CEOs personal short trades in front of clients taking following the firm's bullish advice on those stocks, to guarantee profits).
Claimant Claim Reality
1) Wolfpack Wolfpack “RILY will record investment losses of up to ~$700 million in 2023” FALSE 10-K FALSE
2) Wolfpack “new loan to CORZQ will work out just as badly as the last and end in default (again) before June 2023” FALSE Repaid in full, early, on 1/6/2024.
3) Wolfpack “The coupon rate on RILY’s seven issues of baby bonds ranges from 5% to 6.75%, which we believe to be far too low to compensate investors for the existential risk that accompanies these securities.” FALSE Full redemption of May 2024 came early. Far more than sufficient cash to cover debt payments.
4) Wolfpack “According to our analysis, 4 of RILY’s largest 7 corporate borrowers with outstanding loan balances of $295.3 million are at a high risk of default, or in the case of CORZQ, is already in default.” FALSE a. Core Scientific Inc. repaid early and in full ($111MM of the “risk”) b. Exela Technologies repaid term loan in full ($55.8MM of the “risk”) c. Arena Group Holdings debt retired in full ($99MM of the “risk”). Publicly disclosed in the most recent 10-K for each company (search for "Riley" in the filing)
5) Wolfpack “RILY’s NAV is Far Below the $1.1 Billion Minimum NAV Requirement That Is Required for the Nomura Credit Agreement Putting RILY at Risk of Collapse in 2023” FALSE RILY is in full compliance with the Nomura credit agreement. Moreover, reflecting the strength of the relationship, Nomura even granted a no-fee extension when the 10-K filing was delayed. Also see 10-K for current status.
6) Wolfpack “Over $200 Million of the Goodwill and Intangible Assets on RILY’s Balance Sheet is Attributable to its Telecom Rollup, which is Centered on Dial-up and DSL Internet:” - criticizing them as dying businesses with no value FALSE Segment is extremely valuable. From just 2020 to 2023, the communications segment has returned over $212.2MM in adjusted EBITDA.
7) Nate Koppikar (TheFriendlyBear) + Bill Abbate Jr. (JrAbbate), Various RILY committed fraud with loans and closing the FRG acquisition. "The fact $RILY closed the FRG deal while hiding the Kahn loan - an all PIK defaulted loan backed by $FRG shares - is a Hall of Fame worthy act of fraud. I thought after Enron/Sarbox we couldn't have something like this happen in US markets." FALSE A law firm led an internal investigation, and an independent external investigation both found “The review confirmed what the Company previously disclosed: that the Company and its executives, including Bryant Riley, had no involvement with, or knowledge of, any of the alleged misconduct concerning Prophecy.” “The results of the independent investigation confirmed that the Company and its executives had no involvement with, or knowledge of, any of the alleged misconduct concerning Mr. Kahn or any of his affiliates. This independent investigation was conducted subsequent to the Company's February 22, 2024 disclosure of the internal review performed with the assistance of Sullivan & Cromwell LLP as outside counsel.” Also see 10-K
8) Marc Cohodes (AlderlaneEggs), ParrotCapital, Bill Abbate Jr. (JrAbbate), Various The 10-K will never be filed. They can't produce audited financials. FALSE Audited 10-K was filed. Delay was due to Audit committee fulfilling its responsibilities and proactively conducting investigations (internal and external).
9) Marc Cohodes (AlderLaneEggs) + Nate Koppikar (TheFriendlyBear) + Bill Abbate Jr. (JrAbbate) + ParrotCapital Sullivan and Cromwell knew about Massive Fraud, and did a "sham investigation" FALSE Sullivan and Cromwell is one of the most respected law firms, in the US and worldwide. "Sullivan & Cromwell continues to lead all law firm advisers in announced and completed global deals in 2023, according to Bloomberg and LSEG. The Firm advised on global announced deals totaling more than $345 billion, representing a 12.1 percent market share, per Bloomberg, and on completed global deals totaling more than $431 billion, representing a 16.9 percent market share, per LSEG." They're not compromising themselves for a relatively small client.
10) Marc Cohodes (AlderLaneEggs), Nate Koppikar (TheFriendlyBear), Bill Abbate Jr. (JrAbbate), Parrot Capital Marcum is enabling Massive Fraud FALSE Marcum is a respected audit firm, and 13th largest by revenue. "Marcum LLP advanced into the Top 15 in the 2023 Vault Accounting list of top-ranked accounting firms. Marcum climbed six levels to the No. 13 ranking overall and earned a ranking of 14 in prestige. The Firm also won Top 20 rankings across all Practice Area, Quality of Life, and Diversity categories, including several new classifications added this year."
11) Marc Cohodes (AlderLaneEggs) Nomura is enabling Massive Fraud FALSE Nomura is a global financial services company, and the oldest brokerage firm in Japan. They operate in a highly regulated industry. They're not putting themselves on the line for a relatively small client.
12) Parrot Capital "The list of $RILY enablers is massive: Marcum LLP, Sullivan and Cromwell, Seeking Alpha, Holbrook Holdings, $AX Axos Bank, Many, many more." FALSE There's no global conspiracy whereby these companies - all respected law firms, auditors, banks, and media outlets - are collectively colluding to enable RILY to commit fraud. Requires only two brain cells and one functioning synapse to know there's no grand collusion cabal between these disparate companies.
13) Marc Cohodes (AlderLaneEggs), Jonathan Weil at WSJ Franchise Group shares used to secure Kahn loan: "It is unclear whether Kahn pledged the same shares twice—to both Prophecy and B. Riley." FALSE As stated by the company, Simple UCC search disproves this. UCC # 202302295747
14) Marc Cohodes (AlderLaneEggs) “Bryant Riley is on the Road, telling people the ‘audit partner at Marcum left’ and that ‘I have made mistakes’ “ FALSE Marcum audit partner was working on the audit the whole time; the original audit partner had hit the 5yr SEC rule, so he was never working on this year’s audit.
15) Marc Cohodes (AlderLaneEggs) "So it turns out James La Rocca was Fired by MarcumLLP If nothing was wrong with prior $RILY Audits, why is he gone? This will be great in discovery of what exactly went on. FALSE Marcum audit partner was working on the audit the whole time; the original audit partner had hit the 5yr SEC rule, so he was never working on this year’s audit.
16) Koppikar (TheFriendlyBear) “So Bryant Riley did disseminate MNPI back in March” in response to Cohodes claim that he told people the Marcum partner left FALSE Cohodes claimed Bryant Riley was telling people the Marcum auditor left. Koppikar called that disseminating MNPI. Cohodes statement was false (and thus Koppikar's derivate claim is also false). A different auditor worked on RILY, as Marcum follows the SEC rules; the lead auditor can only serve the client for 5 consecutive years. As such, Koppikar’s derivative claim of disseminating MNPI is false.
17) Koppikar (TheFriendlyBear) “He appears to still not be familiar with the voting interest model of consolidation… why is a life science and tech partner signing an extremely complex investment company / broker dealer audit ???” i.e., auditor is unqualified FALSE The auditor is fully qualified. Marcum is a highly respected auditor; they don't hire unqualified people, or assign them to clients they're unqualified to audit. RILY is continuing to use Marcum as the 2024 auditor.
18) Marc Cohodes (AlderLaneEggs) "Now that the $RILY dividend is going away, this omission is serious stuff" FALSE The dividend did not go away. It was reduced from $1.00/share to $0.50/share, to allow them to opportunistically allocate capital. 23Q4 and 24Q1
19) Marc Cohodes (AlderLaneEggs) "$RILY doesn't make it till Easter... I will say it again and again.." FALSE They made it, filed a 10-K and paid a dividend, filed a 10-Q and are paying a dividend, and are chugging along. With stock price 50% higher than when this claim was made.
A sampling of the source claims listed above can be found in the images embedded in comments below this post, with additional claims found here https://wolfpackresearch.com/research/rily/ and here https://friendlybearresearch.com/wp-content/uploads/2023/12/RILY-Analyst-Day-Questions-12_11_13-Final.pdf and https://www.institutionalinvestor.com/article/2cpgaejc45gocvoqb1ngg/corner-office/how-b-riley-garnered-the-biggest-short-interest-of-2023 and https://www.wsj.com/finance/how-an-unremarkable-deal-became-a-big-threat-to-a-small-investment-bank-f819a169 . https://adviserinfo.sec.gov/firm/summary/304196 form ADV. Additional claims can be sourced on the various social media venues and websites utilized by the short sellers. This is not financial advice. All claim summarizations reflect my interpretation of the short seller claims, and should be verified against original sources, along with all counters. Due to Reddit image attachment limits, not all source images are included (but any missing can be found on TwitteX or other publicly available sources). Was unable to embed images in the post itself due to a Reddit limitation/bug.
submitted by BleepBlimpBop to RILYStock [link] [comments]


2024.05.21 18:05 ImpressionOverall862 Got a response from the FDIC

Thank you for contacting the FDIC's Consumer Response Unit regarding your concerns with disruptions to payment processing that may be impacting your ability to access your funds. While the FDIC is monitoring the situation, the matter pertaining to a third-party processor is currently being litigated before a United States Bankruptcy Court. For more information about this proceeding, please contact ustpregion16.wh.ecf@usdoj.gov or review the United States Trustee Program website at www.justice.gov/ust/ust-regions-r16/region-16-central-district-california-los-angeles-division.
For questions about Lineage Bank, please contact the bank at 629-248-9092 or www.lineagebank.com/contact.
The Federal Reserve is the primary federal banking regulator for Evolve Bank & Trust. Questions or concerns regarding Evolve Bank & Trust may be directed to the bank at 866-210-9972 or www.getevolved.com/contact/ or the Federal Reserve at 888-851-1920 or www.federalreserveconsumerhelp.gov.
Additional information about common banking topics and FDIC deposit insurance coverage can be found at www.fdic.gov/resources/consumers/consumer-assistance-topics and www.fdic.gov/resources/deposit-insurance/.
We hope you find this information to be of assistance.
Sincerely, Consumer Response Unit National Center for Consumer and Depositor Assistance Federal Deposit Insurance Corporation
submitted by ImpressionOverall862 to yotta [link] [comments]


2024.05.21 17:58 Flaky_Complex_9099 SIGNED INTO LAW: Alabama Abolishes Income Taxes on Gold and Silver

SIGNED INTO LAW: Alabama Abolishes Income Taxes on Gold and Silver
SIGNED INTO LAW: Alabama Abolishes Income Taxes on Gold and Silver
This may help expand precious metals (gold and silver) mining in Alabama.
On May 14, 2024, Alabama Governor Kay Ivey signed a bill that removes all income taxes on capital gains from the sale of gold and silver, enabling the state to take an important step forward in reinforcing sound money principles.
With this move, Alabama joins a growing number of states prioritizing the protection of citizens against the deleterious effects of inflation, currency debasement, and mounting federal debt.
Enactment of Senate Bill 297 makes Alabama the 13th state in the nation that does not impose capital gains taxes on sales of gold and silver.
Citation: https://www.moneymetals.com/news/2024/05/18/signed-into-law-alabama-abolishes-income-taxes-gold-and-silver-003202
submitted by Flaky_Complex_9099 to mining [link] [comments]


2024.05.21 17:56 Flaky_Complex_9099 SIGNED INTO LAW: Alabama Abolishes Income Taxes on Gold and Silver

SIGNED INTO LAW: Alabama Abolishes Income Taxes on Gold and Silver
SIGNED INTO LAW: Alabama Abolishes Income Taxes on Gold and Silver
On May 14, 2024, Alabama Governor Kay Ivey signed a bill that removes all income taxes on capital gains from the sale of gold and silver, enabling the state to take an important step forward in reinforcing sound money principles.
With this move, Alabama joins a growing number of states prioritizing the protection of citizens against the deleterious effects of inflation, currency debasement, and mounting federal debt.
Enactment of Senate Bill 297 makes Alabama the 13th state in the nation that does not impose capital gains taxes on sales of gold and silver.
Article Citation: https://www.moneymetals.com/news/2024/05/18/signed-into-law-alabama-abolishes-income-taxes-gold-and-silver-003202
submitted by Flaky_Complex_9099 to Sound_Money [link] [comments]


2024.05.21 17:49 Coozhie My mother who makes 190k wants me to co-sign on a Mortgage refi

To add context I am 25 year old male who makes just under 70k. Still living at home while waiting for my partner to finish her masters. My current credit score is 650 but I am paying off credit card debt from school and in the last few months it went from 600 to what it is currently. Projected by the end of the year to be rid of majority of bad debt and paying off my auto loan (only have 2k left). I invest $10 a day into S&P 500 ETF trusts if that matters as well as put 1k a month away into savings currently.
My mother works for the federal government making 190k. She has a mid 600 credit score. Her mortgage is around 4800 and she can refinance with me to cut that in half. She would have me as a co-signer and joint owner of the house. She also had many many medical issues so she’s planning for the future in the chance she passes in the next decade.
She told me that if she passes at a joint owner with me on the house it’s much easier for me to take over. I don’t plan to stay at this house any longer than a year as I want to move in with my partner.
I am concerned about not being able to qualify for any First time home buyer programs because of this and the fact it will hurt my credit. I am finishing my undergrad in hopes to go to law school.
What are the pros and cons of this? I am not the best with credit but would love help from people experienced.
Edit after all the helpful comments: Thank you all for the words. I was suspicious but all the comments are supporting my original thought. I’m going to decline this proposition. I’d rather start my life with my partner than be stuck and tied down in my thirties with a co-signed mortgage I didn’t want
Edit 2: If anyone was curious. Loan is around 500k left due to her previous refinancing pulling money out. House fair market price is around 785k if sold today
submitted by Coozhie to FinancialPlanning [link] [comments]


2024.05.21 17:45 ConsciousRun6137 Oswell E. Spencer; Resident Evil, Based On Real EL-ites

Oswell E. Spencer; Resident Evil, Based On Real EL-ites
There's nothing new under the Sun, & no coincidences in such things that follow;
Oswell E. Spencer
Coat of Arms
"I was to become a god... creating a new world with an advanced race of human beings."
Dr. Oswell E. Spencer, Earl Spencer (c.1923-2006) was an aristocratic British billionaire, virologist and eugenicist. One of the founders of Umbrella Pharmaceuticals, Lord Spencer was the CEO and President for its entire existence, which saw its expansion as the Umbrella Corporation over the 1980s as well as its bankruptcy in 2003.
A cold, ruthless elitist and ambitious individual, Spencer mercilessly eliminated his rivals and gradually increased his power within the company, which he strictly controlled behind a veil of darkness. Spencer had a vision to remake the world and lead it into a new era, seeing the world's current state as self-destructive. He intended to use the research data accumulated from Bio Organic Weapons to carry his vision out and mould a utopia for mankind with himself as its ruler.
Spencer was born into the prestigious Spencer family, considered for generations to be among the European elite. Growing up in his family's castle overlooking a cliff on the British coastline, the young heir to the Spencer fortune was given a wide-ranging education, and developed hobbies of art collecting and hunting as befitting of his status. Among his studies were classic literature, Early Modern humanist treatises, and the mid-20th century eugenics movement. His personal favourite was the Natural History Conspectus, a rare late Victorian encyclopaedia which chronicled a 34-year trek through Africa by British explorer Henry Travis. During Spencer's teenage years, Europe was plunged into the Second World War. Nothing is known of Spencer's life during this period of time, including whether or not he avoided conscription, though it is known his experience living during the war helped form his world views.
By the 1950s, Spencer was a university student training to be a physician. There he became close friends with Edward Ashford and an older student, Dr. James Marcus. While taking a solo hiking trip in Eastern Europe, he became lost due to his inexperience in the unfamiliar terrain and collapsed on a snow-covered road. There, he was rescued by Miranda, the priestess and biologist of an isolated mountain village which worshipped the Black God. Taken in by Miranda as a protégé, Spencer learned about the Mold and its ability to mutate, assimilate and replicate lifeforms, which inspired him a means to achieve evolutionist goals. Although he enjoyed his time with Miranda and the vast biological knowledge he gained from her, the two held very different world views, as Miranda longed to revive her deceased daughter while Spencer wished to change the world. Consequently, Spencer decided to leave the village, but would continue to keep in touch with Miranda by writing to her.
Returning to his university a changed man, Spencer became driven to replicate Miranda's achievements in his own way, as he deemed the Mold ineffective to achieving his goals. With the Cold War intensifying, Spencer began to view humanity as a race destined to fall, and believed that only through evolving mankind and attaining a superior moral code could this be averted. Though he lacked a means to accomplish this, he believed the answer lay within the emerging field of virology. Soon, Spencer formed a eugenics circle of likeminded scientists, including Marcus and Ashford, as well as Lord Beardsley and Lord Henry.

Founding of Umbrella (1966-68)

At the start of 1966, Spencer became engrossed once more in the Natural History Conspectus, having recalled an account about the Ndipaya, a West African tribe of skilled engineers whose rituals involved a magical flower which granted great power to those who could survive its poison. While Spencer was initially treated with appropriate scepticism due to allegations of yellow journalism on behalf of Travis, Marcus hypothesized that a virus could be naturally produced by the flower and mutate the consumer. This virus would theoretically hold great promise in eugenics, interesting the circle. In order to disprove or confirm the flower's significance, the three organized an expedition to West Africa to find it. While Spencer's involvement is uncertain, Marcus travelled to West Africa on a several month search for the Ndipaya with his protégé, Brandon Bailey, and returned by February 1967 with proof of the virus' existence, having isolated it within the Sonnentreppe flowers growing in the ruins of the Garden of the Sun.
Soon after research began on the virus, the Swiss university that Marcus worked for ostracized him following allegations of falsified data, which itself led to the cessation of government grants to his projects.\13]) Spencer used this to his advantage and employed his charitable Spencer Foundation as a means of funding Marcus' research, on the condition that he operate within the Spencer Estate's lab and avoid contact with any scientist outside their circle. Understanding the foundation would not be able to fund the project in its entirety, Spencer approached the circle in March 1967 with a suggestion that they establish a pharmaceutical company in order to raise the necessary funds. Ashford and Marcus agreed to the project, despite an overall disinterest with Henry and Beardsley joining.
Shortly afterward, Spencer informed his old teacher Miranda of the discovery of the Progenitor Virus, and decided to use the symbol that connected the Four Houses in her village as his company logo.
Toward the end of the year, work concluded on a mansion built on Spencer's behalf in the Arklay Mountains, a massif in the American Midwest. The mansion itself was built atop limestone caverns which Spencer planned to use for the construction of an underground laboratory complex that would be hidden from public view. The biggest flaw in this construction project was that he chose a famous New York architect named George Trevor, known for surreal designs Spencer admired, to build it. Upon its completion, Spencer realized that Trevor knew all of the mansion's secrets, including the existence of an underground laboratory, and panicked. Spencer quickly made plans to dispose of Trevor, so that only he and his inner circle would know of the lab's existence. In November 1967, Spencer invited the entire Trevor family, including George, his wife Jessica, and 14-year-old daughter Lisa to the house to celebrate the completion of the mansion. Unbeknownst to the Trevor family, Spencer planned to use them all as test subjects in his Progenitor research. Due to a busy workload, George could not attend, but told Jessica and Lisa that he would join them at the house later. As soon as the two arrived on November 10, they were dragged away by Spencer's employees and taken into the underground caverns as human research subjects for the Progenitor Virus. Jessica died soon after infection, though Lisa survived with mutations. As George arrived at the mansion, he was captured just the same, but escaped from his room. He eventually fell victim to one of his own traps and died. Lisa was kept as a test subject and would finally die in 1998.
At some point in the late 1960s, Spencer worked with another scientist who shared his eugenics ideals, Dr. Wesker. Believing that Progenitor would only be useful to mankind if they could be trusted with its powers, Spencer concluded that the genetically superior humans had to share his values to become the Übermenschen. Umbrella began abducting children with superior genes and intellect from around the world and raising them with access to the finest education that money could buy. Upon reaching adulthood, Umbrella would determine the cream of the crop and infect them. This highly classified project was dubbed the "Wesker Project", in the name of its leader.
With Umbrella established, Spencer became increasingly paranoid that his friends would threaten his own eugenics project which he intended to steer towards making him a god in the new world order. Although he already controlled the project by 1967 when he secured Marcus' research, Spencer's paranoia escalated in 1968 while running Umbrella Pharmaceuticals. To procure more funding for their eugenics project, Umbrella entered a secret agreement with the United States military to produce biological weaponry and began further projects to create mutant virus strains for military use. The Umbrella founders each worked separately on what they dubbed the "t-Virus Project". Rather than perform his own research, Spencer left the Arklay Laboratory under the control of trusted executives and further worked with Lord Beardsley and Lord Henry. Marcus and Bailey continued to work on their own while Ashford worked alongside his son, Alexander, at their European home.
With Progenitor cultures becoming too limited in number for large-scale research on the t-Virus Project, it became clear that Marcus and Bailey would have to travel to West Africa and secure more. Unlike the previous trek, Spencer instead hired mercenaries to force the Ndipaya off their land and secure the Garden of the Sun for Umbrella's own exclusive use. When news reached them about this success, Bailey was sent alone to cultivate the Progenitor samples at a lab built there, isolating him from Marcus. Marcus himself was given his own laboratory in the Arklay Mountains close to Spencer's own. The Umbrella Executive Training School served a dual role as both a laboratory for the t-Virus Project and as a boarding school for gifted children headhunted by the Spencer Foundation as promising new executive-scientists. The first true victim of Spencer's paranoia was Ashford, who would die from exposure to his primitive t-Virus strain in a staged lab accident. While his son Alexander was a scientist, he was trained in genetics rather than virology, and was consequently unable to continue his father's work. This left only Marcus as the main competitor to Spencer, and so efforts were taken to steal Marcus' data for the benefit of Arklay's Laboratory.

Securing of Power (1977-98)

In 1977, the Spencer Foundation headhunted Albert Wesker for a job at Umbrella after he acquired a doctorate in virology at just age 17. Sent to the executive training school, Spencer ensured that Wesker and a fellow student, William Birkin, would abuse Marcus' trust in them and steal his research data. At the end of the school year, Spencer ordered the school and lab to be shut down, cutting Marcus off from his research staff and the children he used as test-subjects. Wesker and Birkin were immediately assigned to the Arklay Laboratory to take over as its chief researchers and used their knowledge of Marcus' research to drastically alter the Arklay Laboratory's own t-Virus project.
Despite Spencer's near-total control over Umbrella, his paranoia continued to find new victims as Umbrella expanded to the point of possessing its own paramilitary, the Umbrella Security Service. Marcus continued to perform his own dedicated research into the late 1980s, hoping to use this to his advantage in securing the support of the board of directors in taking over the company. With Marcus now an immediate threat, Spencer ordered a U.S.S. raid on the training school and he was gunned down in 1988 with Birkin and Wesker in order to steal more research data. That same year, he personally backed their proposals in acquiring a Nemesis α parasite from France's No.6 Laboratory. As Umbrella entered the 1990s, Spencer continued to take a direct role in the company's affairs despite his advancing age and confinement to a wheelchair. Beardley and Henry would both perish over the next decade with their research inherited by their respective children, Mylène and Christine, both of whom were child prodigies.
Deeply interested in the newly discovered Golgotha Virus, which was being studied by Birkin and Christine in France, Spencer funded a new NEST facility in Raccoon City for the G-Virus Project. Although intrigued by the virus' potential use in eugenics, it was instead funded as another bio-weapon project for the US military. An alternative eugenics project was assigned to Dr. Alex Wesker, one of the Wesker Project subjects who Spencer became personally close to. Spencer awarded her with greater executive power through the construction of a laboratory at Sonido de Tortuga. He also developed a close relationship with Col. Sergei Vladimir, a Spetznaz officer whom the Soviet Union had used in a human cloning trial during the Afghan War. In exchange for handing his ten clones over for research on the fledgling Tyrant Project, Vladimir became a powerful asset in protecting Spencer's control over the company.

End of Umbrella (1998-2003)

In May 1998, the Arklay Laboratory was sabotaged by one of Dr. Marcus' creations, Queen Leech. Its entire staff was either killed or infected, and escaped B.O.W.s drew national attention in their killings of out-of-state hikers. As part of the X-Day contingency, Albert Wesker sent two elite law enforcement teams from S.T.A.R.S. to the mansion to investigate. However, unbeknownst to these S.T.A.R.S. officers, they were deliberately pitted against Arklay's escaped B.O.Ws for the purpose of collecting combat data. Wesker's own orders were fourfold: gather this combat data, salvage whatever research he could from the Arklay Lab, ensure the death of all S.T.A.R.S. members, and destroy the lab so the truth of Umbrella's responsibility could never get out. Spencer's right-hand man, Colonel Sergei Vladimir, was also sent in personally for the task of recovering an experimental Tyrant and Umbrella's U.M.F.-013 supercomputer. While Vladimir was successful, Wesker instead chose to fake his own death and hand the data over to a rival company, while several S.T.A.R.S. members escaped from the mansion intent on beginning a police investigation of Umbrella.
In the immediate fallout, an executive named Morpheus D. Duvall was scapegoated for the containment failure and began a bioterror plot to steal the viral samples in vengeance. Publicly, the so-called "Mansion Incident" did not harm Umbrella, thanks to its influence over the local Raccoon City media, police, and local government. However, a combination of this incident, Albert Wesker's betrayal, and Spencer's own refusal to admit Dr. Birkin to his inner circle would be the trigger for Umbrella's downward spiral. Dr. Birkin, slighted by Spencer's rejection, dumped the t-Virus around Raccoon City in order to neutralize the other Umbrella facilities while he himself prepared to hand the G-Virus over to the US military, who were intent on starting their own bioweapons project, in exchange for protection. Spencer learned of Birkin's planned betrayal and sent Umbrella Security Services to take Birkin into custody and acquire the G-Virus. When Birkin refused to comply, an Umbrella soldier gunned him down and the team proceeded to take his suitcase, which contained all of his work, with them. However, the fatally wounded Birkin still had one G-Virus sample left in his possession and used it on himself, mutating into a powerful monster in the process. The now mutated Dr. Birkin pursued Umbrella's soldiers into the sewers and slaughtered most of them, although HUNK survived. This altercation accidentally caused several t-Virus samples to fall to the floor and break, and infected rats would soon spread the virus into the city's water supply. Over the next week, the city collapsed into anarchy as thousands of infected took part in cannibalistic murders.
Aware that Raccoon City was doomed and the company no longer capable of lobbying against a Senate committee action, Spencer ordered Colonel Sergei Vladimir to recover the U.M.F.-013 from Raccoon City and take it to a safe location. On October 1, 1998, Spencer awoke to news of the US President's bombing of the city. By this point, Umbrella's responsibility had become public knowledge, and the US Congress voted in an act to liquidate Umbrella's USA branch and ban the company from conducting any future business in the country. In 1999, Spencer assembled expert lawyers, fake witnesses, and bribes during the Raccoon Trials to divert all responsibility to the US government. He also purchased an abandoned chemical plant in the Caucasus region of Southern Russia and commissioned the construction of a secret underground laboratory, which would become the de facto base of operations for Umbrella. Unwilling to acknowledge their breaching of international law to obtain bioweaponry or even acknowledge B.O.W.s in general, the US government remained in a stalemate with Umbrella. This stalemate ended in early 2003 when Albert Wesker leaked excerpts of the recovered U.M.F.-013 data to the court. Umbrella was found liable for damages and subsequently bankrupted. An international arrest warrant on Spencer was filed by both the United States and Russian Federation. Spencer, now an international fugitive, secluded himself in his family estate where he would spend the remaining years of his life.

Final Years (2003-2006)

Intent on establishing a future successor to Umbrella, Spencer was obsessive in maintaining what little order he had left. Right after the Raccoon City bombing in November 1998, he ordered a purge of senior executive staff to prevent the United States from ever learning about Progenitor.
Over the next few years, he had little to no contact with the outside, seen only by his loyalist bodyguards and his butler, Patrick. His increasingly erratic behavior coincided with his depression and failing health. However, intent on surviving long enough to see the rebirth of his organization, Spencer ordered Alex Wesker to begin research into a mutagenic virus capable of restoring his youth and supplied her with funding, equipment, research material, several hundred test subjects, and the research facility on Sonido de Tortuga Island to this end. Alex herself had no love for Spencer and betrayed him, disappearing after she gave up on the project and taking the results, her subordinates, and the test subjects to Sein Island in the Baltic Sea.
By 2006, Spencer was close to death. He lacked the strength to eat solid foods and spent most of his days sitting in his study. In a desperate last effort to survive, he ordered Patrick to assist him in the development of a new virus by using test subjects confined beneath the Spencer Estate in the hopes of healing his body. As these experiments led to several failed mutations, Spencer realized that his death was inevitable. He conceded that he would never realize his plan himself and enlisted Patrick to leak information on his location to Albert Wesker through an associate. Spencer then dismissed Patrick from his duties and was left with only his bodyguards at the estate, waiting for Wesker to find him.
In August 2006, Wesker entered the castle and brutally murdered Spencer's guards before heading into Spencer's private office. In their meeting, Spencer explained the Wesker Project to him, and why he himself was infected with a Progenitor virus strain*.* However, Spencer lied when he claimed he was the sole survivor of the Wesker Project, probably in order to keep him focused on his goal and prevent him from pursuing Alex. In general, Wesker was disinterested in Spencer's vision and, while not expecting this frail old man to be much competition to own goals, nevertheless decided to tie him up as a loose end. He brutally killed Spencer by knife-handing him through the chest, proclaiming that Spencer was not capable of being a god and, as such, never had the right to aspire to that goal.
Even before his death, Spencer left a dark legacy through the viral research that he conducted throughout his life that would plague the world with large-scale dissemination of bioterrorism. Due to his negligence in not being able to deal directly with the constant leaks and desertions of his dishonest employees during Umbrella's final years, this allowed them to start selling B.O.W.s to their rivals in the Bio-weapons black market since 1998 which culminated in the proliferation of countless outbreaks around the planet during the first decade of the 21st century, causing the deaths of thousands of people as a result.
Knights of Malta
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2024.05.21 17:20 Camiejoules Anyone here received relief through Insolvency & Bankruptcy Code 2016 (IBC)?

Anyone here received relief through the Insolvency & Bankruptcy Code 2016 (IBC)? Does it work? Will it offer a chance to rebuild life?
I can't afford lawyer fees. I can't speak. I can't wander around endlessly from office to office. Please let me know how to file bankruptcy so I can rebuild life. Please let me know if it has allowed you to rebuild your life.
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2024.05.21 16:28 AblePost7537 KENTUCKY VA MORTGAGE LENDER APPROVAL REQUIREMENTS

Comparing Kentucky VA loans to Kentucky USDA, FHA, and Fannie Mae loans in Kentucky

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Kentucky VA loans Compared to Kentucky USDA, FHA, and Fannie Mae loans in Kentucky

When comparing Kentucky VA loans to Kentucky USDA, FHA, and Fannie Mae loans in Kentucky, several factors come into play, including credit score requirements, income considerations, work history, debt ratios, and how each loan type treats bankruptcy and foreclosure. Let’s delve into the benefits and differences of each loan type:
Kentucky Mortgage Credit Score Requirements:
Kentucky Mortgage Income and Work History:
Kentucky Mortgage Debt Ratio Requirements:
Kentucky Mortgage Bankruptcy and Foreclosure Requirements:
Advantages and Disadvantages of Kentucky VA loans, USDA, Fannie Mae and FHA:
In summary, choosing the right loan type depends on your specific financial situation, eligibility criteria, and property location. VA loans offer excellent benefits for eligible veterans and service members, while USDA, FHA, and Fannie Mae loans provide alternatives with their own advantages and considerations.

Joel Lobb Joel Lobb Mortgage Loan Officer

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The view and opinions stated on this website belong solely to the authors, and are intended for informational purposes only. The posted information does not guarantee approval, nor does it comprise full underwriting guidelines. This does not represent being part of a government agency. The views expressed on this post are mine and do not necessarily reflect the view of my employer. Not all products or services mentioned on this site may fit all people. NMLS ID# 57916, (www.nmlsconsumeraccess.org). Mortgage Loan Officer
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